UMA Solar, distributor of the industry’s highest-performing solar technology nationwide, is partnering with Lyon Financial to offer a financing program that makes solar energy systems more accessible to consumers. With this new program, UMA Solar dealers nationwide will be able to offer a simple and effective way to be both environmentally responsible and economically affordable.
The program offers an unsecured, same-as-cash loan of up to $45,000 for solar systems installed by any of UMA Solar’s authorized dealers nationwide.
With no principal payments or interest for up to 18 months, this financing provides homeowners with sufficient time to realize the benefits of the existing 30 percent federal tax credit for the installation of residential solar energy systems, as well as the many state and local tax credits that may be available to certain homeowners.
"We are very happy to bring the program to our dealers nationwide," said Victor Eyal, Chief Executive Officer of UMA Solar. “Same-as-cash financing gives our dealers another tool to provide their customers with superior service. This program gives their customers up to 18 months without payments or interest to accrue their monthly utility savings from their solar systems and receive the benefit of the federal and/or state tax credits. This is another example of the advantage UMA Solar has over other solar companies. With this new financing for solar installations and rebates from government programs becoming widely available, we see this as a great opportunity for our dealers to grow their business and for their customers to get the financial assistance they need during these tough economic times.”
Customers of authorized UMA Solar dealers who qualify and participate in the same-as-cash solar financing program will have up to 18 months without payments or interest accruing. At the end of the period, the homeowner can either pay off the loan in full or convert it to a fixed interest installment loan. Individuals should consult with their own professional tax advisors concerning the available tax credits and their specific tax circumstances.
The financing program is administered by Lyon Financial Services, a leader in home improvement loans and funded by EnerBank USA. Electricians, plumbers, contractors and other dealers of solar products interested in learning about the new financing program should call (800) 262-1655, or visit http://www.sameascashloans.com.
About UMA Solar:
UMA Solar distributes the industry’s highest-performing technology for residential and commercial solar applications nationwide. UMA Solar features industry leaders such as MyGen by Kyocera photovoltaic (PV) solar electric equipment packages designed specifically for residential grid tied application; Solene Solar Water Heaters which reduce utility bills by 25-30%; and Heliocol, the world’s largest solar pool heating manufacturer. UMA Solar offers its products through its network of over 700 dealers nationwide. In addition, five distribution locations are strategically placed throughout the U.S. for convenient and continuous availability. For more information, call UMA Solar at 1-800-79-SOLAR or visit http://www.umasolar.com.
PRESS CONTACT:
Tod Ellington
Director of Marketing, UMA Solar
T – (407) 831-1941, ext. 107
E – TEllington@umasolar.com
