Residential Solar Financing in Nevada

xNEVADAIn Nevada, “The Silver State”, and throughout the West Coast, Southwest, Mountain West and the Sunbelt states, Renewable Asset Management Company, LLC and SunLender™ provide residential solar financing directly through a network of leading Solar Power System (photovoltaic system) Installation companies. For Residential Solar throughout Nevada, SunLender can be counted on as your go-to provider.

SunLender serves all of Nevada and has special programs for cities including:

Carson City

Henderson,

Las Vegas

North Las Vegas

Paradise

Reno

Sparks,

and throughout Clark County

Call Mike Thompson for information on the Solar Financing programs that serve YOUR community.
(855) 630-0869 ext. 104
email: mthompson@sunlender.com

Or visit:

http://sunlender.com/sunlender/ for information on SunLender’s Solar Financing programs.

Since 2011, the SunLender program has allowed Solar Power Installers to provide solar financing to their residential solar customers with a 20-year operating lease or a 10-year or 15-year loan. And Renewable Asset Management Company (RAMCO) is a proven leader in renewable energy financing, and in conjunction with affiliated companies have offered a variety of commercial and residential solar financing programs since 2008.

Residential Solar Financing in Nevada and America

The SunLender Lease and Loan programs are offered to approved Solar Power System Installers in Nevada, California, Arizona and Hawaii. The SunLender Loan solar financing program is also currently available in  Alabama, Colorado, Delaware, Florida, Illinois, Louisiana, Maryland,  Michigan, Minnesota, Montana, North Carolina, New Mexico, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, Washington and Wisconsin.

Do you want to do what’s best for your customers?

We can save your customers up to an additional $13K on a typical $20K solar system.

Since our lease term is 20 years instead of 25, with the same or lower monthly payment as other financing programs, we can generate significant savings to your customers just by financing with SunLender.

  • Same System
  • Same Monthly Payment
  • Same Utility Savings
  • Less Total Cost

Contact SunLender for your Residential Solar Financing in Nevada.

Do the right thing for your customers.
Call SunLender today.

Call Mike Thompson to secure
the shortest term for your customers:
(855) 630-0869 ext. 104
email: mthompson@sunlender.com

The SunLender Difference:

SunLender™ Residential
Solar Financing

  • Lease – The SunLender Lease is a 20-year term operating lease with zero or 2.9% escalator for financing the purchase and installation of a solar power system for your home. SunLender owns the system and provides a 20-year “worry-free” solar system that will save your family money.
  • Loan – The SunLender Loan is a term loan for financing the purchase and installation of a solar power system for your home with term of up to 15 years. Installing a solar power system is equivalent to pre-paying power, at less than what you currently pay. Once installed, a solar power system requires little or no maintenance and will provide electricity cleanly and quietly using the renewable energy of the sun.

SunLender Plus™

  • Energy Efficiency Financing – Our Signature Loan program allows you to purchase and install energy efficiency products that reduce the overall amount of energy your home uses. If you use less energy, you not only save money, but you also do not need to offset as much energy, and therefore you do not need as large of a solar system. Our Installer partners can show you how to lower your energy usage with energy efficiency products, before you decide to generate power with a solar system – ensuring that you get the right size solar system for your home.
  • Signature Loan – The Signature Loan is a secured term loan for financing the purchase and installation of energy-efficiency products for your home with a term up to 7 years.

SunLender Pro™

  • Our finance foundation has been built on strong, seasoned and trusting relationships that have grown from our solid financing reputation. We have expanded our commercial financing program to address demand for commercial financing energy projects through our simplified, convenient step-by-step process that funds your light-scale commercial projects.

Commercial Solar Financing

Loan – The SunLender Pro Loan is a term loan for financing the purchase and installation of a solar power system for your business with a term up to 10 years.

We are looking for quality Installers in select markets

With SunLender, You Get:

  • Cash Flow – Installer job/construction financing through SunLender provides Solar Power System Installers with needed cash as early as customer credit approval.
  • Ease of Use – The SunLender proprietary solar proposal platform is comprehensive, uncomplicated and makes closing sales easy.
  • Less Red Tape – SunLender financing requires significantly less administrative burden than other financial programs in the solar market
  • Immediate Credit Approval – With SunLender, Solar Power System Installers can offer conditional financing approval to Homeowners in minutes.
  • Total Solution – SunLender is a complete in-house one-stop solar financing program, from originations and funding to servicing, and operations and maintenance.
  • Experience – 41-year financing foundation providing Installers and their customers unique credit programs, and financing renewables since 2008

Contact us to Demo the Program and see how SunLender can help you grow your business.

