SOLAR CONTRACTOR RESOURCE CENTER

Options and Tips

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NO CONCURRENT FINANCING

MCCU does not allow any concurrent financing in conjunction with our solar loan.  Either 100% of the project is financed with MCCU or a portion is paid cash-down by the borrower.  Large cash-down payments may be subject to verification.

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ONE-TIME FREE RE-AMORTIZATION OPTION

Many borrowers desire to apply their rebates, tax incentives, and other monies to their Solar Loan in order to reduce the total interest paid over the life of the loan.  Some borrowers desire to also reduce their monthly payment after applying said monies to their Solar Loan.

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HOW TO CALCULATE THE BUYDOWN

Please refer to the solar loan rate sheet located under Additional Links for examples on how to calculate the buydown amount, if any.