Thursday, April 5, 2012

SolarCity Moves Into Home Energy Efficiency Loans | Solar Energy ...

Here?s the bad news: , around $40 out of every $100 you?re spending to heat and cool your home is lost to duct and air leakage alone. The good news is that the company has launched a new loan program designed to make energy efficient home improvement affordable to one and all.

Having seen success with a similar financing program for home solar power systemswhich actually allows homeowners the ability to pay less for solar electricity than they pay for utility power aims to reduce or eliminate the upfront costs of energy efficiency upgrades with this new loan program. SolarCity offers, as you might imagine, a comprehensive onsite home energy evaluation designed to diagnose where energy is being wasted in your home, as well as a range of upgrades designed to lower your energy costs while improving your indoor air quality and general comfort.

By making energy-saving measures more accessible and affordable, were doing for energy efficiency what weve done for solar power,said Lyndon Rive, CEO of SolarCity, in a statement.

SolarCity and currently has 5,000 efficiency projects completed or underway in Arizona, California, Colorado, Oregon and Texas. The company is now extending its energy efficiency services to its East Coast service areas in Connecticut, Maryland, Massachusetts, New Jersey, New York and Washington, D.C. (The company also works with a range of local energy efficiency loan programssuch as to help them take advantage of available rebates.)

Financing for SolarCity?s new program comes courtesy of , a federal savings bank headquartered in Boston, with a history of home improvement lending. More information on the program is available via SolarCity?s .

Read More: SolarCity Moves Into Home Energy Efficiency Loans via

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