Residential Solar Financing in San Diego

In San Diego, “America’s Finest City,” 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 San Diego and throughout California, SunLender can be counted on as your go-to provider.

San DiegoSince 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 San Diego 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 San Diego.

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

SunLender designed to provide Solar Power System Installers with the cash flow

If your company is based in the San Diego 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 San Diego, 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

San Diego

San Diego, nicknamed, America’s Finest City,” has adopted the slogan: Semper Vigilans (Latin for “Ever Vigilant.” San Diego is a major city in Southern California on the coast of the Pacific Ocean, and is located approximately 120 miles south of Los Angeles and immediately adjacent to the border with Mexico.

With an estimated population of 1,381,069 as of mid-July, 2014, San Diego is the eighth-largest city in the United States and second-largest city in California, in terms of population. San Diego has been called by the American Historical Society: “the birthplace of California, San Diego is known for its mild year-round climate, natural deep-water harbor, extensive beaches, long association with the U.S. Navy, and recent emergence as a healthcare and biotechnology development center.

San Diego has a total area of 372.4 sq mi, of which 47.21 sq mi (12.68%) is water.

The city lies on approximately 200 deep canyons and hills separating its mesas, creating small pockets of natural open space scattered throughout the city and giving it a hilly geography. Traditionally, San Diegans have built their homes and businesses on the mesas, while leaving the urban canyons relatively wild. Thus, the canyons give parts of the city a segmented feel, creating gaps between otherwise proximate neighborhoods and contributing to a low-density, car-centered environment. The San Diego River runs through the middle of San Diego from east to west, creating a river valley which serves to divide the city into northern and southern segments. Several reservoirs and Mission Trails Regional Park also lie between and separate developed areas of the city.

Notable peaks within the city limits include Cowles Mountain, the highest point in the city at 1,591 feet, Black Mountain at 1,558 feet and Mount Soledad at 824 feet. The Cuymaca Mountains and Laguna Mountains rise to the east of the city, and beyond the mountains are desert areas. Numerous farms are found in the valleys northeast and southeast of the city.

In its 2013 ParkScore ranking, The Trust for Public Land reported that San Diego had the ninth-best park system among the 50 most populous U.S. cities. ParkScore ranks city park systems by a formula that analyzes acreage, access, and service and investment.

Climate

San Diego has a subtropical Mediterranean climate with an average of 301 days of sunshine and an annual mean temperature of 60.5 °F. It lies inland, surrounded on three sides by mountains, and does not front the Pacific Ocean as does San Francisco. Because of this, the city is somewhat more sheltered from rain, giving it a semiarid feel with a mean annual rainfall of 15.82 in. compared to some other parts of the Bay Area, which can receive about three times that amount.

Households

The most recent study reported that San Diego had a population of 1,381,069 distributed over a land area of 372.1 square miles. The urban area of San Diego extends beyond the administrative city limits and had a total population of 2,956,746, making it the third-largest urban area in the state, after that of the Los Angeles metropolitan area and the San Francisco metropolitan area.

Recent Census figures show an increased population in San Diego, of about 7% from the 1,223,400 people, 450,691 households, and 271,315 families reported in 2000. The population density is 3,771.9 people per square mile. In 2000 there were 451,126 households out of which 30.2% had children under the age of 18 living with them. Households made up of individuals account for 28.0% and 7.4% had someone living alone who was 65 years of age or older. The average household size was 2.61 and the average family size was 3.30.

The U.S. Census Bureau reported that in 2000, 24.0% of San Diego residents were under 18 and 10.5% were 65 and over. The median age was 32 and two-thirds of the population was under 35.

The city of San Diego recognizes 52 individual areas as Community Planning Areas. Within a given planning area there may be several distinct neighborhoods. Altogether the city contains more than 100 identified neighborhoods.

Solar Energy

City of San Diego Solar Energy Implementation Plan

A government report on energy states that the sustainability of the region requires an energy infrastructure that is diversified, reliable, and as self-contained as possible. The City of San Diego is California’s second largest city and is the eighth largest in the nation. Between 1990 and 2004, the City’s population increased by 16% to nearly 1.3 million residents. During that same time, the energy used in the residential sector increased nearly 45%, the commercial sector by nearly 108%, and the industrial sector by 2%. According to the San Diego Association of Governments (SANDAG) regional growth forecast, regional population is expected to increase by almost one million people (32 percent), four hundred thousand housing units (26 percent), and add nearly half a million jobs (32 percent) by 2030, which will increase demand for energy.

San Diego has a choice. It can face a crisis of unsustainable resource use or follow an energy strategy for a sustainable future. San Diego chooses the latter, and has a plan for 100 MW clean energy capacity by achieving a 50 megawatt (MW) increase in renewable energy use by 2013 and by implementing energy efficiency measures that reduce consumption by 50 MW by 2020. The focus of this report will be on increasing the use of solar power within the City. This is one component of a comprehensive City Energy Strategy.

