Could 13 (Renewables Now) – US monetary expertise agency PowerPay, a supplier of client lending for residence enhancements and elective healthcare, this week stated it’s branching into financing for residential photo voltaic amid continued quickly rising demand for sustainable power.
The corporate’s photo voltaic financing programme will present 20-year and 25-year loans of as much as USD 100,000 (EUR 96,000) with charges beginning at 2.99%. Moreover photo voltaic panels, financing may cowl batteries, mills, roofing and all set up prices.
PowerPay co-founder David Haas stated the corporate sees potential to construct photo voltaic right into a multibillion vertical.
“Lots of our current residence enchancment purchasers already supply photo voltaic and have been anxious for us to roll out this program. The market is big and rising,” commented Haas.
PowerPay says it offers client financing companies to greater than 8,000 contractors and has processed USD 1 billion in loans since its creation in 2020.
(USD 1 = EUR 0.961)