BlueWave, a Boston-based Community Solar development and fintech company, announced the launch of its premier solar loan product to North Carolina and South Carolina.
BlueWave Home Solar Loan, a product that launched in conjunction with Avidia Bank earlier this year across Massachusetts, offers home solar customers a 12-month interest-only period at a 5.99 percent fixed rate for 10 years.
The loan provides more homeowners with the option to benefit from the economic and environmental benefits of solar energy at an affordable price, said BlueWave’s CEO, Trevor Hardy.
“Avidia Bank is pleased to provide the Carolina markets with an attractive financing product that helps individuals, families and businesses lower energy costs and improve their access to alternative energy sources in the form of solar power,” said Mark O’Connell, Avidia Bank’s president and CEO.
South Carolina offers households a 25 percent tax-credit for solar installation costs while investor-owned utilities now offer various incentives as part of respective DER programs.
Image courtesy: http://www.scsolarcouncil.org/
Rajani Baburajan