LightWave Solar has partnered with SunTrust Bank to offer Home Equity Lines of Credit for solar PV systems.
With Generation Partners’ 12 cent premium, TVA’s $1,000 installation incentive and the 30% federal tax credit, monthly payments could equal electric bill offsets depending on system size, credit score and other factors. This financing could significantly lower the out-of-pocket investment in solar.
Current variable rates are as low as 2.99% and fixed rates start at 6.49%.
Features include no closing costs if open for 3 years or more, loan approvals generally within one day, and minimum documentation requested.
Please contact us for details, and we will put you in touch with a SunTrust partner.