SolarIndustryMag.com: Sullivan Solar Power, aleo solar Providing Loans

Sullivan Solar Power, aleo solar Providing Loans

by SI Staff on Monday 25 February 2013

Sullivan Solar Power has partnered with aleo solar to provide low-interest loans for residential solar power systems in Southern California.

As opposed to a solar lease, which has become a typical financing method offered in the market, homeowners now have the opportunity to own their solar power system with a 12-year loan at a 2.99% interest rate.

To qualify for the new loan, homeowner applicants must have a credit score of 640 or above and be serviced by Southern California Edison or San Diego Gas & Electric, the companies note. Equity in the home is not required for approval.

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