Solar and battery storage loan
Borrow for a personal solar or home battery-storage project, with a filing against the equipment rather than a mortgage on your home.
Tämän rahoitusmahdollisuuden kuvaus on toistaiseksi englanniksi.
EastRise provides loans for solar projects, battery storage or both. You borrow money for the project and repay the loan through monthly payments; your actual payment is disclosed when the loan closes.
For five, ten or fifteen years, you can borrow $10,000–$90,000. The 20-year option starts at $20,000 and has the same $90,000 maximum. The current table lists minimum annual percentage rates (APRs) of 5.95%, 6.25%, 7.50% and 8.00% respectively. Your rate can change with your credit standing and chosen term.
EastRise files a UCC Fixture Filing against the solar and related equipment: a recorded claim on that equipment which appears in a property title search. The loan is not a second mortgage and is not secured by your home.
Eligibility
This is the personal solar and battery-storage loan. EastRise advertises its Green Loans across the Northeast through its partnership with the Northeast Sustainable Energy Association (NESEA).
You can apply before becoming an EastRise member. Through the NESEA route, apply for the loan first; once approved, join NESEA and complete the EastRise membership application. Membership is required to complete the loan application after pre-approval.
Loan terms depend on your credit standing and the term you choose.
How to apply
- Tila
- Jatkuva haku
- Hakukierroksen ehdot
- Loan approval and EastRise membership are required; nonmembers can apply first through the NESEA route.[^c6][^c7]
Use “Apply now” on the EastRise solar-loan page. Existing EastRise members can log into online or mobile banking to pre-fill their information. For help with the loan, call 802.871.3471 or email greenlending@eastrise.com.
If applying through NESEA as a new member, follow the sequence of loan application, NESEA membership after approval, then EastRise membership.