Financing


Solar Financing Options

At Northeast Smart Energy we believe that everyone should be able to afford a solar PV system for their home or business.  That is why we have engaged banking partners to give you the ease of financing a system so your cash outlays are minimal or none.

You will discover that through the financing available to you that you can have a solar PV system pay for itself through the electric savings, and the SREC income that the system generates, while leaving you a FREE positive cash flow each and every month.  Enjoy dinner out 3 or 4 times per month compliments of your system.  Maybe you want to save for Jr’s  College education.  How about a new car? The choices are limitless as to how you can enjoy your new found income stream.

Residential

ZERO DOWN (Same as cash program): You don’t have to make a payment for 12 months.  This great finance product allows you to build your solar PV system, collect all your rebates within the year, enjoy your SREC and electric savings and pay no monthly bill.  If you budget right and pay down the same as cash loan with all your incentives, your remaining bill will be a very small payment that the system will easily cover and leave you with an enjoyable FREE positive cash flow for years to come.

HELOC (Home Equity Line Of Credit): Programs starting at 3.5%.  Keep your payments very low and your cash flow very high.  Your solar systems SREC income & electric savings will cover the bill and leave you plenty of money left over.

Fixed 2nd mortgages: Programs starting at 5.5% for up to 20 years up to 90% Loan To Value.  In today’s Real-estate market some home values are not what they used to be.  That is why we are offering our High LTV 2nd mortgage product to our customers.  With a fixed Rate and term you have the peace of mind of having a secure fixed payment that can never adjust.

Commercial

Up to 80% LTV (loan to value) with no limit to loan size.   As long as your business can demonstrate a good cash flow for the last 24 months, and you have sufficient equity in your building we can make this financing available to you.  Just imagine generating a very enjoyable $2,000 – $4,000 positive cash flow per month from your PV system.  Hey you just gave yourself a very big raise.  And with depreciable offsets, compliments of the federal government, you get to keep all of that enjoyable cash flow tax free.

Our Green lending initiative gives businesses 50% off all loan closing fees associated with a solar purchase.  Additionally along with our lending partners receive a 0.50% reduction on your GREEN loan.

There are many different ways to finance your system, whether it’s for home, business or both.  Let one of our solar specialists walk you through the process so you have a full understanding of how solar financing works, and how you can generate yourself a very comfortable monthly cash flow that you can enjoy for years to come.

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