SunWize Residential Solar Finance Option

SunWize Residential Solar Finance Option

SunWize Residential Power Systems created a solar financing program in California and Oregon. The program offers a loan up to $45,000 for solar installations with credit approval. It requires no payments or interest for 12 months, providing homeowners with enough time to receive the 30% federal tax credit for their solar system, use the credit to pay down the loan, and then start paying back the system.

This allows homeowners to save thousands in the first year of financing the solar system, increasing their return on investment. Currently, the solar return on investment is between 8-12 years.

At the end of 12 months, homeowners have the option to pay off the loan or convert it to a fixed-interest installment loan. The program is administered by Lyon Financial Services and funded by EnerBank USA.

 

Looking for solar financing for your business? Learn more about
Rich Hessler Solar
Solar Financing Options

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The US - Will It Take the Necessary Steps to be a Renewable Energy Leader

The US - Will It Take the Necessary Steps to Be a Renewable Energy Leader

The current oil spill off the coast of Louisiana is causing some Americans to question the longevity and environmental impact of oil. Renewable energy companies should take advantage of the situation and persuade Congress to make renewable energy a top priority.

Renewable energy, including photovoltaic, wind, and geothermal provide 15 percent of Germany and Denmark's energy requirements. In those counties, utility companies are required to purchase renewable energy at a set rate. The rate is set once and guaranteed for a pre-determined number of years.

This gives renewable energy viability. The current political and economic climate makes energy prices extremely unstable. With a set rate for renewable energy, companies can get financing to install renewable energy. This policy has led to an extreme increase in renewable energy infrastructure and the creation of many jobs.

America's energy policies are still controlled by lobbying and political pull of fossil fuel giants (BP, Chevron, Arco, Shell, and more). This money has successfully distorted public opinion about the economic, environmental, and social implementation of renewable energy. By distorting renewable energy, the fossil fuel giants have been able to make record profits and receive federal subsidies.

Many countries laugh at our outdated energy policy. They are discouraged not only because Americans use 25% of the world's energy, but because the United States holds 4.5% of the world's population.

The United States should be adopting the energy policy of Germany and Spain. By installing renewable energy, the United States can create much-needed jobs, secure its energy for future growth, and make the world think differently.

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PACE- Property Assessed Clean Energy

PACE- Property Assessed Clean Energy

There is a widespread impression that clean energy is expensive.  Well, it is, but there are ways of financing it to reduce or eliminate upfront costs.  Property owners need to be proactive in looking for these options.

PACE financing, or property assessed clean energy financing, gives property owners the chance to make renewable energy and/or energy efficiency retrofits without any upfront costs.  That's right, if you live in a participating municipality, you may qualify for a PACE bond which will allow you to pay off the costs of retrofits through your property taxes over a 15 or 20 year period.

PACE bonds are an idea that originated from a Berkeley, CA finance company, Renewable Funding.  Renewable Funding partnered with the city to help provide homeowners with a way to fund the installation of solar energy systems and energy efficiency improvements.  The "Berkeley First" program allowed homeowners to borrow the money and repay it through their home property taxes over a 20 year period.

There are several very enticing benefits to this PACE program:

- Virtually no upfront costs and no impact on your equity
- No credit or general obligation risk
- Tax liability is transferred to the new owner and upgrades remain with the property if sold
- Financing costs are comparable to a mortgage or equity line
- Property tax liens are senior to mortgage debt making borrowers less susceptible to foreclosure
- Financing is guaranteed as it comes from the IRS
- Lower energy bills and improved ROI/positive cash flow
- Immediate creation of jobs in renewable energy and energy efficiency sectors

The need for PACE bonds is estimated to exceed more than $500 billion in the coming years.  The result is a significant decrease in our greenhouse gas emissions and a strengthening of our energy independence.  PACE funding will make solar energy and energy efficiency more attainable and create a greater demand for jobs in both industries.

Why Should I Go Solar Now?

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PACE- Property Assessed Clean Energy

PACE- Property Assessed Clean Energy

There is a widespread impression that clean energy is expensive.  Well, it is, but there are ways of financing it to reduce or eliminate upfront costs.  Property owners need to be proactive in looking for these options.

PACE financing, or property assessed clean energy financing, gives property owners the chance to make renewable energy and/or energy efficiency retrofits without any upfront costs.  That's right, if you live in a participating municipality, you may qualify for a PACE bond which will allow you to pay off the costs of retrofits through your property taxes over a 15 or 20 year period.

PACE bonds are an idea that originated from a Berkeley, CA finance company, Renewable Funding.  Renewable Funding partnered with the city to help provide homeowners with a way to fund the installation of solar energy systems and energy efficiency improvements.  The "Berkeley First" program allowed homeowners to borrow the money and repay it through their home property taxes over a 20 year period.

There are several very enticing benefits to this PACE program:

- Virtually no upfront costs and no impact on your equity
- No credit or general obligation risk
- Tax liability is transferred to the new owner and upgrades remain with the property if sold
- Financing costs are comparable to a mortgage or equity line
- Property tax liens are senior to mortgage debt making borrowers less susceptible to foreclosure
- Financing is guaranteed as it comes from the IRS
- Lower energy bills and improved ROI/positive cash flow
- Immediate creation of jobs in renewable energy and energy efficiency sectors

The need for PACE bonds is estimated to exceed more than $500 billion in the coming years.  The result is a significant decrease in our greenhouse gas emissions and a strengthening of our energy independence.  PACE funding will make solar energy and energy efficiency more attainable and create a greater demand for jobs in both industries.

Why Should I Go Solar Now?

Posted via email from richhesslersolar's posterous