Is energy storage the future of the energy industry? Well, it depends on who you ask, but one thing is certain: It’s likely to be an important, influential factor for homes and commercial buildings for years to come, reimagining buildings’ power sources to a degree that few technologies have before it. And where contractors are working with home- and building-owners on energy storage, of course, they require energy storage financing solutions. Enter EGIA’s latest partnership, with acclaimed storage provider Adara Power.
In keeping with EGIA’s partnership history, the latest financing collaboration is predicated on expanding contractors access to the tools they need to succeed and help grow energy-efficiency across the nation. Adara Power specializes in designing, engineering and manufacturing advanced energy storage solutions, both for residential and commercial applications. Investing in Adara Power’s equipment – in energy storage, period – is now easier than ever through EGIA’s industry-leading financing programs. Adara Power dealers can now offer their customers five EGIA-furnished financing plans that fit every customer, budget and purpose.
The Renewable Express Loan Program is an unsecured financing program ideal for contractors who are new to financing. Unsecured installment loans up to $64,000 and terms up to 12 years can be offered on Adara Residential Energy Storage systems, with no interest or payments for up to 24 months.
PACE Financing can now be used to finance Adara Residential Energy Storage systems as well. Offered through Renovate America’s HERO program, PACE – one of the country’s fastest-growing loan categories – allows homeowners to secure financing on energy-efficiency and renewable energy upgrades to their home and repay the loan alongside their property taxes. PACE pays for the entirety of a project and is repaid over 20 years or less.
Benji Unsecured Financing can be used in concert with HERO, allowing homeowners to combine non-energy-efficient and energy-efficient upgrades in the same project. Loans up to $50,000, with payment terms of 5, 7 or 10 years – 6 and 12 interest-free and payment-free months – are available with Benji.
Energy Wise Lease Program, meanwhile, is one of two options perfect for Adara’s Commercial Energy Storage System. It offers commercial businesses leases for facility upgrades on terms of 7 years or less, with amounts ranging from $20,000 to $99,999.99 and competitive interest rates.
The final energy storage financing option is our Commercial Financing Program, ideal for commercial businesses who want larger, more comprehensive upgrades in their facility – again, ideally suited for the Adara Commercial Energy Storage System. Loan amounts go all the way up to $5,000,000 with terms up to 10 years.
Energy storage is here to stay, in some form or another, so energy storage financing is a must. As we’ve noticed and reiterated time and again over the years, the most successful contractors are the ones who are able to offer financing on every project. Now, that includes Adara Power projects.