12-3 Flex Solar Financing

Your 12-3 Flex solar loan begins with a 12-month deferred payment period from the time your solar project is installed. We then give you three opportunities to adjust your monthly payments by paying down your loan balance. Those opportunities come at months 12, 24, and 36. You have a lot of flexibility in how to pay your 12-3 Flex loan all while keeping your low interest rate.

*Based on credit approval. Loans provided by EnerBank USA.

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No payments for 12 months

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Flexible repayment terms

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Low interest rate

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Three reamortizations

Highlights

$0 Down Payment
No payment required until 12 months following installation (deferred payment period)
Fixed rate term loan following deferred payment period
Any additional lump payments made between paydown opportunity dates will lower monthly payments
Lump payments are not required
If the entire loan principle amount is paid off before the end of the first 12 months, all interest will be waived
No prepayment penalty

Payment Timing

1 Solar system installed

12 months of deferred payments begins

2 1st Opportunity – 12 months

At end of 12-month deferred payment period. First monthly payments are based on paydown amount. Interest rate is fixed

3 2nd Opportunity – 24 months

12 months later. Paying loan balance down further will lower your monthly payment. Interest rate remains fixed.

4 3rd Opportunity – 36 months