Sulphur Springs Valley Electric Cooperative (SSVEC) members now have access to a solar or wind power loan program.
Members may borrow $2.00 per watt for up to a maximum of 25% of the total cost of a solar or wind energy system. The interest rate is set at 3%. The loan will be secured by a lien on the house or property. For loans under $10.000, the loan will be repaid in equal monthly installments over a period of five years. Loans larger than $10,000 will have a repayment plan of ten years. Should the individual wish to pay the loan off earlier, there is no pre-payment penalty. The cap for loan amounts has bee set to 4 kW for residential systems, and 10 kW for small business systems. Due to limited funds, the loan program is set on a first come, first served basis.
SSVEC’s loan program can be combined with their rebate program. The loan and the rebate combined cannot pay for more 75% of the system’s cost.
For more details and specifics visit: http://www.ssvec.org/programs/energySunWatts.php
You can get additional details through the following contact:
Sulphur Springs Valley Electric Cooperative
350 North Haskell
Willcox, AZ 85643-1718
Phone: (520) 515-3473
Web site: http://www.ssvec.org