Residential Solar Financing in Sacramento

In Sacramento and throughout California, the West Coast 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 Financing in Sacramento and throughout California, SunLender can be counted on as your go-to provider.

Residential Solar Financing in SacramentoSince 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 Sacramento and America

The SunLender Lease and Loan programs are offered to approved Solar Power System Installers in Arizona, California and Hawaii. The SunLender Loan solar financing program is also currently available in Oregon, Michigan, Minnesota, North Carolina, South Carolina, Texas and Washington

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 Sacramento.

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 the Sacramento area, or California, or you have a West Coast 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 Sacramento, 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 40 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

Sacramento

Sacramento, the capital city of California, is known as “America’s Most Diverse City,” “Sacto,” “River City” and The City of Trees.” Its motto: “Urbs Indomita” means “Indomitable City.” Located at the confluence of the Sacramento River and the American River in the northern portion of California’s expansive Central Valley, Sacramento’s  2014 population of 475,122 made it the sixth-largest city in California. Sacramento is the cultural and economic core of the Sacramento metropolitan area, which includes seven counties with a 2010 population of 2,414,783. Its metropolitan area is the fourth largest in California after the Greater Los Angeles, the San Francisco Bay Area and the San Diego metropolitan area.

Sacramento covers an area of 100.1 square miles, with 97.81% of it land, and 2.19% of it water. As much of the land to the west of the city (in Yolo County) is permanently reserved for a vast flood control basin (the Yolo Bypass), due to the city’s historical vulnerability to floods. the greater metropolitan area sprawls only four miles west of downtown, but 30 miles northeast and east, into the Sierra Nevada foothills, and 10 miles to the south into valley farmland.

Climate

Sacramento has a Mediterranean climate, characterized by damp to wet, mild winters and hot, dry summers. The wet season is generally October through April, though there may be a day or two of light rainfall in June or September. The foggiest months are December and January. Known as Tule fog, it can be extremely dense, lowering visibility to less than 100 feet   and making driving conditions extremely hazardous. Chilling Tule fog events have been known to last for several consecutive days or weeks. During Tule fog events, temperatures do not exceed 50 degrees.

On average, there are 73 days where the high exceeds 90 °F, and 14 days where the high exceeds 100 °F. On the other extreme, there are 15 days where the temperature does not exceed 50 °F and 15 freezing nights per year.

Sacramento has been noted as being the sunniest location on the planet for three months of the year, from July through September. It holds the distinction as the sunniest month, in terms of percent possible sunshine, of anywhere in the world; July in Sacramento averages 14 hours and 12 minutes of sunshine per day, amounting to approximately 98% of possible sunshine.

Households

As of the 2010 census, there were 174,624 households in Sacramento, out of which 57,870 (33.1%) had children under the age of 18 living in them. 53,342 households (30.5%) were made up of individuals and 14,926 (8.5%) had someone living alone who was 65 years of age or older. The average household size was 2.62. There were 103,730 families (59.4% of all households); the average family size was 3.37.

There were 190,911 housing units at an average density of 1,907.1 per square mile, of which 86,271 (49.4%) were owner-occupied, and 88,353 (50.6%) were occupied by renters. The homeowner vacancy rate was 2.8%; the rental vacancy rate was 8.3%. 231,593 people (49.6% of the population) lived in owner-occupied housing units and 226,581 people (48.6%) lived in rental housing units.

Solar Energy

Sacramento – a Solar America City

The City of Sacramento was designated by the U.S. Department of Energy (DOE) on March 28, 2008, as a Solar America City. Sacramento is dedicated to clean, renewable energy and sustainability, and the region has a long standing history of commitment to solar. The city is home to the Sacramento Municipal Utility District (SMUD), a forerunner in the development of photovoltaic (PV) applications.

When it received its Solar America City designation, Sacramento had a relatively high number of solar installations, with close to 350 PV systems installed within the city limits with a capacity of 3,026 kilowatts (kW), and 1,190 PV systems with a total capacity of 10,559 kW within the larger SMUD service area (covering Sacramento County and a portion of Placer County in the region).

The city’s municipal operations had a 30-kW PV system on the Joe Serna Jr. / CalEPA Building, a 2-kW PV system at the city zoo, and numerous solar-powered parking meter kiosks and traffic sign flasher systems. Other major solar installations within city limits include state-owned buildings such as the East End Complex with 160 kW and the California Exposition Center with a 540-kW, ground-mounted array that doubles as parking lot shading.

Former Governor Arnold Schwarzenegger set a goal to install 3,000 megawatts (MW) of PV in California by 2017. Proportional to population, this would make the city’s share of the PV goal approximately 40 MW. To achieve this ambitious goal, approximately $30 million per year needs to be invested in PV within the City of Sacramento. As a major landowner, employer, building manager, fleet operator, utility owner and operator, and zoning and permitting authority, the city can be a key partner in enabling SMUD to achieve its share of California’s solar installation goal.

