The Sales Finance division of Stamford, Conn.-based GE Money, a unit of General Electric Co., recently partnered with Electric & Gas Industries Association (EGIA), Sacramento, Calif., to provide revolving installment consumer financing of residential solar systems through EGIA’s GEOSmart Sustainable Financing Solutions loan program. Available nationwide through EGIA-approved contractors, can be used to fund projects from solar water heating or pool heating projects to solar photovoltaic (PV) installations.
For smaller thermal or PV applications, unsecured financing is now available with terms up to 20 years and project costs ranging from $2,500 to $50,000. For larger PV installations, the financing offers terms up to 25 years on projects ranging from $10,000 to $50,000.