Financing
SCEA has developed the most robust financing program in the industry. Our option vary
from a quick return purchase to many zero down options.
Purchase Option
Southern California Energy Alternatives will provide an option to purchase and own a solar system. The
typical payback for a SCEA built solar system is 5-7 years. The systems will last up to 35 years.
Zero Down Lease/PPA Option
SCEA has several lease and PPA options. The term locks in a rate for 25 years. The rate of
escalation varies from 0% per year to 2.9% per year. The system is owned and maintained
by the Lease/PPA company and is accompanied by a production guarantee.
Loan Program
SCEA has loan options for 3, 6, 12, 18 months, 5, 10, 15 and 20 year terms. The interest
rates vary from 7.9 to 14% apr. The homeowner is the system owner.
Ygrene Energy Fund Financing
SCEA is the first company to be Ygrene Certified for the Coachella Valley Program. We have
vested ourselves in the belief that this will be the #1 finance option for Businesses and
Residences in the Coachella Valley by 2015. This program is similar to the Palm Desert EIP
program, the Ygrene program is paid on your property tax bill. The interest rate varies by term
length. There are equity provisions in this loan option.
Palm Desert EIP Program
SCEA offers the ability to purchase a system through the Palm Desert EIP Loan program. We
work with the City of Palm Desert to provide a Palm Desert resident with a solar system. SCEA will
carry the cost of the system, up to $30,000. This allows our customers to put $0 down and have a
system installed. The cost of the loan goes onto the property tax bill, which is partially tax
deductable. This is a highly accessible loan with a 7% interest rate.
Home Refinancing Solar Loan
SCEA works with our customers to provide an option to improve their home loan interest and
include the cost of adding solar to their home. This is an effective way to save money not only
on your electricity, but also in your mortgage.
We have a program that meets everyone’s needs.