The Two Sides of our Split Solar Financing
Split financing is part of our SMART Solar Program that manages the cost of solar to make it more accessible for everyone.
- The initial loan is equivalent to your expected tax benefits and rebates. When you receive your benefits from the government, you pay off the first loan in full with 0% interest.
- The second part of the loan is over a longer term. Our financing partners offer low rates. These rates are fixed throughout the term, so there are no surprises. Terms are typically 10, 12, 15, and 20 years.
If the usual term periods don’t work for you, we can help you to customize your financing package. The shorter the term, the less interest you’ll pay, and the better your return from solar will be.
Because we only recommend solar installation when it makes financial sense, our customers can enjoy significant savings over the lifetime of a solar panel installation. Loan repayments, in most cases, are less than the money saved from having solar. Once your loan is fully paid, all of the savings from solar will go back into your pocket.
Splitting our solar financing in New York allows for the simplest and most affordable route to having a solar home or business. Financing is unique to each customer. We have helped more than 5,000 homes and businesses gain their energy independence in New York.