CHICAGO--(BUSINESS WIRE)--Renewable Asset Management Company, LLC (RAMC) announces the expanded capabilities of the SunLender financing program to better serve residential homeowners, the fastest-growing segment of the U.S. solar (PV) market. Since 2011, the SunLender program has allowed Installers to provide solar financing to their residential customers with a 20-year operating lease or a 10-year or 15-year loan. The SunLender portal provides a single-source quoting platform that offers Installers the ability to quote Homeowners a solar loan and a solar lease within the same proposal, in approved states, thereby allowing the consumer to choose the financing product best suited to their needs; and providing Installers the tools and financing options to close more deals.
The SunLender program is uniquely designed to provide Installers with the cash flow they need to grow. The enhanced program allows Installers to leverage the partnerships, connections and network of RAMC, and now provides interim project financing through the Pro Power Green™ Construction Financing program, allowing Installers to get paid faster and fund growth without typical construction cash-flow constraints inherent to other finance programs and Funds. The SunLender program is tailored to help Installers grow their business and increase their sales.
“Our innovative financing platform makes it easy for Installers to focus their energy on providing the right financing solution for their customer’s needs rather than only having one financial product to deliver,” said Mike Thompson, SVP of sales and Partner Management at RAMC. “If the customer is looking for a path to ownership, our loan program can provide long-term cost-effective financing, allowing the homeowner to monetize all incentives of their system. Alternatively, if the Homeowner doesn’t have a tax appetite and wants a maintenance-free system, the lease program will pass available incentives on in the form of the lowest monthly payment, all while providing a worry-free customer experience. We have the breadth of financing that allows us to tailor a solution to each family’s individual needs.”
The SunLender Lease and Loan programs are offered to approved Installers in Arizona, California and Hawaii. The SunLender Loan program is also currently available in Oregon, Michigan, Minnesota, North Carolina, South Carolina, Texas and Washington.
About Renewable Asset Management Company
Renewable Asset Management Company (RAMC) is a proven leader in renewable energy financing, and in conjunction with affiliated companies have offered a variety of commercial and residential solar financing programs since 2008. RAMC and affiliated companies have been working with Installers, Homeowners and Original Equipment Manufacturers and Distributors to finance construction, home improvement and energy management solutions for more than 40 years. RAMC specializes in providing tailored financing solutions for residential and commercial financing of renewable energy and energy-efficiency products through their network of premier Installers.
To learn more about RAMC and the SunLender program please visit www.sunlender.com, www.ramcofunding.com or contact Mike Thompson at mthompson@sunlender.com, (855) 630-0869 x 104.
