Any solar panel/home improvement/equipment lenders on here?
Hello fellow investors and lenders...
Do you know of any banks, credit unions, or private lenders offering financing for solar panels (or other home improvement projects)?
I work in solar energy sales, and I'm looking for additional lenders to send clients to.
For any private lenders interested in getting into solar loans... these are solid loan products. We have a few preferred lenders currently who offer varying secured and unsecured loans with terms from 1-25 years. Par rates without paying large upfront fees/points are similar to HELOC rates (prime +/- 1-2%). This is better than you'll get right now in a high yield savings account and safer than lending on a fix and flip in my opinion.
If you're interested in discussing further, or if you know of a bank/credit union/lender offering this type of financing in DC, Maryland or Virginia, please let me know or comment below!