EnerBank USA recently proposed an independent contractor’s new loan terms. It is worth noting that this is a national consumer loan that offers many organizations favorable conditions for cooperation while waiting for exclusive discounts from local authorities. The new program includes various nuances with 12 monthly and 18 month non-cash payment periods. Thanks to it, many companies, contractors can feel the maximum flexibility when working with the installation of solar panels. It is worth noting that there are many ways to pay for a project and the ability to use Triple Option Loan.

What is the Best Solar Loan? - P.E.G. Solar

The loan terms and rates:

No payment PeriodAPRLoan Term
12-/18-Month4.99%12-Year
12-/18-Month4.99%20-Year
12-/18-Month4.99%15-Year
12-/18-Month5.99%15-Year

This loan option offers various options for using the no-payment period. If users of the loan manage to pay all payments for the accounting period in time, then they can count on the abolition of interest rates. The company also offers a system of various discounts and benefits for homeowners. According to Charlie Knadler, president and CEO of EnerBank, many solar contractors get a great option to solve many technical problems and improve their efficiency.

loans from family

Triple Option Loan allows for flexible lending and provides users with favorable conditions for obtaining financial incentives and the subsequent installation of solar panels. It is an opportunity for each contractor to improve the lending system and get the necessary financing at the start of the project.