Solar loan company Sungage Financial has released a new 0% solar financing product for homeowners. Sungage offers loans up to $150,000 with 0% rates across terms from five to 25 years, that incorporate tax credits and certain local incentives.
“This new 0% interest rate helps us achieve our mission to help as many homeowners as possible realize the benefits of solar energy ownership by providing the most affordable path to a renewable energy future,” said Michael Gilroy, Sungage Financial CEO. “With these low monthly payments, financing can deliver sound economic advantages, including a solar loan payment that is usually lower than the electric bill it is replacing, plus the significant long-term savings.”
Sungage Financial is available in 46 states and the District of Columbia and provides financing for residential solar, battery and roof work through a network of experienced, qualified installer partners.
News item from Sungage
Hi Kelly, is this zero percent interest loan offer still
valid ?
You’d have to discuss directly with Sungage
I completed my sungage solar loan on 1/25/2021 at 2.991%. Two close friends of mine are now receiving 0% on their solar loans. I would like to know if there is a way to refinance to 0%?
Don’t feel bad Ryan, you got a great deal! That 0% interest is equal to your 2.99%. The solar companies pay high dealer fees to offer that rate. That means that the consumer gets a higher upfront solar gross price for that rate. They are putting that lost interest that the bank would have earned into the gross loan amount! If you pay off your solar loan loan sooner or not, you are still good.