SolarCity Corporation (San
Mateo, CA, U.S.) has unveiled a new solar photovoltaic (PV) loan program
– available in 14 states – that will allow many customers to
immediately pay less for solar each month than they previously paid for
utility bills and pocket thousands in additional dollars from applicable
tax credits.
The company has leveraged its installation
volume to negotiate extremely favorable terms on behalf of its
customers. Fixed payment options will start around USD 50/month.
“We can now offer a loan that makes it possible for
many customers to pay less for solar from day one, and still receive
thousands back in tax credits on top of that,” said SolarCity CEO Lyndon
Rive.
“This program will allow thousands of additional
customers across the U.S. to install solar this year and start saving
money immediately, and we expect to work with multiple lenders that will
allow us to expand to several new states by the end of the month with
the same great terms for our customers.”
SolarCity's new loans replace its popular MyPower
product – which allowed SolarCity to provide more loans in 2015 than any
other solar installer – with new options that include fixed payments
and shorter terms.
SolarCity's new solar loans are available today in
Arizona, California, Colorado, Connecticut, Delaware, Maryland,
Massachusetts, New Hampshire, New Mexico, New Jersey, New York, Oregon,
Rhode Island, Texas and Washington D.C., and the company expects to
announce new locations soon.
source: http://www.solarserver.com
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