Available Programs:

SunLender™ Zero Down
Solar Lease

SunLender™ Zero Down
Solar Loan

SunLender Plus™ Energy Efficiency Signature Loan

Contact Mike Thompson by email: mthompson@sunlender.com,
or phone: (855) 630-0869 ext. 104

If your company is based in Nevada, or you have a West Coast, Southwest, Mountain West or Sunbelt client-base or solar system to install, the SunLender program is uniquely designed to provide Solar Power System Installers with the cash flow they need to grow. For your Residential Solar Financing in Nevada, the SunLender enhanced program allows Installers to leverage the partnerships, connections and network of RAMCO, and now provides interim project financing through the Pro Power Green™ Construction Financing program, allowing Installers to get paid faster and fund growth without typical construction cash-flow constraints inherent to other finance programs and Funds. The SunLender program is tailored to help Installers grow their business and increase their sales.

The SunLender portal provides a single-source quoting platform that offers Solar Power System Installers the ability to quote Homeowners a solar loan and a solar lease within the same proposal, in approved states, thereby allowing the consumer to choose the financing product best suited to their needs; and providing Installers the tools and financing options to close more deals.

SunLender Solar Lease or Loan makes it easy to Reduce Energy Costs

Step 1 Request a free solar home evaluation

Step 2 — Fill out credit app to see how much you can save

Step 3 — Have your solar system designed and installed

Step 4 — Harvest renewable sunlight and start saving

Start the process online today.

Or Call Mike Thompson to reduce energy costs for your customers:
(855) 630-0869 ext. 104

email: mthompson@sunlender.com

About

Why SunLender?

SunLender was created top benefit Solar Power System Installers and Homeowners

Demand for electricity is steadily increasing causing household electricity bills to skyrocket.

A homeowner’s cost control of electricity is unknown. A Solar Power System allows a homeowner to set a fixed cost and drive savings for years to come. SunLender is committed to providing property owners with a simplified solar financing solution, giving you the choice of either a lease or a loan. Our network of leading Installers can draw up custom plans to match your toughest roof requirements, resulting in a system tailor-made for your home for zero out-of-pocket expense.

The SunLender program was developed for Solar Power System Installers.

Solar Installers across the country don’t always have the resources to find financing for customers, or the capital to provide it themselves.

For the last 42 years, we have been working with the building trades financing distributors and Installers as well as consumer home improvement projects.  We understand your business, we understand that you have to present solutions to your customers, and we have designed our finance program to specifically address your needs. Our Installer partners can reap the benefits of our industry-specific experience, connections and network.

Integrated Portal – Our pre-qualifying quote system lets Installers and homeowners know immediately if they pre-qualify for a lease or loan. This proprietary solar proposal platform enables Installers to present professional sales proposals to residential customers. The proposal offers several financing options as well as graphic representation of their solar investment.

  • Quick Quote Ability – We are focused on helping you sell more and streamlining that process with our sales tools.  The Quick Quote tool allows Installers to model a variety of products and pricing with a minimum of input, which can easily be converted to a sales proposal.
  • Easy Proposal to Signature Process – Not only do we provide financing, but we also directly service all of our consumer leases and loans.  We are a one-stop-shop and are able to serve both you the installer and your homeowner customers more effectively.
  • We can finance more than just PV – We are a finance company, not just a solar finance company.  We do not limit you to only finance solar solutions. We keep up with our Installers to provide financing for energy management solutions.

More efficient than other programs – When you offer multiple residential solar finance solutions you can tailor your sales pitch to your customer’s needs and close more deals.  With one approval you can offer your customer:

  • SunLender™ Zero Down Solar Lease – The homeowner leases the solar PV equipment and makes a low monthly payment for the length of the contract term.
  • SunLender™ Zero Down Solar Loan – A fully amortized loan that provides a low monthly payment and path to ownership. The homeowner keeps the rebates and tax credits and increases the value of their home.
  • SunLender Plus™ Energy Efficiency Signature Loan – An unsecured loan that provides financing for energy efficiency solutions and can be approved simultaneously with a solar lease or loan.

Program tailored to Installer’s business – we only partner with the best and we trust our Installers

  • Easier program management – We developed our process given our 40-year experience working with the building trades.  Financing is a solution, but it should not overly burden your organization.
  • Faster payment – Experience gives us the insight to know that sales are important, but Cash Flow is more important.  Our program is tailored to help you grow your business and increase your origination.
  • Cash Flow – Interim Jobs/Construction financing provided by ProPower Construction allows you to grow sales and perpetuate deal flow.
  • Program is set up to scale with growth – Using online systems and tools, we are built for growth and have the ability to scale with you.

