Vivint Solar Broadens Funding Alternatives In 3 East Coast States

Residential solar supplier Vivint Solar has actually made solar energy system purchases and funding available to property owners in three of its existing markets: Connecticut, Maryland and South Carolina.

We are thrilled to expand solar energy system purchases and financing options to three more of our existing states, says Opportunity Allred, senior vice president of sales at Vivint Solar. Getting a solar energy system, with money or through funding, provides an appealing option to power purchase arrangements (PPAs) for customers who wantwish to own their solar energy system, and the ongoing growth in demand has lead us to provide chances for more property owners to go solar.

Through Vivint Solars financing relationships, a customer can finance ownership of a domestic solar energy system without any cash down. The business states the resulting monthly financing payments are equivalent to a customers prior utility payments, but they construct equity in the customers solar energy system. After the financing is paid back, the homeowner pays nothing more for the power produced by the system. House owners who selectdecide to purchase a system may also certify to get a federal tax credit, along with any state and regional incentives for which they may be qualified.

This third-party funding item was formerly just offered to Vivint Solar customers in Arizona and Utah, while in California, Vivint Solar offers property-assessed tidy energy (PACE) funding as an option. Vivint Solar is selling systems directly to property owners, utilizing the loan and PACE products supplied through its monetary relationships, in the six abovementioned states and strategies to expand to most of Vivint Solars markets by the end of September.


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