The City of Sacramento identified several barriers to creating a robust solar market, including a lack of consumer information about the benefits of solar, and how to incorporate solar at both new construction and remodeling stages; real and perceived conflicts within existing city codes and policies that discourage solar, along with concerns about the solar permitting process being too expensive and too time consuming; high initial costs and a lack of financing for solar projects; and a lack of understanding of existing solar-related business opportunities and job training.

Addressing these core issues became crucial elements of Sacramento’s Solar America Cities strategy and required a high level of collaboration.

The City of Sacramento joined forces with multiple partners to help it reach its goals. Partners included the following:

  • SMUD: A community-owned electric utility governed by a seven-member board of directors
  • CleanStart: An initiative of the Sacramento Area Regional Technology Alliance designed to accelerate the development of clean technology ventures within the greater Sacramento region
  • Sacramento Tree Foundation: A nonprofit organization working to grow healthy, livable communities in the Sacramento region by planting, protecting, and teaching about trees
  • Valley Vision / Green Capital Alliance: A collaborative planning and research organization that is dedicated to securing the social, environmental, and economic health of the Sacramento region
  • Build It Green: A membership-supported, nonprofit organization whose mission is to promote healthy, energy- and resource-efficient homes in California; the city has an ongoing collaboration with several jurisdictions in the development of green building policies and has partnered with Build It Green to form a Sacramento-based Public Agency Council to provide an ongoing regional forum.

Also, the Clean/Green Technology Incentive Zone (highlighted in this brochure) is part of a larger regional scope being executed by the Partnership for Prosperity, a collaboration between the Sacramento Area Commerce & Trade Organization, the Sacramento Metro Chamber, and Valley

Vision.

City of Sacramento Solar Project

The City of Sacramento, the capital city of the state that leads the nation in solar power, has made a significant commitment to solar energy and will partner in new solar power projects through a Power Purchase Agreement (PPA) and the City will only pay for the power produced at a rate that is expected to be lower than electricity from the grid.

Not only does the City benefit from immediate and long-term energy savings and the associated carbon dioxide emissions, but the solar projects also helped create some 250 local construction jobs.

The 3.4 MW project includes six City locations: City Hall, Police Department, Meadowview Service Center, South Corporation Yard, and the Fairbairn and Sacramento Water Treatment Plants. The systems are expected to produce about 4.2 million kWh the first year, which is roughly equivalent to the electricity used to power 400 homes.

After the first four projects began in 2011, Sacramento City Council voted to add to the latest project and approved a second phase. Phase II added another 1.5 MW at the Fairbairn and Sacramento Water Treatment Plants and was completed in 2012.

Solar Financial Incentives in Sacramento

For your Residential Solar Financing in Sacramento, the SunLender programs can save you money while ensuring that the process is easy for you. In addition the money you can save with SunLender, Solar Power Systems installed in Sacramento can save homeowners money through several other programs.

Sacramento Municipal Utility District Shines

The Sacramento Municipal Utility District is in the business of building the market for solar power. “We are constantly looking for new business models to help build the market for solar power,” said Jon Bertolino, superintendent of renewable generation. SMUD has had a solar pricing program since 1997 and adopted a renewable portfolio standard before the state mandate. It beat its 12 percent 2006 RPS by almost 1 percent.

SMUD, the sixth largest public power utility in the country with 590,000 customers and a July 2006 peak of 3,300 MW, owns and operates 5 MW of grid-connected photovoltaic systems, including six utility-scale arrays totaling 3.5 MW and a handful of projects sized over 100 kW that total 1 MW. The utility also operates a smattering of installations of less than 100 kW each, spread out on rooftops, parking structures, airports and customer businesses. Another 6 MW of customer-owned, grid-connected projects also exist in SMUD ’s service territory.

Like most California utilities, SMUD offers incentives to purchase and install PV equipment. Residential, commercial and industrial customers can opt to buy down the initial cost of the investment or sign up for a performance-based incentive under a five-year or 10-year term. Both programs are equal in monetary value, although the up-front incentive is more popular. The utility has also worked with every city in the county to waive temporarily solar installation permit fees and speed up the approval process. This year, the utility introduced California’s first program aimed at helping customers who are interested in photovoltaic systems, but cannot install them at their own homes or businesses. The utility has awarded a contract for construction of a new, 1-MW solar array from which it will purchase and resell output at a discount to program participants. “This means any SMUD customer, including renters or occupants of multi-unit buildings, can be a solar energy owner regardless of where they live and without committing thousands of dollars to buy their own PV panels.”