For Homeowners who want to go green, while saving green … SunLender is here to help you install and save

Every home is unique. There is no ‘one size fits all’ solar residential finance solution out there, contrary to what much of the industry might say. That’s why we offer both a lease and a loan – so that your Installer can design the best system, with the best financing, with the longest warranty, for the best price, guaranteed. Your family has unique needs and we want to provide the right solution for you. We have designed residential solar financing solutions that require little or no money down, and have positive impact to your monthly cash flow.

Our Installer partners can show you how your new solar power system will pay for itself right away, by funding the monthly financing payment with the savings from your electricity bill. By combining federal and local rebates and incentives and using our innovative financing solutions, you can install a solar power system that will save you tens of thousands of dollars over its life, without requiring cash outlays at the time of installation!

Why SunLender?

  • Flexible Financing with little to no money down.
  • Rent or Own your equipment – the choice is yours.
  • Do the right thing! – Replace dirty grid power with clean renewable energy and save your family money.
  • Increase the value of your home – The Department of Energy completed a study in April 2011 that concluded a home seller who invested in solar panels could expect to capture a premium of $18,600-$23,870 versus comparable homes without solar panels,

Available programs:

SunLender

Loan or lease

$0 Down

Zero-Down Loan or Lease

No money up front, complete solar satisfaction.

Loan or Lease

You decide what is best for you

Clear comparison in the same proposal.

Worry Free

Extended Warranty for Peace of mind

24/7 system monitoring is comprehensive.

Easy Process

Quick, Simple & thorough

Uncomplicated steps put solar in your home

Start the process today …

Begin online

Or Call Mike Thompson to reduce energy costs for your customers:
(855) 630-0869 ext. 104
email: mthompson@sunlender.com

Nevada

Nevada, “The Silver State,” is largely desert and semiarid, and much of it located within the Great Basin. Interestingly, the name “Nevada” comes from the Spanish Nevada meaning “snow-covered”, after the Sierra Nevada (“snow-covered mountain range”). Areas south of the Great Basin are located within the Mojave Desert, while Lake Tahoe and the Sierra Nevada range lie on the western edge. About 86 percent of the state’s land is managed by various jurisdictions of the U.S. Federal government, both civilian and military.  Nevada is the 35th most populous state in the United States and nearly three-quarters of Nevada’s residents live in Clark County, which contains the Las Vegas-Paradise metropolitan area, and where the state’s three largest incorporated cities are located. Nevada’s capital is Carson City, and Nevada is officially known as the “Silver State” due to the importance of silver to its history and economy. It is also known as the “Battle Born State”, because it achieved statehood during the Civil War; as the “Sagebrush State”, for the native plant of the same name and as the “Sage Hen State”

Climate

Nevada is the driest state in the United States. It is made up of mostly desert and semiarid climate regions; daytime summer temperatures sometimes may rise as high as 125 °F and nighttime winter temperatures may reach as low as −50 °F. While winters in northern Nevada are long and fairly cold, the winter season in the southern part of the state tends to be of short duration and mild. Most parts of Nevada receive scarce precipitation during the year. Most rain that falls in the state falls on the lee side (east and northeast slopes) of the Sierra Nevada.

The average annual rainfall per year is about 7 inches and Nevada is perfect for solar power and residential solar PV applications, as some Nevada cities see as many as 310 sunny days per year, compared to an average of 205 sunny days a year for all U.S. cities.

Households

According to the Census Bureau’s 2014 estimate, Nevada had an estimated population of 2,839,099 which is an increase of 48,963 from the prior year, and an increase of 138,548, or 5.13%, since 2010. Nearly 98 percent of Nevada’s population is in households, with more than 750,000 households in the state. Of those, 35.3 percent have children under 18 in them. The average size per household is 2.62 people and the average Nevada family size is 3.14 people.

