Sugar Hollow Solar Partners with North Carolina Clean Energy Fund in Launching Solar Lending Program
Asheville, NC, August 1, 2024 – Sugar Hollow Solar is proud to announce its partnership with the North Carolina Clean Energy Fund (NCCEF) 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.
"We are excited to launch our solar lending program with our first partner, Sugar Hollow Solar," said Michelle Myers, Program Manager with NCCEF. "Our financing has no dealer fee, transparent terms, and is available for people with the ability to make the monthly payments, regardless of credit score, allowing more people to take advantage of incentives like the federal tax credit and Duke’s PowerPair program."
Sugar Hollow Solar is thrilled to 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.
“We are thrilled to partner with the North Carolina Clean Energy Fund,” said Clary Franko, COO of Sugar Hollow Solar. “This program will make solar energy accessible to many who may have previously thought it was out of reach due to high upfront costs. Now our customers can lock in fixed monthly payments, stabilize their household expenses against rising utility rates, make a smart financial investment, and do good for the environment.”
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.
Sugar Hollow Solar is committed to making solar energy accessible to all North Carolinians. This partnership with NCCEF is a significant step towards achieving that goal, providing sustainable financing solutions that create long-lasting environmental, economic, and social benefits.
For more information about the solar lending program or to schedule a consultation, visit www.sugarhollowsolar.com or contact Johanna Patrice Hagarty at johanna.hagarty@sugarhollowsolar.com.
About Sugar Hollow Solar:
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. Founded by two cousins, Phelps Clarke & Doug Ager, we are proud to be known for our honesty, reliability, and expertise.
About North Carolina Clean Energy Fund:
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. Our 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. We 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.
