SunWize Residential Power Systems, the installation division of SunWize Technologies Inc., has made available to its customers a new financing program designed to overcome the up-front costs of a solar system.
Available to SunWize's residential customers in California and Oregon upon approved credit, the program offers an unsecured, same-as-cash loan of up to $45,000 for solar installations. With no principal payments or interest for up to 12 months, the financing provides homeowners sufficient time to realize the 30% federal tax credit for residential solar energy systems and apply it toward the loan, the company says.
At the end of the year, homeowners 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.
SOURCE: SunWize Technologies Inc.
