Conventionally Structured Loans

A conventionally structured term loan may be used to acquire a rooftop solar system, using currently owned assets as the secured collateral. Typically, the collateral must have a current fair market value of at least 125% of the value of the facility and a liquidation value at least equal to the value of the facility. Although loans are usually 36 to 60 months, longer terms may be possible. Interest rates are always fixed for the full term of the loan, with possible adjustments for interest rate changes that may take place after application but prior to funding.