GE Money's Sales Finance unit and the Electric & Gas Industries Association (EGIA) announced a new multi-year relationship to provide revolving and installment consumer financing of residential solar systems through EGIA's GEOSmart Sustainable Financing Solutions loan program.
For smaller Solar Thermal or Solar PV applications, the GEOSmart financing program offers unsecured financing with terms up to 20 years and project costs ranging from $2,500 – $50,000. Special six and 12 month no interest/no payment options with instant in-home approval, along with staged funding and interest rate reductions to 7.99% APR are also available.
According to the GE Money Sales Finance, larger residential PV installations can receive secured financing option terms up to 25 years on projects ranging from $10,000 to $500,000 and low fixed rates.
GE Money Sales Finance is based in Kettering, Ohio.