EnerBank USA, the national consumer lender that helps strategic business partners and independent home improvement contractors increase their sales, recently announced four new Triple Option Loan terms for contractors to offer homeowners who are installing solar panels and expect to receive income tax incentives, rebates, and/or other significant payments. The new loan features additional options with 12- or 18-month no-payment periods and three re-amortizations of principal and interest over the life of the loan, providing homeowners the ultimate flexibility in choosing how they want to pay for their projects.
The additional loan terms and rates are as follows:
No Payment Period | APR | Loan Term |
12-/18-Month | 4.99% | 12-Year |
12-/18-Month | 4.99% | 20-Year |
12-/18-Month | 4.99% | 15-Year |
12-/18-Month | 5.99% | 15-Year |
“When solar contractors offer the Triple Option Loan, it’s a win-win for both the contractor and the homeowner,” said Charlie Knadler, president and CEO of EnerBank. “As a result of the popularity of our original Triple Option Loan terms and feedback from our customers, we’ve expanded our terms to provide even greater flexibility.”
News item from EnerBank USA
Tell Us What You Think!