Sugar Hollow Solar Partners With North Carolina Clean Energy Fund
Aug 13, 2024 04:09PM ● By WNC BusinessASHEVILLE – Sugar Hollow Solar announced its partnership with the North Carolina Clean Energy Fund to launch a groundbreaking solar lending program. This partnership aims to make solar energy accessible and affordable for more North Carolinians by offering financing solutions with below-market rates and no dealer fees.
The North Carolina Clean Energy Fund operates on the "Green Bank" model, successfully pioneered in other states, with a mission to accelerate investment in clean energy solutions and increase climate resilience in North Carolina, particularly benefiting underserved populations. This collaboration between Sugar Hollow Solar and NCCEF marks the launch of a new solar lending program designed to help homeowners and landlords overcome financial barriers to adopting solar energy.
Sugar Hollow Solar will be the first vetted solar installer partner for the NCCEF's solar lending program. This partnership will enable more families and businesses to install solar panels and battery backups, reducing their carbon footprint and utility bills.
The new solar lending program offers flexible terms and the ability to re-amortize loans more than once, allowing customers to take advantage of rebates like the Duke PowerPair program worth up to $9000 and tax credits like the Investment Tax Credit worth 30% of the full system cost to lower their payments further. NCCEF financing can be used for rooftop or ground-mounted residential solar projects, battery backup systems, and EV chargers.
For more information about the solar lending program or to schedule a consultation, visit SugarHollowSolar.com or contact Johanna Patrice Hagarty at [email protected].
Born and raised in Fairview, NC, Sugar Hollow Solar has been helping homeowners, businesses, and government go solar in western North Carolina and upstate South Carolina since 2010. We offer an array of solutions to reduce our neighbors' carbon footprints by specializing in the design, installation, and maintenance of solar arrays, battery backup, and EV chargers.
North Carolina Clean Energy Fund is a nonprofit that operates on the “Green Bank” model successfully pioneered in other states, including Connecticut, Florida, Michigan, and New York. Their mission is to accelerate investment in clean and efficient energy solutions and increase climate resilience in North Carolina, particularly to the benefit of underserved populations. They partner with public and private investors, foundations, and other non-profit organizations to deploy sustainable financing solutions that will create long-lasting environmental, economic, and social benefits.
Source: Sugar Hollow Solar