Thursday, 2 June 2016

SolarCity launches PV loan program in 14 U.S. States

SolarCity’s PV loan program is available in 14 U.S. States
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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