Our February dinner seminar was held at the SDG&E Innovation Center that is next door to our solar showroom in Clairemont. The huge turnout came to hear Michael Powers from Stellar Solar and Stellar customer Peder Norby talk about residential solar and electric vehicles. Sammy’s Woodfired provided the delicious food.
The crowd of 150+ listening to Michael Powers talk solar
Stellar Solar, one of California’s leading commercial solar and residential solar installers since 1998, is now offering a residential solar lease and solar financing for homeowners in San Diego County who want to go solar for $0 down. Solar leases and solar financing have never been offered by a manufacturer with the financial stability of SunPower — or combined with the planet’s most powerful solar panels.
You can now go solar with $0 down and low monthly payments.
“These new options are perfect for homeowners who are looking for an alternative to the upfront costs of purchasing solar,” said Michael Powers, VP of Sales and Marketing at Stellar Solar. “The SunPower Lease offers a no-money-down solution that can reduce or eliminate your existing electric bill completely. For about what you’re paying to SDG&E every month, you can go solar and pay SDG&E little or nothing at all. It’s like trading in your old power bill for a new solar power bill.” He added, “The SunPower financing or loan program is also a very viable option for homeowners as it enables them to also go solar for no money down and still gain all the financial benefits of actually owning their systems.”
Stellar Solar has been installing SunPower solar panels since 2001 and find them to be a favorite among many solar customers because of superior appearance, design and quality. Many San Diego homeowners also prefer to buy their solar panels from an American company and SunPower is based in Silicon Valley.
Stellar Solar is proud to be breaking new ground on the City of San Diego’s new solar finance program, which goes by the name “Clean Generation” program.
Two of our solar customers are the first to apply and be approved for this new type of solar finance plan, known nationally as PACE (“Property Assessed Clean Energy”), which allows homeowners to pay back the solar loan as part of their property tax payment.
If the solar home is sold before the loan is paid off, the loan simply goes with the property and is taken over by the new owners who continue to make payments along with their property tax.
The “Clean Generation” program was planned to start up mid-June, but has been delayed due to technical questions raised by Fannie Mae and Freddie Mac, the government-sponsored mortgage-finance corporations.
Since property tax payment normally have seniority over other debts (such as mortgage loans), Fannie and Freddie are seeking clarification on how the new program will affect their outstanding home loans. The agencies have promised to come up with a clarifying statement shortly.
Electric vehicles, Solar Finance Programs, Solar Projects, Solar Value | February 16, 2012 | 
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