~Always talk to your mortgage lender about a home equity loan or line of credit (HELOC) as a finance option for your solar installation. Asset-backed options usually offer the lowest available interest rates. Talk to Sunwatt today to discuss your available options.~
Finance Options:
Sunlight Financial through Greentech Renewables: take advantage of the nationwide scale of our distributor (Greentech Renewables) to get some of the lowest fees/rates available for solar PV loans.
Terms and Rates: Solar loans range from 5 - 25 years with fixed rates between 8 and 11% depending on the applicant's credit score.
- No fee options; financed price is the same as our quoted cash price.
- Tax Credit Portion can be floated by Sunwatt for 12-Months at 0% interest.
- Credit Score of 800+ required for lowest rates with a minimum debt to income ratio (DTI) of 50% required for loan approval.
- Online portal for easy loan origination and servicing.
Interested in alternative financing options? Talk to Sunwatt for an informed loan consultation as part of our sales process.
UMASS Five Credit Union: Stay local and finance with UMASS Five Credit Union based out of western Mass and serving Rhode Island. UMASS Five offers a fixed rate solar loan with no upfront fees.
Terms and Rates: Solar loans range from 5-15 years with fixed rates between 8.5 and 10%.
- No Fees; financed price is the same as quoted cash price.
- Tax Credit Portion can be floated for 12-Months at 0% interest.
- Credit Score of 700+ required for lowest rates. Minimum Debt to Income Ratio (DTI) of 50% required for loan approval.
Other solar loans are available and we offer an informed loan consultation as part of our process.
~Always Talk to your Mortgage Lender about a Home Equity Loan or Line of Credit as a finance option for your Solar Installation. Home Equity Options usually offer the lowest available Interest Rates.~
Sunwatt Solar Loan Option Comparison
Solar Installation will vary depending on the system size, incentive eligibility, and equipment specs. Out-of-pocket cost of $15,000 is based on a standard 18 Panel Net Metered installation approved for the RI Renewable Energy Fund Grant incentive.