Solar Energy

Nevada solar industry facts:

  • Nevada is where President Obama chose to publicly begin a renewed focus on clean energy and climate. Nevada has been dubbed the “Saudi Arabia of solar” and has recently shown the growth to prove it. Solar jobs in the state increased from 2,400 in 2013 to 5,900 in 2014, a 146 percent increase, according to the Solar Foundation.
  • On a per capita basis, sunny Nevada now has more solar jobs than any other state (though neighboring California’s solar industry is far bigger overall). And no wonder: It has vast solar potential. In 1999, one Energy Department scientist even calculated that covering 10,000 square miles of the desert north of here with solar panels could power the entire United States.
  • There are currently some 111 solar companies at work throughout the value chain in Nevada, employing those 5,900 people.
  • In 2014, Nevada installed 339 MW of solar electric capacity, ranking it 3rd nationally.
  • The 974 MW of solar energy currently installed in Nevada ranks the state fifth in the United States in installed solar capacity. There is enough solar energy installed in the state to power 150,000 homes.
  • In 2014, $569 million was invested on solar installations in Nevada.  This represents a 427% increase over the previous year, and is expected to grow again this year.
  • Installed solar photovoltaic system prices in the U.S. have dropped steadily — by 6% from last year and 53% from 2010.

Notable Solar Installations in Nevada

Copper Mountain 2 in Boulder City was completed in 2012.  This photovoltaic project has the capacity to generate 92 MW of electricity — enough to power more than 13,200 Nevada homes.

Another utility scale project, Copper Mountain 3, is currently under construction in Nevada and is scheduled to come online in 2015.

At 110 MW, Crescent Dunes Solar Energy Project in Nye County is among the largest solar installations in Nevada.  Completed in 2014, this concentrating solar power project has enough electric capacity to power more than 75,000 homes.

SEIA Nevada State Policy Priorities

  • Ensure future access to net metering for solar customers.
  • Expand DG opportunity through the Solar Generations program (implementation of AB 428).
  • Ensure fair and transparent rules for utility-scale solicitations (implementation of SB 123).
  • Increase the amount of solar in the state renewable portfolio standard.

Solar Companies in Nevada

There are currently about 111 solar companies at work throughout the value chain in Nevada.  These companies provide a wide variety of solar products and services ranging from solar system installations to the manufacturing of components used in photovoltaic panels.  These companies can be broken down across the following categories: 14 manufacturers, 6 manufacturing facilities, 60 contractor/installers, 11 project developers, 10 distributors and 16 engaged in other solar activities including financing, engineering and legal support.

Solar Panel Installations in Nevada

Nevada is ranked 5th in the U.S. in solar power capacity with 789 MW. This is enough power for approximately 120,000 homes.

Other Nevada solar power facts include:

  • A total of $569 million was infused in the state to allow for more solar installations in the residential, commercial, and utility markets in 2014 alone. This is an incredible 427% increase over 2013.
  • The state of Nevada added 339 MW of solar power in 2014. This ranked it 3rd for that year compared to other states.
  • Prices for solar PV (photovoltaic) systems in Nevada have come down 8% from 2013-2014.
  • About 111 solar companies exist in the state. They actively employ more than 5,900 people.

As costs have come down in the solar PV market, Nevada’s solar capacity has exploded in recent years. This is not surprising as the state receives bountiful sunshine making it an ideal location for the capture of solar energy.

Nevada has an aggressive Renewable Portfolio Standard in that it requires that, by 2025, it generates 25% of its energy from renewable sources. And 5% of that figure must come from solar power.

While almost all of the solar power capacity available in Nevada is generated at the utility scale, residential solar is about to increase rapidly. The savings the average homeowner would experience by installing solar panels is significant. Many Nevada residents pay hundreds of dollars per month for electricity during summer months when peak usage becomes very expensive.

There are only two major metropolitan areas in the state of Nevada; Las Vegas and Reno. The largest cities in these two areas include Las Vegas, Henderson, North Las Vegas, Reno, Sparks, and Carson City. There are approximately 59 solar contractors at work throughout the state.

Nevada Solar Rebates and Incentives

PACE Financing

Local Option – Special Improvement Districts

Performance-Based Incentive

Portfolio Energy Credits

Property Tax Incentive

Large Scale Renewable Energy Property Tax Abatement (Nevada State Office of Energy)

Property Tax Abatement for Green Buildings

Renewable Energy Systems Property Tax Exemption

Sales Tax Incentive

Renewable Energy Sales and Use Tax Abatement

State Loan Program

Revolving Loan Program

State Rebate Program

HomeFree Nevada Incentive Program

RenewableGenerations Rebate Program

Utility Loan Program

Valley Electric Association – Solar Water Heating Program

Utility Rebate Program

NV Energy (Northern Nevada Gas) – Residential Energy Efficiency Rebate Program

NV Energy (Northern Nevada Gas) – SureBet Business Energy Efficiency Rebate Program

