Solar Services
Solar Panels
Offer PowerPay financing for any residential solar or battery project up to $100K
Roofing
Offer PowerPay financing for any roofing, solar or battery project up to $100K
Batteries
Offer PowerPay financing for any residential battery project.
Solar Paneling Financing for Providers
Not too long ago, solar paneling was considered a luxury for homeowners who could afford to invest in green energy. However, with the ever-growing popularity of solar technology and mounting evidence of its environmental benefits, solar is becoming more and more mainstream. This shift has led to an increase in demand for solar installations, putting pressure on contractors to keep up. One way to meet this challenge is by securing financing for your projects. In this blog post, we’ll explore some of the options available to you.
What are the benefits of offering PowerPay financing?
Today, consumers only purchase what they can afford. Adding solar panel financing as a payment option for your business can help you attract new customers and grow your business.
PowerPay specializes in solar specific loans with no hidden fees to help your customers get more affordable projects. PowerPay Solar financing customers can get solar panels installed on their home with no upfront cost. Additionally, PowerPay offers concierge services to help make the loan process easier for both you and your customers.
How it works
Enrollment is quick & easy! Once enrolled, training will be provided for you and your team and you can begin offering financing to your customers. As a resource PowerPay offers QR codes and mobile links for your website, marketing assistance, printed guides, excellent customer service, and on-demand assistance for any loan.
Using a simple digital application consumers can apply quickly for a loan and receive a near-instant decision. Once decisioned, the system will guide you through the loan selection, signing, & funding process. We have a team standing by from 8 am – Midnight (EST) everyday to help you.
For solar providers new to consumer financing or who do not have the resources to manage the loan process, we offer a Concierge Service. It’s our white glove service that offers Providers instant and on-call access to their own personal finance manager who will manage the entire process for you! Learn about Concierge.
Introducing Concierge
Our newest service, PowerPay Concierge, was developed to help our Providers maximize their consumer financing program. Having worked with over thousands of Providers, we took the most effective techniques and built a team that handles all aspects of a loan process.
This premium program is available to our Providers that don’t have a finance team but know the value and importance of consumer financing.
Learn more today!
50%
of Americans have less than $600 in savings.
75%
of dealers report financing increases their average sale.
91%
of borrowers feel that financing allows them to make a larger purchase.
What are solar panels?
Solar panels are devices that capture sunlight and convert it into solar energy, which can be used to generate electricity or heat. Solar panels are usually mounted on roofs, but they can also be installed on the ground or on other structures.
What is solar financing?
Solar financing is a way for customers to pay for solar panels over time, usually through a loan or lease. Solar financing can make solar panels more affordable for customers who might not be able to pay the full cost upfront.
There are several reasons why a customer might need solar financing. Solar panels can be expensive, and solar financing can help customers pay for them over time. Solar financing can also make it easier for customers to get solar panels installed on their home.
What is the typical cost of solar paneling a home?
The typical cost of solar paneling a home is between $15,000 and $30,000. These costs can be intimidating for consumers — for this reason, it is important for you, as a business owner or contractor, to consider offering solar panel financing to your customers. It can help make the installation process more seamless, as well as reaching a broader scope of clients through increased affordability.
What are some solar financing options?
There are a variety of solar financing options available for homeowners interested in solar panel installation. Some common solar financing options include:
- Solar leases: A solar lease is an agreement between a homeowner and a solar company. The solar company agrees to install and maintain the solar panels on the homeowner’s property. The homeowner agrees to pay a monthly fee for the use of the solar panels.
- Solar power purchase agreements: A solar power purchase agreement (PPA) is an agreement between a homeowner and a solar company. The solar company agrees to install and maintain the solar panels on the homeowner’s property. The homeowner agrees to pay for the electricity generated by the solar panels at a fixed rate.
- Solar loans: A solar loan is a loan that is used to finance the cost of solar panel installation. Solar loans can be obtained from banks, credit unions, and other financial institutions.
- Government incentives: There are a variety of government incentives available for homeowners interested in installing solar panels. These incentives can help offset the cost of installation and make solar energy more affordable.