Finally, a Solar Loan with a True 20 Year Term with a Fixed 5.99% Interest Rate
Online, June 19, 2014 (Newswire.com) - Finally, a Solar Loan with a true 20 Year Term with a fixed 5.99% interest rate
Residential solar systems are becoming more popular as electricity rate rise and the price of solar systems becomes more affordable. The Service Finance Company, LLC combo loan is simple and effective for homeowners looking to maximize their cash flow.
The first acts as 12 or 18-months same-as-cash promotional loan with a 0% interest rate to be paid back with the 30% federal tax credit homeowners receive for going solar. There are no payments due during the promotional period.
The second loan is a 20-year loan with a fixed 5.99% interest rate.
It's a perfect combination to help homeowners get cash flow positive from day one and hedge against future energy increases.
Solar Loan, Long Term Installment
- Simple Interest, unsecured financing
- Long term- 20 year at 5.99% Fixed
- No Prepayment Penalty
- No Balloon Payments
- No Annual Escalator
- One-time principal re-amortization upon request
- When it's paid off, you own it, and have free electricity
Finally, a Solar Loan with a true 20 Year Term with a fixed 5.99% interest rate
Residential solar systems are becoming more popular as electricity rate rise and the price of solar systems becomes more affordable. The Service Finance Company, LLC combo loan is simple and effective for homeowners looking to maximize their cash flow.
The first acts as 12 or 18-months same-as-cash promotional loan with a 0% interest rate to be paid back with the 30% federal tax credit homeowners receive for going solar. There are no payments due during the promotional period.
The second loan is a 20-year loan with a fixed 5.99% interest rate.
It's a perfect combination to help homeowners get cash flow positive from day one and hedge against future energy increases.
Solar Loan, Long Term Installment
- Simple Interest, unsecured financing
- Long term- 20 year at 5.99% Fixed
- No Prepayment Penalty
- No Balloon Payments
- No Annual Escalator
- One-time principal re-amortization upon request
- When it's paid off, you own it, and have free electricity
Loan terms:
- Interest rate -- you're responsible for paying
- Length of time to repay (or loan term) -- you have the right to repay over the term
- Grace periods -- you have the right to a grace period to avoid penalties
- When and where payments must be made -- you're responsible for paying as agreed