Approximately two-thirds of the electric power used in the San Diego region is currently generated by coal-fired (12 percent) and natural gas-fired (53 percent) combustion sources. The power is imported along existing transmission lines or is generated by local power plants. Virtually all of the local power generation sources burn natural gas. The price of natural gas has nearly tripled since 2002, and remains highly volatile. The high price of natural gas has made renewable energy sources more-cost effective when compared to natural gas-fired power generation sources.

In 2006, Governor Schwarzenegger signed into law Senate Bill 1, an amended version of the “Million Solar Roofs” program. The upgraded program is entitled “California Solar Initiative” (CSI). CSI has provided incentives for commercial PV applications up to one megawatt (MW) as well as residential systems. CSI relies on $3.35 billion in incentives to add 3,000 MW of rooftop PV in California by 2017. It is anticipated that approximately 300 MW of PV will be added in the San Diego area as a result of this solar legislation. As stated in a recent report entitled “San Diego Smart Energy 2020” (Bill Powers and Associates), a core element is to add over 2,000 MW of PV locally by 2020.

California has also implemented comprehensive energy policies affecting residents, the economy, and the environment, including landmark legislation to address global climate change, adoption of a preferred loading order (Table One) for meeting new energy needs and addressing climate change, and recommendations from the state to integrate energy considerations into land use and transportation planning. As a result, the state, through agencies like the California Public Utility Commission (CPUC) and Energy Commission and utilities like SDG&E has significant authority over electricity and natural gas end uses (e.g., space and water heating) in the San Diego region. In addition, local governments have significant energy-related authorities through their role in areas like land use planning, transportation planning and funding, and building permitting.

The City has made significant strides to increase energy efficiency and to use renewable energy. In fact, in 2009, the City of San Diego had more solar energy generation than any other city in the nation.

The existing energy infrastructure for transmission and distribution is rapidly reaching the end of its useful life. The decisions the city makes in addressing these challenges define the nature of its energy infrastructure needs for decades.

Rooftop solar applications surpass 150,000 in California

According to the California Solar Statistics website, the number of California roofs generating power from the sun has eclipsed 150,000, with a total generating capacity of 1,560 megawatts — about equivalent to three typical coal-fired power plants.

Los Angeles County now leads the state in the amount of rooftop generating capacity, with 171.4 megawatts of rooftop solar installed. San Diego and Santa Clara counties come in second and third, at 141 and 110 megawatts respectively.

San Jose leads California cities in total rooftop solar capacity, at 59.4 megawatts, a 21-megawatt jump since summer 2012.

The stats are compiled from data on rooftop solar arrays hooked up to the electrical grid through Pacific Gas & Electric (PG&E), Southern California Edison (SCE), and arrays outside those utilities’ service areas financed by the California Center for Sustainable Energy and GRID Alternatives. That means that rooftop solar in areas served by other utilities such as the Los Angeles Department of Water and Power or the Imperial Irrigation District may not even be included in these totals.

Nonetheless, it’s a hopeful benchmark, and its passing didn’t go unnoticed by solar advocates. “150,000 rooftop solar installations is clear evidence that Californians want clean renewable energy generation to keep expanding,” said Evan Gillespie of the Sierra Club’s My Generation campaign. “As California enters its summer season of high electricity demand, the energy generated from rooftop solar is providing more and more of the peak power that we need to avoid potential blackouts. With San Onofre Nuclear Generating Station shut down, these new solar installations will play a crucial role in the months ahead.”

Gillespie did warn that the state’s growth in rooftop solar isn’t without obstacles, citing utility opposition to expanded net metering and feed-in tariff programs. “Unfortunately, all indications are that utilities would like to limit or even reverse the growth of rooftop solar in order to protect their business model based on bloated dirty fuel projects,” he said. “From helping to keep the lights on to putting Californians back to work, rooftop solar provides so many benefits to the state. This is the time to move forward, not backwards.”

One entire San Diego Community was Powered by Solar

For a few hours in May, an entire community used only solar energy in what may be a first according to officials at San Diego Gas and Electric. All the electricity delivered to Borrego Springs during a nine-hour period last month came from a nearby solar energy plant.

This happened on May 21 during a planned maintenance on the utility’s power grid. All 2,800 customers in the desert community were switched over to the 26-megawatt Borrego solar facility. The microgrid is connected to the central energy grid, but can function independently during emergencies

Solar Financial Incentives in San Diego

For your Residential Solar Financing in San Diego, 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 San Diego can save homeowners money through several other programs.

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.

 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 San Diego

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.

The California Solar Initiative (CSI) is the solar rebate program in California for customers of the investor-owned utilities: Pacific Gas and Electric, Southern California Edison and San Diego Gas & Electric. Through CSI, the California Public Utilities Commission is providing $2.1 billion to businesses, nonprofit organizations, public agencies and homeowners to help lower their energy costs, reduce their reliance on fossil fuels and create a sustainable energy future through the use of solar technologies.

The CSI Program is directly administered by each investor-owned utility, with the exception of SDG&E, whose CSI program is administered by CSE.

 

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, Santa Rosa 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.

*All solar capacity figures in this report are presented in terms of alternating current watts, measured under California Energy Commission PTC test conditions, unless otherwise noted.

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