BlueWave Solar of Boston, a solar fintech and community solar company, announced the Florida launch of its premier Home Solar Loan. This product offers Florida homeowners up to $100,000 in financing for their home solar system with 15 and 20-year term options and an 18-month initial 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, Rhode Island and New York.
Applying for a solar loan has never been easier. BlueWave’s preferred partner network includes a list of select local Florida installers who are now offering the Home Solar Loan throughout Florida. 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 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 Florida,” said Trevor Hardy, BlueWave’s CEO. He continued, “We’re working with a network of local solar installers to bring this product to communities throughout the state and will be helping our customers reap the maximum benefit from their decision to go solar. Our focus is to make the financing part of the solar experience as seamless as possible for both the customer and the installer. Solar is an important part of storm resiliency for Floridians; solar has helped many in the Sunshine state weather the storms.”
“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 Florida homeowners and we are eager to be part of the expansion into the Sunshine state.”
News item from BlueWave