SunWize offers homeowners a solar finance program enabling you to purchase a solar system for your home. The financing program effectively overcomes one of the biggest barriers to the widespread adoption of solar: the upfront cost of the system. With this solar finance program, SunWize is now offering California and Oregon homeowners a higher level of flexibility, convenience, and affordability when going solar.
Available to SunWize’s residential customers in California and Oregon upon approved credit, the program offers an unsecured, same-as-cash loan of up to $45,000 for solar installations. With no principal payments or interest for up to 12 months, the financing provides homeowners sufficient time to realize the 30-percent federal tax credit for residential solar energy systems and apply it toward the loan.*
In addition to offering one of the highest limit solar loans in the market, the program gives homeowners a year without payments and interest to realize the savings of their system and receive their tax credit. Unlike many other programs, funds are readily available with applications taken over the phone and credit decisions typically made in minutes.
The Energy Improvement and Extension Act of 2008 entitles buyers of residential solar electric systems to a tax credit of up to 30-percent of the net installation cost. While a substantial incentive, most homeowners will not realize the tax savings until 2010, when they file their 2009 taxes. SunWize customers who participate in the residential solar financing program have up to 12 months without payments or interest accruing, during which they can realize the tax credit and apply it toward the loan.* At the end of the year, homeowners can either pay off the loan in full or convert it to a fixed interest installment loan.
The financing program is administered by Lyon Financial Services, a leader in home improvement loans and funded by EnerBank USA. Homeowners interested in learning more about the new financing program offered by SunWize should call 866-436-7353.
* Homeowners should consult with a tax professional to understand how the solar credit applies to their specific tax situation.

By offering competitive financing, SunWize can help you minimize or eliminate up front costs.
Homeowner Data Sheet and Checklist (PDF)
Residential Credit Application Form (PDF)