New Solar Financing Now Available In California

Financial Institution aims to make solar financing more accessable and affordable to Californians

San Francisco (California), March 14, 2012. – KURIOS ENERGY, a solar and wind integration corporation, announced today that they will be utilizing a revolutionary financing product designed specifically for residential green energy customers. "This green energy loan is powered by the San Francisco Fire Credit Union (SFFCU), and offers the highest funding limit and most competitive interest rates that we have seen in the industry. This financing product makes it clear that the SFFCU is committed to protecting the environment, while staying true to their long-standing commitment of providing the best value to their customers," said Luke Peters, Operations Manager for Kurios Energy.

The SFFCU placed the solar loan into service today as part of their normally offered financing arms, and will make it available to customers all over California. The solar loan is unsecured and carries NO FEES, and an interest rate as low as 6.99%, ZERO MONEY DOWN up to $50,000.00, and payback options of up to 15 years. "Kurios Energy began collaborating with the SFFCU in 2011 to provide a lending product that has the flexibility of solar leasing products and Power Purchase Agreements (PPA's), but does not require the customer to pay origination fees, accept an exorbitant payback structure, or give up their tax credits and rebates. The SFFCU has delivered a product that provides exceptional cost savings, ease of use, and flexibility to the end user. As such, it will be our primary funding recommendation to our customers," said Todd Filbrun, CEO of Kurios Energy.

Darren Herrmann, CEO of the San Francisco Fire Credit Union agreed, stating, "Kurios Energy came to us with a great idea about adding solar loans to our Credit Union's product offerings, and we knew it would be a great fit for the members we serve. With that initial spark from Todd and the Kurios Energy team, we're now able to offer a loan that's perfect for homeowners looking to reduce their utility bills along with their impact on the environment. We're happy to help Kurios Energy customers finance the purchase and installation of solar panels on their homes."

The loan comes at perfect timing, with solar installations continuing their sharp increase. "The U.S. Solar Energy industry installed a record 1,855 megawatts (MW) of photovoltaic (PV) capacity in 2011, more than doubling the previous annual record of 887 MW set in 2010, according to the latest U.S. Solar Market Insight Report. The record amount of solar installations is enough to power more than 370,000 homes, and represents a 109% growth rate in 2011," the San Francisco Chronicle reported.
As the market continues to expand, the SFFCU's solar loan will ensure that residential customers are provided cost-effective a means to power their homes with renewable energy.

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