Roughly five years ago, the residential solar market increasingly gained interest. Initially people paid cash for the solar panels, but then solar companies stepped in and offered leasing programs, triggering the market to grow even more. Typically the customer would sign a 20-year lease agreement and also pay a monthly fee for the solar system. Now, with the increasing amount of people who want to own their solar panels, the market for these solar loans has exploded and there are even more options to help homeowners fund their solar system.
In addition to the increasing market, the costs of installing solar systems are declining. In 2006, solar panel prices were $4.50/watt. Now they are down to $0.50 – $0.60/watt. This is extremely beneficial for the solar power industry.
Financing Solar Systems
Do you currently offer financing to your customers? With the solar industry growing and more customers wanting to buy their solar system, set yourself apart from other solar power home improvement companies by providing your customers financing options. Foundation Finance offers a variety of flexible programs for solar projects – 10 year installment loans, same-as-cash promotions, low interest rates, etc. What’s more is that becoming an approved dealer with Foundation Finance is FREE and EASY. Call us at 855-241-0024 ext. 5012 or email [email protected] for more details.
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