Sungevity has launched a new solution for homeowners to own their own rooftop solar systems in North Carolina. Whereas in other states solar leasing is an option, North Carolina law requires homeowners to own the source of renewable energy on their property.
In an effort to equip North Carolina residents with the ease and affordability of the Sungevity solar experience, the company has partnered with solar energy investment platform Mosaic to create a loan product specifically designed for state residents. The 20-year loan is structured to help residents take advantage of both the 35 percent state income tax credit and the 30 percent federal renewable tax credit for solar customers. The entire process is facilitated via Sungevity’s online platform, where North Carolina homeowners can access estimated energy savings specific to their homes via the company’s proprietary iQuote technology.
“Sungevity has always focused on making the solar experience simple and satisfying for our customers. That’s why we crafted a solution that allows North Carolina homeowners to experience the benefits of solar without the hassle or a high upfront payment,” said Andrew Birch, Sungevity’s chief executive officer. “Sungevity is proud to serve North Carolina as we continue to expand across the country to give more people a better choice in how they power their homes.”
According to Sungevity, its entry into the state also extends the company’s long-time partnership with North Carolina-based Lowe’s — where Sungevity solar solutions will be available to residents throughout Raleigh, Durham and Chapel Hill. Sungevity is also partnering with Sierra Club and CREDO in North Carolina, and for every installation purchased through these partners, Sungevity will also provide $750 to the respective organization as part of Sungevity.org, the company’s cause marketing initiative.