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Finance Product Details

METRO's Solar Loan Program
Lender: METRO's Solar Loan Program
Product Description
Metro's Solar Loan Program offer low-interest loans for qualifying homeowners to finance solar projects on their property with no money down. The loan is offered by San Diego Metropolitan Community Credit Union.
Miscellaneous Information
A 3% one-time fee is charged to the contractor at the close of the loan.
Verified by Lender on: 9/1/2016 0
The data provided is for informational purposes only. For actual loan terms specific to borrowers, contact the lender directly.
Property Types
Sponsor:
Financing Type
Secured
Financing & Payment Information
Rate (APR):
4.99% - 7.99%
Term (years):
12, 15, 20 years
Minimum Amount:
$2,000
Maximum Amount:
$55,000
Fees:
One-time fees
Down Pmt. Required:
No
Re-pmt. Method:
Off-bill loan (Direct to Lender)
Pmt Frequency:
Monthly
Pre-pmt Penalty:
No
Allowable Projects
Funds Water Efficiency projects
Funds Renewable Energy projects
Other Program Requirements
Contractors
Must be program-approved
Financing Approval Time
Immediate- Preliminary
Equity in Property Needed
No

Other Products By This Lender

Lender: San Diego Metropolitan Credit Union