Financing
Traditional Payment
The Solar Store accepts cash, check, Visa, MasterCard and Discover. In addition, depending on the utility company, the homeowner may assign the rebate to The Solar Store or our Third-party vendor to help reduce the upfront cost of the system.
Bank Financing
The Solar Store offers two financing mechanisms through EnnerBank USA on solar projects valued over $1,000.
- One Year Same As Cash** - Finance a portion or the entire balance of your solar system (up to $45,000) with no money down, no payments, and no interest for 12 months.
- Unsecured Term Loan - 9.99% term loan for the life of the loan until the balance is paid off. Minimum monthly payments are ~ 2.5% of the balance due.
** Loans provided by EnerBank USA (1245 E. Brickyard Rd. Suite 640, Salt Lake City, UT 84106) on approved credit, for a limited time. Repayment terms vary from 24 to 132 months. Interest waived if repaid in 365 days. 16.95% fixed APR, effective as of June 1, 2011 subject to change.
Leasing
In partnership with NRG SunCap Financial, The Solar Store is now offering homeowners a 20 year lease option for grid-tie photovoltaic systems. The homeowner can either put $0 down and make monthly lease payments, or, they may prepay the monthly payments now at a discounted rate. In addition, the homeowner will receive these great benefits from SunCap:
- Insure, maintain, and repair the solar system at no cost to you, for 20 years
- Provide a money-back production guarantee as specified in the Lease Agreement
- Provide monitoring service with web access for your System
- If the homeowner moves, they may assign the agreement to the new homeowner
- At the end of the 20 year term, the homeowner may have the system removed at no cost, renew the agreement, or purchase the equipment at its fair market value
Contact The Solar Store today to learn more about the various financing options available for your solar installation.