Sullivan Solar Power launches low-interest loan for residential customers
Feb 25, 2013 - US solar system installer Sullivan Solar Power said Saturday it had formed a partnership with German photovoltaic (PV) technology producer Aleo Solar (ETR:AS1) to offer loans for solar system installations on residential property in Southern California.
The solar lease scheme enables homeowners to take advantage of a 12-year loan at a 2.99% interest rate. The Aleo Solar loans will allow Californian customers to install solar power systems by making low monthly payments with no down payment required.
All homeowner with a credit score of 640 or above who are customers of Southern California Edison or San Diego Gas & Electric are eligible to apply for the low-interest loans.