Skyline Energy partners with aleo solar to Provide the Industry’s First 2.9% Financing

CORONA, Calif. - June 16, 2013 - PRLog -- Skyline Energy, one of the California’s fastest growing renewable energy intigrator, today announced its partnership with aleo solar to provide low interest loans for residential solar power systems in Southern California. As opposed to a solar lease and PPA’s, what has become a typical financing method offered in the market, homeowners now have the opportunity to own their solar power system and keep the Federal tax credits and utility rebates with a modest 12-year loan at a low 2.99% interest rate.

“Skyline Energy also offers others type of financing such as Property Accesed Clean Energy (PACE) loans, PPA’s and leases, and we find the aleo solar loan is the most cost effective for Californians," said Rob Srinivas, founder and president of Skyline Energy.

For the average Southern California residential customer, the new financing option translates into a low monthly payment with no down payment required. The aleo solar loan has a total project cost that is less than half the amount of a typical solar lease and PPA's according to Robert Srinivas.

To qualify for the new loan, homeowner applicants must have a credit score of 640 or above and be serviced by Southern California Edison or San Diego Gas & Electric. Equity in the home is not required for approval.

“We are proud to be partnered with a world renowned company such as aleo solar, and offer the best financial options available to our clients,” said Robert Srinivas “This financing is a major game changer for Southern California residents who want to go solar with no money down.”

For additional details on the newest solar industry financing, homeowners may call 951.543.7555