Leaf Solar Power LLC and LightStream announced a strategic relationship to provide homeowners up to $100,000 in financing for residential solar power projects. The financing program will also offer a 25-year warranty as well as a 30% federal tax credit and additional incentives.
The partnership supports the Leaf Solar Power Loan Program in the U.S., expanding the financing options available to people with good credit who are interested in owning high-efficiency Leaf Solar Power systems. Under the program borrowers may apply for an unsecured, fixed rate LightStream loan to install a Leaf Solar Power system.
“LightStream will start to support consumers interested in Leaf Solar Power’s high performance solar systems,” said LightStream Todd Nelson, Business Development Officer. “We stand behind families and communities that choose to maximize their savings and minimize their carbon footprint. We back those efforts by offering streamlined financing that requires no appraisals and no fees. We have an entirely online process where people complete a simple form and may have their approval - and funds in their bank account - often as soon as the day they apply.”
LightStream financing enables Leaf Solar Power to expand its residential loan program to allow more U.S. homeowners to own efficient and reliable solar technology. According to Leaf Solar Power, in some cases loan payments may be equal or less than a homeowner’s current utility bill. Once the loan is paid off, the homeowner will own a system that can produce clean electricity for the life of the system. They may also benefit from increased home value as a result of the solar system on the roof.