Solar Financing

Solar Financing

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Harness the Power of the Sun and Save

Greenpenny Residential Solar Financing

Swap your monthly utility bill for a monthly solar payment.

  • By installing solar, you can claim a 30% Federal Tax Credit. Consult your tax advisor.
  • The immediate reduction in monthly electricity spending is usually enough to cover all, or most, of the solar loan payment.
  • Get a free quote from one of our solar experts for an accurate comparison.

Residential Solar Program Details

  • Multiple loan and term options.
  • Finance up to 100% with no money down.
  • Fixed interest rates – built-in protection from an increase in payment costs.
  • No prepayment penalty.
  • No hassle, automatic payments available through a qualifying deposit account.
  • Get pre-approved with greenpenny so you know how much to borrow.
  • Approval is valid for 120 days. Arrange financing now and schedule your project with confidence!

Greenpenny's Process

Greenpenny’s financing process from application to funding can be completed very quickly – in as few as 5
business days. Or, if an applicant needs additional time, pre-approvals are good for 120 days, following date
of application.

Application

Completed online or over the phone, set aside 10-15 minutes

Review and Decision

Greenpenny contacts applicants within 24 business hours

Document Submission

Including applicant identity and income verification; submit within 120 days

Loan Closing

Close on one or both loans in minutes

Funds Delivered

Borrower receives funds within 1-3 business days following closing

1st Payment Due

Up to 45 days following loan closing; timing is determined by borrower

Why Midwest Solar Installers partners with Greenpenny?

  • Powered by Decorah Bank & Trust, a family- and employee-owned community bank founded in 1960
  • Financed hundreds of solar projects over 20+ years in lending for renewable energy
  • Virtual, carbon-neutral bank headquartered in Decorah, Iowa
  • Focused on renewable energy lending in Iowa, Illinois, Minnesota, Missouri & Wisconsin
  • Deposits only fund clean energy and carbon-reducing projects
  • Located in a community with one of the highest solar adoption rates/capita in the US
  • Speed, responsiveness & transparency
  • Flexible, project-specific underwriting
  • Committed to economic benefit for all involved
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Sungage Financial

How can Sungage Financial help you capture the financial benefits of solar?

  • Low, fixed rates for terms from 5 to 25 years
  • Up to $200,000 in financing
  • The most consumer-friendly treatment of state and federal solar tax credits
  • Fast and simple mobile-responsive process
  • Instant credit decisions with soft credit inquiry throughout the process
  • A reputation for live answer customer service excellence and efficient follow-up
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Contact

Head Office

915 Technology Parkway
Cedar Falls, Iowa 50613

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