There are an abundance of financing options for going solar right now, whether it is a lease or loan. Sungage Financial has provided the CT Solar Loan for us, which has become a popular financing option for homeowners. This month, Sungage partnered with Digital Federal Credit Union, or DCU, for a $100 million residential solar loan program.
The best part of this is that it makes it possible to get a solar loan with no money down. DCU will be the lender. The process starts with a homeowner creating a personalized Solar Savings Plan℠, Sungage’s online tool for assessing the financial appeal of solar projects, and then applying for credit online. The program supports online access to solar credit, which is availaleb 24 hours a day, 7 days a week, and provides installers and homeowners with flexibility and ease throughout the financing process.
Sylvain Mansier, CFO of Sungage, says “We are very excited to partner with DCU, one of the nation’s leading credit unions. Our platform, combined with DCU’s local, regional, and national reach, as well as their consumer lending expertise, makes it easier than ever for homeowners to go solar and save money. We believe this will be a market-leading program.”
Sungage created the first secured solar loan, which requires no home equity since the solar system serves as collateral. Sunlight Solar is a member of Sungage’s network of installers. For more information on the CT Solar Loan, call us in the office at 203-878-9123.