SunBug keeps relationships with multiple financing partners to provide our customers with the best solution for their specific situation. Key factors in selecting a solar loan include quality and reputation of lender, borrowing limit, upfront financing costs, length of loan, and interest rates over loan term.
The Mass Solar Loan was launched by the Massachusetts Clean Energy Center and the Department of Energy Resources to enable Massachusetts residents to go solar. This financing program offers a low-interest, fixed-term loan as well as loan support for income-qualified solar owners.
Sungage Financial is a solar-specific lender with superior customer service, founded to bridge the gap between homeowners, installers and financial institutions. The company connects homeowners with consumer-friendly financing options that make it easy to save money and go solar. They offer unique SREC purchase options that could allow you to incorporate the value of your future SRECs into your initial loan.
Admirals Bank is a Boston and Providence based federally-chartered financial institution with over 25 years of experience offering HUD’s FHA Title I Home Improvement loan. Admirals Alternatives, a renewable energy lending division of Admirals Bank, offers financing options for residential renewable energy systems aimed to help borrowers own, rather than lease, their solar systems.
GreenSky Trade Credit is a leader in the consumer finance marketplace with a specialty in providing support services to the home improvement and retail credit industries.
EnerBank, a highly specialized bank founded in 2002 and headquartered in Salt Lake City, offers unsecured home improvement lending through strategic partners and independent home improvement contractors across the U.S. This option is only available if your system uses SunPower panels.
Solar Mosaic is a marketplace, not a bank, that connects investors who believe in clean energy to borrowers, like yourself, so that you can go solar while saving money. Mosaic is unique in offering crowd-sourced, peer-to-peer solar lending solutions.
SunBug can help you get pre-qualified for any of these products in minutes, so please let us know which loan offer interests you.
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