Vermont Business Magazine SolarCity (Nasdaq: SCTY) launched new solar loan program—that will allow many Vermont customers to immediately pay less for solar each month than they previously paid for utility bills and pocket thousands in additional dollars from applicable tax credits. The company has leveraged its installation volume—SolarCity installed more residential solar in the US in 2015 than the next 50 competitors combined—to negotiate extremely favorable terms on behalf of its customers.
The new loans offer a range of features:
• 10-year loan with annual percentage rate as low as 2.99%.
• 20-year loan with annual percentage rate as low as 4.99%.
• Customers can prepay their entire balance or prepay a portion of their loan to lower their monthly payments at any time, with no fees or penalties.
• SolarCity’s loans include the industry’s best service package, including a 20-year warranty, production guarantee, and continuous monitoring.
• SolarCity provides the industry’s best mounting system and installation aesthetics, and backs up its agreements with the largest in-house service footprint in the industry, with 90 local operations centers.
• SolarCity will provide and install a Nest Thermostat at no additional cost for qualifying customers.
Vermont residents now have more options than ever before to go solar with SolarCity—they may purchase a solar power system outright or finance the purchase of a solar system utilizing this new customized solar loan, or lease the solar panel system for the benefit of all the solar power it provides.
SolarCity launched service in Vermont in October last year and now employs more than 80 people at its Burlington operations center. Interested homeowners can contact SolarCity directly at 1-888-SOL-CITY (1-888-765-2489) for a free, no-obligation solar consultation or visit the company online at
http://www.solarcity.com/residential.
*$50/month payment based on a 20-year loan of $7,680 principal amount, at 4.99% APR with monthly auto pay
About SolarCity
SolarCity® (NASDAQ: SCTY) provides clean energy. The company has disrupted the century-old energy industry by providing renewable electricity directly to homeowners, businesses and government organizations for less than they spend on utility bills. SolarCity gives customers control of their energy costs to protect them from rising rates. The company makes solar energy easy by taking care of everything from design and permitting to monitoring and maintenance. Visit the company online at www.solarcity.com and follow the company on Facebook & Twitter.
Source: BURLINGTON, VT – SolarCity 8.6.2016