Solar energy costs specifically for the homeowner have been falling steadily for the past decade. However it still requires a significant investment for an individual to add enough of a solar power system to replace thier grid supply at some level.
Many solar energy companies are developing new ways for homeowners to do this without such a financial burden. Here is one such innovation from Sunnova.
Sunnova, has announced the expansion of its EZ Own Loan, allowing homeowners to own their solar power system with no out-of-pocket expenses for down payments or maintenance.
“The EZ Own Loan allows Sunnova to provide more homeowners with the option to choose solar and lower their electricity costs,” said Jordan Fruge, Chief Marketing Officer at Sunnova.
The loan offers customers the combined benefits of ownership and a power purchase agreement, providing the best of both options.
With the EZ Own Loan, customers can choose solar and start lowering their electricity bills with zero money down and low monthly payments. Consumers retain ownership over their solar system while Sunnova provides a comprehensive warranty package, including system maintenance, repairs and 24/7 monitoring to ensure stable and reliable power production.
Sunnova offers easy transfer services in the event of a sale of the home, making it a more flexible and convenient option compared to competing products on the market. Additionally, EZ Own customers can prepay balances, in total or partially, at any time without penalty or fees, and may also be eligible for the federal Investment Tax Credit (ITC).
“The solar revolution is here, and we want everyone to have the chance to join in,” said Sunnova’s Chief Executive Officer William J. (John) Berger.
The EZ Own Loan helps make that possible for many homeowners by providing peace of mind and more control over their electricity.
The EZ Own Loan will be offered through Sunnova’s network of local partners.
Where This Program For Residential Solar Is Available.
This program is currently available in Arizona, California, Connecticut, Florida, Hawaii, Massachusetts, Maryland, New Jersey, New Mexico, New York, South Carolina and Texas, with Solar Renewable Energy Certificates (SERCs) offerings in Maryland, New Jersey and Massachusetts.
About Gordon Smith Gordon's expertise in the area of industrial energy efficiency and alternative energy. He is an experienced electrical engineer with a Masters degree in Alternative Energy technology. He is the co-founder of several renewable energy media sites including Solar Thermal Magazine.