At GreenLeaf Solar we make financing your residential solar energy system simple and hassle-free. We always offer an option for “no money out of pocket” which allows you to spend your money where you want and it won’t affect your solar system. The financing options, we offer are the best in the country when it comes to solar installation. Even with a 540+ credit score and up to 70% DTI (Debt-to-Income Ratio), we can offer you an unsecured loan with a fixed interest rate of 3.49%!
When compared to modern day lending day options, this loan seems to break the conventional rules. The way we are able to accomplish this is with the information we send to the bank. GreenLeaf Solar will prove that the annual energy production of your new solar system along with the loan payment will offset what you would have paid toward your electric bill. This shows the bank that you’ll be paying less toward the loan than you would have to PSE&G for electric, therefore, it’s essentially very little risk for the bank. This is the way we are able to get our clients such amazing financing options. It is also why the loan will not get approved if you are ever paying more for the loan than you were for electric; unless you will be saving money the bank will not approve you.
This loan program is fully approved by both PSE&G and NYSERDA (New York State Energy Research and Development Authority). In addition, you can even opt for an “On Bill Recovery” loan which allows you to pay your loan payment directly back to PES&G instead of your electric bill. Also, if you decide to sell your home, the loans GreenLeaf offers our clients are 100% transferable with absolutely no hassle and no credit checks required.
If you are interested in solar panel installation on Long Island and learning about the details of the financing we offer give us a call today at 1-844-GO-4-SOLAR (1-844-464-7652). GreenLeaf is one of the top Long Island solar power companies. If you would like to schedule your free in-house estimate for solar installation and we’ll be in touch with you as soon as possible.