Residential solar installation company Acro Energy Technologies Corp. has introduced a financing program designed to make solar energy systems more accessible to consumers in California.
The program offers an unsecured, same-as-cash loan of up to $45,000 for solar systems installed by Acro Energy in California for approved customers. With no principal payments or interest for up to 12 months, the financing provides homeowners sufficient time to realize the benefits of the existing 30% federal tax credit for the installation of residential solar energy systems, the company explains.
At the end of the period, the homeowner can either pay off the loan in full or convert it to a fixed-interest installment loan. The financing program is administered by Lyon Financial Services and funded by EnerBank USA.
SOURCE: Acro Energy