“Our new loan facility lets Westinghouse Solar offer a zero-down solar offering with competitive financing terms that provide favorable economics for the customer. The loan program also allows our solar system customers to retain the full benefit of available tax credits and other renewable energy incentives, and to avoid potential issues involved with transfer of leases or power purchase agreements if/when they sell their homes. Use of our loan program by our customers will also ensure that local incentives benefit residents of the participating communities and enhance local economic growth. Consequently, we expect the demand for Westinghouse Solar system loans to be high. The $20 million in financing capacity CBD has arranged should be adequate to meet the needs of Westinghouse Solar customers for the next several months. We are already exploring ways to expand our solar system loan capacity to handle future growth and meet the needs of new solar system buyers,” said James Greer, SVP of Westinghouse Solar U.S.
In addition, Westinghouse Solar residential systems include a 20-year warranty.
Loans will be underwritten, serviced and owned by third-party financing sources.
To learn more about the loan offerings, click here
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