SolarShares participants will be treated as “virtual” net metering customers. All solar customers net meter. Under the new program, customer bills will have two line items. The first is a fixed fee for the right to the energy determined by a customer’s energy usage and ranges between $5 and $30 per month. The fixed fee will be discounted to reflect the buy-down incentive SMUD offers for PV system purchases, but not the federal investment tax credit, since SMUD has no control over that. The other line item is a credit that will vary from month to month, depending on each customer’s “solar profile;” it is discounted compared to what SMUD will pay for output from the plant. Participants will get credit for the energy attributed to them, minus what is returned to them at night when the sun is not up. Bertolino said it is rare for solar net metering customers to have an excess at the annual true-up, but when they do, they are paid the retail rate for their class. The only exception is industrial customers, who do not get the payment since net metering is meant to offset customer needs, not to pay for solar farming.

Last year, SMUD introduced the SolarSmart New Homes program. It is already “the number one solar new construction program in the nation,” Bertolino said. It aggressively combines a range of energy efficiency measures with a 2-kW solar system built directly into new houses. SMUD offers developers an incentive to buy down about $6,000 of the cost of the package. Customers can reduce their electric bills by up to 60 percent. Several hundred SolarSmart houses have been built and commitments are on the books for another 4,000 houses, representing about 8 MW. Under the $3.3 billion California Solar Initiative, which is separate from the state ’s 20 percent by 2020 renewable portfolio standard, each utility creates its own fund by adding a surcharge for every kWh it sells. SMUD will use part of what it collects to pay for the SolarShares program, with proceeds used to make up the difference between what SMUD pays for the solar power and the discounted rate it charges participants. SmartHomes is also funded by the California Solar Initiative.

This year, SMUD is mulling feed-in tariffs, which allow small renewable systems to sell power to utilities. These tariffs are credited for Germany’s exploding solar industry. California already has a few, but those in place have not been popular and the concept was not included in the California Solar Initiative. Bertolino said staff members intend to propose a feed-in tariff to the board as an alternative or compliment to its traditional incentive/net-metering program. It would target larger remote or alternatively owned systems. He hopes it will be in place by next year. Existing electric distribution systems are not designed to accommodate numerous intermittent generating units and can operate only with a photovoltaic penetration of up to 15 percent “without negative effects,” said the Electric Power Research Institute. Therefore, much of SMUD’s new photovoltaic capacity is going up in new developments. Although the utility’s renewable portfolio goal for 2011 is 23 percent, Bertolino said SMUD is not facing any imminent operational issues due to photovoltaic penetration.

SMUD is also negotiating in partnership with other utilities for one or more large concentrating solar plants in the Southwest and evaluating possible sites in Sacramento. The utility’s solar program will help it meet its 136-MW share of the California Solar Initiative ’s statewide, 10-year 3,000-MW goal for power from photovoltaic systems, Bertolino said. “Year one has seen a lot of activity. But we are not a solar company. We provide incentives. It is up to the industry to come in with products and prices to make the market grow. ” Other solar-friendly best practices can be found under the “resources” tab at the California Solar Energy Association’s Web site,calseia.org/Home/.

California leads the way for solar generation

California is far and away the nation’s leader in the solar industry. According to the state’s website, there are more than 242,000 solar projects throughout the state with 2,279 megawatts installed. Los Angeles leads with 238 megawatts, and San Diego comes in second with 182 megawatts. According to the Solar Energy Industries Association, the next leading states are:

  • Arizona
  • North Carolina
  • Massachusetts
  • New Jersey
  • Hawaii
  • Georgia
  • Texas
  • New York

Go Solar California, State Rebate Program

As part of California’s $3.3 billion “Million Solar Roofs Program,” the Go Solar California! campaign has a goal to install 3,000 megawatts (MW) of new solar electricity capacity on homes and businesses by the end of 2016, making renewable energy an everyday reality.

California Solar Initiative (CSI): The California Solar Initiative is managed by PG&E in San Francisco and will provide incentives through 2016 for existing residential homes and existing and new commercial, industrial, and agricultural properties. For more information about the current incentive levels, please visit the CSI Rebate Tracker.

Single Family Affordable Solar Housing Program (SASH): Managed by the non-profit solar organization, GRID Alternatives, this program offers incentives to eligible low income households.

New Solar Housing Partnership (NSHP): Managed by the California Energy Commission, the New Solar Homes Partnership (NSHP) will provide $400 million worth of incentives through 2016 to encourage solar in new residential construction.

Multifamily Affordable Solar Housing Program (MASH): Building owners can install solar PV systems to offset energy used in common areas and utilize virtual net metering (VMN) to offset tenant loads. (*Please note, the incentive budget for the PG&E territory has been fully spent. Customers may still be added to a waitlist for funds as they become available.

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.

Business Energy Investment Tax Credit: Businesses installing new solar PV and solar water heating systems are eligible for this 30 percent tax credit. Download IRS Form 3468.

