LightWave Solar is offering the Admirals Bank Solar Loan which allows homeowners to buy solar without a down payment!

 

This is a 5.5 kW system and costs about $25,000, the maximum loan amount.

Customers with a credit score of 650 or higher can receive the maximum loan amount of $25,000. The 30% federal tax credit can be used to pay down the principal amount of the loan.  In addition, the interest is tax-deductible.  

 

Let us model the loan for your solar project and show your monthly solar payments which are offset by energy savings.

 

Loan includes fixed rates, no prepayment penalties, and flexible terms up to 20 years (we recommend 10 years).  Contact us to get started, or click here for more information.

USDA's Rural Energy for America Program (REAP) grant for agricultural producers and small rural businesses covers up to 25% of the cost of a solar installation.  The local office is now accepting applications! 

 

By Seth Masia, Executive Director of ASES

 

In 1989, a power engineer for Pacific Gas & Electric Co. named Dan Shugar proved that distributed solar reduced the peak loads handled by transmission lines and transformers. This meant that a utility company could save a lot of money by encouraging small solar installations scattered around its service territory. When air conditioning loads are met in part by power generated in the neighborhood, it reduces the need for expensive new power lines from central generating plants. It even reduces the need for expensive new generating plants.

 

That's still true. The more distributed power comes on the grid, the less ratepayers must pay for new and upgraded facilities. A number of municipal utility districts (notably in Sacramento, Calif. and Austin, Texas) have made good use of distributed power to cut their maintenance and infrastructure costs. Austin utility calculates that the value of solar to its own operations is more than 12 cents per kilowatt-hour, and that's what it pays for rooftop power. The argument was so persuasive that over the years, 43 states have adopted net-metering rules to encourage distributed solar.