Residential Solar Financing in San Francisco

In San Francisco 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 Francisco and throughout California, SunLender can be counted on as your go-to provider.

Residential Solar Financing in San Francisco

Residential Solar Financing in San Francisco

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 San Francisco 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 Francisco.

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™

  • 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.

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 San Francisco 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 Francisco, 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

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 Francisco

San Francisco, “The City by the Bay,” encompasses a land area of about 46.9 square miles on the northern end of the San Francisco Peninsula, giving it a density of about 18,187 people per square mile. It is the most densely settled large city (population greater than 200,000) in California and the second-most densely populated major city in the United States after New York City. San Francisco is the fourth-most populous city in California, after Los Angeles, San Diego and San Jose, and the 14th-most populous city in the United States—with a Census-estimated 2014 population of 852,469. The city and its surroundings are known as the San Francisco Bay Area, part of the San Jose-San Francisco-Oakland combined statistical area, the fifth most populous in the nation with an estimated population of 8.6 million.

Climate

Known affectionately as “Fog City,” San Francisco actually sees some 300 days of sunshine annually and over the course of a year averages about 8 hours of sunshine per day.  Since it is surrounded on three sides by water, San Francisco’s weather is strongly influenced by the cool currents of the Pacific Ocean, which moderate temperature swings and produce a remarkably mild year-round climate with little seasonal temperature. Among major U.S. cities, San Francisco has the coolest daily mean, maximum, and minimum temperatures for June, July, and August. During the summer, rising hot air in California’s interior valleys creates a low pressure area that draws winds from the North Pacific High through the Golden Gate, which creates the city’s characteristic cool winds and fog. The fog is less pronounced in eastern neighborhoods and during the late summer and early fall, which is the warmest time of the year

Households

Of all major cities in the United States, San Francisco has the second-highest percentage of residents with a college degree, behind only Seattle. More than 44% of adults within the city limits have a bachelor’s or higher degree. Studies have shown that San Francisco had the highest rate of college graduates per square mile, at 7,031 per square mile, or more than 344,000 total graduates in the city’s 46.7 square miles.

The last Census reported that 780,971 people (97.0% of the population) lived in households, 18,902 (2.3%) lived in non-institutionalized group quarters, and 5,362 (0.7%) were institutionalized. There were 345,811 households, out of which 63,577 (18.4%) had children under the age of 18 living in them. There were 151,029 families (43.7% of all households); the average family size was 3.11. There were 376,942 housing units, at an average density of 1,625.5 per square mile of which 123,646 (35.8%) were owner-occupied, and 222,165 (64.2%) were occupied by renters. The homeowner vacancy rate was 2.3%; the rental vacancy rate was 5.4%. 327,985 people (40.7% of the population) lived in owner-occupied housing units and 452,986 people (56.3%) lived in rental housing units.

Solar Energy

San Francisco was designated by the U.S. Department of Energy (DOE) on June 20, 2007, as a Solar America City. San Francisco was making relatively significant progress promoting and enabling solar prior to receiving assistance through the Solar America Cities partnership. At the time of the designation, San Francisco benefited from:

  • 2001 voter-approved $100 million bond initiative to pay for solar systems, energy efficiency improvements, and wind turbines for public facilities
  • 2002 Electricity Resource Plan with ambitious goals, including 50 megawatts (MW) of renewable energy capacity by 2012 with 31 MW provided by solar
  • Priority permitting for solar installations instituted in 2004, with updated streamlined procedures adopted in 2007
  • 2004 Climate Action Plan goal to reduce overall greenhouse gas emissions to 20% below 1990 levels by the year 2012
  • San Francisco Solar Task Force established in 2007 to develop policy recommendations to accelerate the number of solar installations on residential and commercial rooftops in the city
  • Three municipal solar installations with 1.2 MW capacity, including the 675 kilowatt (kW) system on the Moscone Convention Center, which was the largest municipal installation in the country at the time
  • More than 500 residential and commercial solar installations with approximately 1.8 MW in capacity.

San Francisco has very good solar resource potential. San Francisco’s clearest weather is during cooler months in the spring, fall, and winter, meaning that the solar cells remain cool and operate more efficiently than in hotter climates.

Solar Financial Incentives in San Francisco

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

GoSolarSF, San Francisco’s Local Incentive Program

The GoSolarSF Program offers financial incentives to residents, businesses, and non-profits within the City of San Francisco for installing grid-tied solar photovoltaic energy systems. To be eligible for the GoSolarSF incentive, installers must be a GoSolarSF certified installer by participating in the City’s workforce development program. Incentive payments are tied to individual electric meters, meaning that buildings with more than one meter or applicants owning more than one property are eligible for more than one incentive payment.

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 San Francisco

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.

Solar in Action in San Francisco

San Francisco’s Challenges and Successes on the Path toward a Solar-Powered Community

Solar PV System Growth in San Francisco

Marketed as green energy for the 99 percent, third-party-owned solar has transformed California’s residential solar industry in the past seven years. By paying monthly for the use of a photovoltaic system (or through a power-purchase agreement for just the power it produces), homeowners who are environmentally conscious, but short an extra $20,000 or so – can now make use of all those rays that hit their roofs for little or no up-front cost.

Since 2007, when power-purchase agreements began being offered in San Francisco to Bay Area residents, affordable financing, falling panel prices and government subsidies have become attractive enough to make the once unapproachable dream of rooftop solar realities to California’s average homeowner.

As owners of the arrays, the company reaps federal, state and, in some counties including San Francisco, municipal tax rebates and credits, and can write off the depreciation of equipment. As a result, it recoups a significant portion of each system from the get-go. For example, the California Solar Initiative rebates for Bay Area installations pay 20 cents per watt – roughly $1,000 for the average-size system.

Leasing of Solar Power Systems in san Francisco is also attractive as it represents a long-term service of not having to worry about upkeep, maintenance and insurance for 20 years. There is a lot of value to that as the homeowner gets the savings without having to worry about the whole process.

An increasing number of homeowners across California seem to be actively pursuing residential solar power systems. Of the residential photovoltaic project applications received this year by the state solar rebate program, 74 percent (nearly 20,000 homes) were for third-party-owned systems. That number is up from 54 percent of the applications last year and a mere 7 percent in 2007, the year the leases became available.

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.

*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.

Calculating California Cities’ Solar Installations and Generation Capacity

This report documents the number of grid-connected solar electric systems installed in California and their total electric generation capacity on a city-by-city basis. It focuses on solar photovoltaic installations that by and large are owned by ratepayers or third-party financing companies, as opposed to an electric utility, and are located on or near buildings throughout the state.

The report compiles solar energy installation data from the California Energy Commission, California Public Utilities Commission, the California Center for Sustainable Energy, and the state’s private and public utilities. The data represent the most recent available information from each source at the time of data collection, covering a time period through no later than the close of August 2011. For more details, see the Methodology section.

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