Modified Accelerated Cost-Recovery System (MACRS) + Bonus Depreciation.

Under the federal Modified Accelerated Cost-Recovery System (MACRS), businesses may recover renewable energy investments through depreciation deductions. For more information visit the US Department of Energy’s DSIRE website.

Additional Programs for Financial Incentives for Solar PV in Sacramento

Federal ITC

The Federal Government provides tax credits for businesses that invest in renewable energy.

Residential Renewable Energy Tax Credit

The Federal Government provides tax credits for residential renewable energy

California Solar Initiative

The State of California created the California Solar Initiative to promote solar energy in the state.

California’s Solar Market is Thriving

According to a report by Environment California. California’s solar market is thriving. Ten years ago, solar panels atop roofs were a rarity. Today, solar is taking hold in cities across California, from coastal metropolises such as San Francisco, to agricultural and industrial hubs in the Central Valley. In the past two years alone, the solar industry has installed more than 5,000 kilowatts of solar power in each of 10 different California cities.

Solar energy makes sense for California. Each new solar panel helps to clean our air, fight global warming, improve the reliability of our electricity grid, boost the economy, and create much-needed jobs.

California has just begun to tap into the vast potential of solar energy. Governments, utilities and the public should continue to work together toward a clean energy future.

Solar cities are the heart of California’s thriving solar market.

  • San Diego leads all California cities in terms of the number of solar installations on residential, commercial and government buildings, with more than 4,500 projects installed. San Diego also leads the state in terms of overall solar generation capacity, with nearly 37 megawatts (MW). If San Diego were a nation unto itself, it would rank among the top 25 nations in the world in terms of solar capacity, with more solar power than the entire nation of Mexico.
    •    Los Angeles ranks second, with more than 4,000 solar installations adding up to more than 36 MW of power generation capacity.
    •    San Jose ranks third, with more than 2,700 solar installations and 31 MW of solar electric generation capacity.
    •    In addition, San Francisco, Fresno, Bakersfield, Santa Rosa, Roseville, Clovis, Sacramento and Oakland all have more than 1,000 solar installations. In terms of generation capacity, Fresno, San Francisco, Bakersfield, Sacramento, and Santa Rosa all have more than 10 MW installed.

California’s solar market is geographically diverse. Solar installations are taking hold from coastal urban centers to mountain communities to towns in the Central Valley

  • Among cities with at least 50,000 residents, Santa Cruz, Clovis, Rocklin, Davis, Watsonville, and Roseville have the most solar installations per resident. Chico, Woodland, Rancho Cordova, Livermore, and Petaluma have the most solar generation capacity per resident.
    •    Among large towns, with between 10,000 and 50,000 residents, Sonoma (Sonoma County), Grass Valley (Nevada County) and Auburn (Placer County) have the most solar installations per resident. Sonoma, Auburn and Oroville (Butte County) lead in terms of solar capacity per resident.
    •    Solar has reached its greatest penetration per capita in the northern Bay Area, the Sierra foothills, and the Central Valley. The small towns of Sebastopol (Sonoma County), Newcastle (Placer County), and Nevada City (Nevada County) lead the state in terms of number of solar installations per resident. Herald (Sacramento County), Edwards Air Force Base (Kern County), and Lebec (Kern County) lead the state in terms of solar capacity per capita.

Despite the development of thriving solar markets in cities across the state, California has only just begun to capture its tremendous potential for solar power.

  • The National Renewable Energy Laboratory estimates that the state could host more than 80,000 MW of rooftop solar in total – enough to generate more than a third as much electricity as California uses in a year.
    •    California has installed more than 1,000 MW of solar capacity on residential and commercial rooftops. Despite this substantial progress, vast potential remains to be developed.

California should continue to build the strength of its solar energy market.

Key steps include:

  • Ensure that the Million Solar Roofs Initiative reaches its goal by the end of 2016.
    •    Increase the use of solar energy systems in new construction by requiring all new homes to include solar power or other on-site renewable electricity generation by no later than 2020, and all new non-residential buildings by no later than 2030, through a net-zero energy building code requirement.
    •    Adopt a strong feed-in-tariff policy to encourage solar power installation on warehouses, parking lots and other sites with low on-site energy demands but high levels of sunshine.
    •    Maintain or enhance the incentive value of net metering and lift the cap on its use to allow all California ratepayers to benefit from going solar.
    •    Remove barriers to installing solar energy systems at the local and state levels by streamlining interconnection and permitting.
    •    Finally, California should continue to set ambitious clean energy goals – such as Governor Jerry Brown’s goal of installing 12,000 MW of distributed electricity generation in California by 2020 – and adopt innovative policies to achieve them.

To take advantage of Residential Solar PV Systems for your home or your 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