Solar and energy efficiency projects are on the rise, and so are the number of people needing financing for these projects. As a contractor, it’s particularly important to understand the different financing options available to offer your customers.
Here are a couple questions to ask yourself about the financing programs you’re offering (or going to offer):
- Are there upfront fees to me or my customer?
- Is there some type of collateral or equity required?
- Do I (and my sales team) understand the financing terms well enough to fully explain them to my customer?
- Are there any disadvantages to my customer?
Certainly, there are many different types of lenders and financing programs to choose from. Make sure you are aware of the advantages and disadvantages to you and especially your customers. In the end, if your customer understands and is happy with the project and the financing options, you will likely gain repeat and referral business. Finally, to learn more about how Foundation Finance can help get your customers financing for a project, please call us at 855-241-0024 ext. 5012 or email [email protected].