NV Energy (Northern Nevada) – Solar Hot Water Incentive Program

NV Energy (Northern Nevada) – SureBet Business Energy Efficiency Rebate Program

NV Energy (Southern Nevada) – Energy Plus Builder Efficiency Program

NV Energy (Southern Nevada) – Residential Energy Efficiency Rebate Program

NV Energy (Southern Nevada) – Solar Hot Water Incentive Program

NV Energy (Southern Nevada) – SureBet Business Energy Efficiency Rebate Program

NV Energy -Energy Smart Schools Program

Southwest Gas Corporation – Commercial Energy Audit Program

Southwest Gas Corporation – Commercial Energy Efficient Equipment Rebate Program

Southwest Gas Corporation – Residential Energy Efficiency Rebate Program

Southwest Gas Corporation – Smarter Greener Better Solar Water Heating Program

Federal Tax Credits and Accelerated Depreciation

A 30 percent federal tax credit is offered for the installation of both residential and corporate solar energy systems. The tax credit is applied to the net cost after other rebates or grants have reduced the initial system cost. The current federal tax credit program is available through 2016.

Residential Renewable Energy Tax Credit: Homeowners installing new solar PV and solar water heating systems are eligible for his 30 percent tax credit. Download IRS Form 5695.

Residential Solar Energy System

Also known as a grid-connected photovoltaic system, a typical residential solar energy system is what will be discussed on this page.

One of the great things about PV systems is how simple they actually are. There are only a few components involved and the system is basically maintenance-free once it is installed.

While there are many different types and brands of products that are available that solar contractors use in their installations, the basic idea remains the same.

Basic Residential PV System Set Up

  1. A PV system starts with solar panels that are mounted to a roof using stainless steel mounting hardware and racks. The panels use the suns light to create DC (direct current) energy.
  2. Wiring takes the DC electricity to an inverter placed on the side of the house. The inverter converts the DC electricity to AC (alternating current) electricity that homes are wired to use.
  3. From the inverter, electricity is sent to the main breaker box. Energy is then sent to both your smart meter and the appliances in your home.
  4. Excess energy is sent to the grid. This energy powers homes nearby. The owner of the PV system gets credit for this extra energy through net metering.

SunLender serves all of Nevada and has special programs for cities including:

Carson City

Henderson,

Las Vegas

North Las Vegas

Paradise

Reno

Sparks,

And throughout Clark County

To take advantage of Residential Solar PV Systems for your home or your Nevada Solar PV customers’ homes … SunLender makes sense …

SunLender programs include:

SunLender™ Residential Solar Financing

  • Lease – The SunLender Lease is a 20-year term operating lease with zero or 2.9% escalator for financing the purchase and installation of a solar power system for your home.  SunLender owns the system and provides a 20-year “worry-free” solar system that will save your family money.
  • Loan – The SunLender Loan is a term loan for financing the purchase and installation of a solar power system for your home with term of up to 15 years. Installing a solar power system is equivalent to pre-paying power, at less than what you currently pay. Once installed, a solar power system requires little or no maintenance and will provide electricity cleanly and quietly using the renewable energy of the sun.

SunLender Plus™

  • Energy Efficiency Financing – Our Installer partners can show you how to “reduce” your energy usage with energy efficiency products, before you decide to “produce” with a solar system – ensuring that you get the right size system for your home. Our Signature Loan program allows you to purchase and install energy efficiency products that reduce the overall amount of energy your home uses.  If you use less energy, you not only save money, but you also do not need to offset as much energy, and therefore you do not need as large of a solar system. The Signature Loan is a secured term loan for financing the purchase and installation of energy efficiency products for your home with a term up to 7 years.

SunLender Pro™ Commercial Solar Financing

Our finance foundation has been built on strong, seasoned and trusting relationships that have grown from our solid financing reputation. We have expanded our commercial financing program to address demand for commercial financing energy projects through our simplified, convenient step-by-step process that funds your light-scale commercial projects. The SunLender Pro Loan is a term loan for financing the purchase and installation of a solar power system for your business with a term up to 15 years.

Pro Power Construction Interim Job Financing

One of the biggest challenges for Installers is cash flow during the construction phase of a project. Ramco/SunLender solves all that with ProPower Construction. Interim milestone payments are available to Installers from the beginning of a project. Greater Installer cash flow allows faster Installer growth and deal flow.

Start the process today, for your own home or for your customers’ homes …

Contact Mike Thompson by email: mthompson@sunlender.com,
or phone: (855) 630-0869 ext. 104