Skyline Energy is providing the Industry’s First 2.99% Solar Financing in Coachella Valley

CORONA, Calif. - July 13, 2013 - PRLog -- If you are a current home owner in the Coachella valley and are looking to go solar, Skyline Energycan provide you with a low cost Solarfinancing up to $55,000. This financing also includes the 12-18months same as cash financing that you can combine with a 12 year low interest financing. 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. Skyline Energy hopes to offer Ygrene PACE funding to the residents of Coachella valley this fall when it becomes available.

For the average Coachella valley 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 the valley 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

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