Sullivan Solar Power has partnered with aleo solar to provide low-interest loans for residential solar power systems in Southern California.
As opposed to a solar lease, which has become a typical financing method offered in the market, homeowners now have the opportunity to own their solar power system with a 12-year loan at a 2.99% interest rate.
To qualify for the new loan, homeowner applicants must have a credit score of 640 or above and be serviced by Southern California Edison or San Diego Gas & Electric, the companies note. Equity in the home is not required for approval.
