The folks over at Clean Power Finance sent us this press release earlier today indicating an expansion of their residential solar financing product to new markets. This is indeed good news as residential solar financing is an important enabler for making solar more affordable for more customers. With low money down or no money down down options becoming more widely available, and with more choice than ever before, potential solar customers can now get clean, long term energy right from their rooftop, without big upfront costs.
Here at GetSolar just about every conversation we have with homeowners involves a discussion around solar financing options; be it leasing, power purchase agreement, loan, home equity line, cash, you name it. Residential Leases and Power Purchase Agreements (PPA’s) have driven some 30% of California solar installations in the last year, and for good reason. For many customers, they can start saving on their electric bills right away, while keeping more cash in their pocket for other expenses. We welcome additional financing choices in these markets, as it helps our partner installers offer creative solutions to residential solar customers, allowing them to save money on their utility bills while helping America strengthen its energy future.
See the press release.