BlueWave Solar of Boston, Massachusetts, a solar financing technology and community solar company, announced the New York launch of its premier Home Solar Loan. This product offers New York homeowners up to $100,000 in financing for their home solar system with 12, 15 and 20- year term options and an 18-month interest-only period.
BlueWave’s Home Solar Loan is the result of a partnership with Avidia Bank of Hudson, Massachusetts, one of the fastest-growing regional banks in the Northeast. With Avidia, BlueWave launched the Home Solar Loan in Massachusetts in 2016, followed by offerings in North Carolina, South Carolina and Rhode Island in 2017.
Applying for a solar loan has never been easier. BlueWave’s preferred partner network includes select local New York installers who are now offering the Home Solar Loan. These installers work with homeowners using BlueWave’s Solar Loan Portal, making it simple and secure for customers to sign up and get approved for solar financing. Qualified applicants are pre-approved within minutes and the entire loan application and contract execution happens online.
“We are thrilled to be launching BlueWave’s Home Solar Loan in our neighbor state. New Yorkers know that solar is the future of energy and we are proud to be a part of this transition.” said Trevor Hardy, BlueWave’s CEO. “We’re working with a network of local solar installers to bring this product to communities throughout the state and will be helping New York families reap the maximum benefit from their decision to go solar. BlueWave is focused on making the solar financing process simple and easy for both the customer and the installer.”
“By partnering with BlueWave, we see an opportunity to help local individuals, families and businesses lower energy costs by improving their access to alternative energy sources in the form of solar power,” said Mark O’Connell, Avidia Bank’s president and CEO. He added, “We believe the Home Solar Loan is a great option for homeowners and we are eager to be part of the expansion into New York.”
News item from BlueWave Solar
Vijay Singh says
It is a good initiative. Being a solar energy professional I also feel the need for rooftop solar generation. But, here in India loan for rooftop solar system is non existent. Though the present govt under Modi ji has taken initiative for this but it can’t progress without private initiative at ground level.