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Mercury Solar Systems, one of the leading solar integrator in the East Coast, today announced that it is offering its customers SunPower ‘Solar Now Same-As-Cash “program, a fast, easy way to have a high efficiency solar power systems. Since the initial launch of the program in mid-July, approximately $ 3.0 million in loans approved for house owners in New York, New Jersey and Connecticut, to purchase SunPower residential solar systems through Mercury Solar Systems.
“Solar Now is a fast, easy way to enjoy the financial and environmental benefits of owning a solar system without the upfront capital expenditures,” said Jared Haines, President of Mercury Solar Systems, a major agent of SunPower. “The owner can defer payments until 18 months until they receive their federal tax returns, while the emission-free solar energy and produce immediate savings of their electricity bills. If they live in areas where local or state solar incentives are scheduled to decline coming months, they can profits from the Solar takes now to lock their eligibility to their advantage. ”
SunPower has partnered with the United States EnerBank to offer Solar Now program, which provides loans up to $ 45,000, through selected SunPower dealers across the U.S. Under this program, qualified homeowners do not make principal payments and pay no interest until 18 months, the receive free basic electricity for a period of time. There is no registration fee or pre-payment penalty. With a loan without a paper-by-phone application process, the resulting credit decision within approximately 10 minutes.
Ken Edwards, a homeowner in Greenwich, Conn., said, “Solar Now program, along with the Connecticut Clean Energy Fund cut diesel prices and 30 percent federal tax credit, open a window of opportunity to achieve a rapid payback on investment of our solar system. It’s a win-win for us, economic and energy independence. EnerBank United States makes the process very easy loan, and our high-efficiency SunPower system maximizes the amount of net power generated in the roof of our house every day. ”
“Compared with solar leasing program is available from other companies, SunPower loan program offers significant tax advantages and the opportunity to easily transfer the solar system – and value – when you sell your house,” said SunPower Chief Marketing Officer in January Soderstrom. “Why spend so many years to pay for basic system, when you can enjoy the benefits of the current ownership? The time for the sun now.”
