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U.N. chief welcomes announcements made in Climate Summit

U.N. chief welcomes announcements made in Climate Summit

United Nations Secretary-General Ban Ki-moon welcomed bold new actions to addres...

Climate Summit sees intiatives and commitments

Climate Summit sees intiatives and commitments

Various bodies and entities on the Climate Summit in New York have announced the...

Climate Rally reaches 310,000 participants

Climate Rally reaches 310,000 participants

The number of people who joined the People’s Climate March this September 21 rea...

China takes big step in reducing ozone depleting gases

China takes big step in reducing ozone depleting gases

China has taken a big step towards reducing its hydrochlorfluorocarbons by closi...

Ozone layer on road to recovery – U.N.E.P., W.M.O.

Ozone layer on road to recovery – U.N.E.P., W.M.O.

The ozone layer is on the road to recovery, but unified action is still needed t...

Green vacation: Go on an eco-friendly safari

Green vacation: Go on an eco-friendly safari

The primary goal of modern-day eco-friendly African safaris is to lessen the ove...

Nepal, the Maldives, and Bhutan could lose around 2 percent G.D.P. due to climate change – A.D.B. report

Nepal, the Maldives, and Bhutan could lose around 2 percent G.D.P. due to climate change – A.D.B. report

Nepal, the Maldives, and Bhutan could be looking at economic losses of around 2 ...

Business

Technology

New oxygen-removing catalyst developed for better biofuel production

New oxygen-removing catalyst developed for better biofuel production

Thursday, 23 October 2014

Researchers from Washington State University have developed a new catalyst that can remove oxygen from plant-based materials for a more efficient biof...

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Politics

New Yorkers support renewables, opposes fracking – N.R.D.C. poll

New Yorkers support renewables, opposes fracking – N.R.D.C. poll

Sunday, 12 October 2014

A state-wide poll commissioned for the Natural Resources Defense Council reveals that New Yorkers oppose fracking and support clean, renewable energy....

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Living Green

Why saving chinchillas is important for saving the earth

Why saving chinchillas is important for saving the earth

Friday, 24 October 2014

Chinchillas make expensive pets and they are a long time commitment as well. They have a life span of around 15 to 20 years. Hence, people who adopt t...

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Renewables

Low-Carbon

What needs to be injected In the core DNA of urbanity

What needs to be injected In the core DNA of urbanity

Thursday, 23 October 2014

Urbanization has taken an unprecedented upward turn in recent years. In 2007, half of the world’s population – around 3.6 billion people – lived in ur...

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Opinion

Unsustainable urban life: What's next?

Unsustainable urban life: What's next?

Wednesday, 11 June 2014

Nutrition plays a critical role in everyone’s chance at a better future. Hunger, said Benjamin Franklin once, is the best pickle. Some say “pickle”...

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SunWize solar financing upfront costs-free


The idea, based on the SunWize’s statement, is for residential solar energy systems to be provided with sufficient time to be eligible for the 30% federal tax credit. Photo Courtesy of SunWize Technologies, Inc.

A solar power installer for California and Oregon said its new financing program for customers does away with one of the biggest barriers to solar energy adoption—system upfront cost.

In a press release, SunWize Residential Power Systems said its program is designed to make residential solar power installers benefit from a 30% federal tax credit for residential solar energy systems.

In SunWize’s program, homeowners can get a same-as-cash loan of up to $45,000 with no collateral. There will also be no principal payments or interest for up to 12 months.

The idea, based on the SunWize’s statement, is for residential solar energy systems to be provided with sufficient time to be eligible for the 30% federal tax credit.

The Energy Improvement and Extension Act of 2008, which is part of the US’s $700-billion economic stimulus program when its finance sector broke in September last year, entitles buyers of residential solar electric systems to a tax credit of up to 30% of the net installation cost.

But homeowners, SunWize said, will not realize the tax savings until 2010 when they file their 2009 taxes.

“SunWize customers who participate in the residential solar financing program have up to 12 months without payments or interest accruing, during which they can realize the tax credit and apply it toward the loan,” SunWize stated.

SunWize is a subsidiary of the US branch of Japanese Conglomerate Mitsui & Co., Ltd., one of the world’s largest trading companies, and is currently the premier installation division of SunWize Technologies, Inc. It was founded in 1992.


- Eric Dorente


Source:

1 http://www.sunwize.com/news/solar-news-financing.php

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