Sugar Hollow Solar taps state energy fund to launch North Carolina lending program
Sugar Hollow Solar is partnering with the North Carolina Clean Energy Fund (NCCEF) to launch a solar lending program. This partnership aims to make solar energy accessible and affordable for more North Carolinians by offering financing solutions with below-market rates and no dealer fees.
The North Carolina Clean Energy Fund operates on the “Green Bank” model, successfully pioneered in other states, with a mission to accelerate investment in clean energy solutions and increase climate resilience in North Carolina, particularly benefiting underserved populations. This collaboration between Sugar Hollow Solar and NCCEF marks the launch of a new solar lending program designed to help homeowners and landlords overcome financial barriers to adopting solar energy.
“We are excited to launch our solar lending program with our first partner, Sugar Hollow Solar,” said Michelle Myers, Program Manager with NCCEF. “Our financing has no dealer fee, transparent terms, and is available for people with the ability to make the monthly payments, regardless of credit score, allowing more people to take advantage of incentives like the federal tax credit and Duke’s PowerPair program.”
Sugar Hollow Solar is the first vetted solar installer partner for the NCCEF’s solar lending program.
“We are thrilled to partner with the North Carolina Clean Energy Fund,” said Clary Franko, COO of Sugar Hollow Solar. “This program will make solar energy accessible to many who may have previously thought it was out of reach due to high upfront costs. Now our customers can lock in fixed monthly payments, stabilize their household expenses against rising utility rates, make a smart financial investment, and do good for the environment.”
The new solar lending program offers flexible terms and the ability to re-amortize loans more than once, allowing customers to take advantage of rebates like the Duke PowerPair program worth up to $9,000 and tax credits like the ITC to lower their payments further. NCCEF financing can be used for rooftop or ground-mounted residential solar projects, battery backup systems, and EV chargers.
News item from Sugar Hollow Solar