Fintech Goes Solar

Note from the Publisher:  We pull our stories for FintekNews from all over the web, and this press release grabbed our attention today as we’re huge fans of greentech.  Boston-based Blue Wave Renewables, a “Community Solar and fintech company” has expanded its product offering into the Carolinas.  In fact, in visiting their website, their Community Solar program feels very similar to a crowdfunding deal, although it is not specifically designated as such, and their marketing text reads as follows……..”Think farm shares.  But for Power.  No upfront costs. No solar panels.  With BlueWave’s Community Solar, you can buy a membership from a local solar farm—just as you’d buy produce from a local farmer.”  They also offer a home solar loan program, hence their self-declared fintech status.

CHARLESTON, S.C., Aug. 5, 2016 /PRNewswire/ — As the solar market in the Southeastern U.S. booms, BlueWave, a Boston-based Community Solar development and fintech company, has brought its premier solar loan product to North Carolina and South Carolina. Homeowners in North Carolina and South Carolina looking to finance their home solar systems can now sign up for a BlueWave Home Solar Loan, a product that launched in conjunction with Avidia Bank earlier this year across Massachusetts. The product offers home solar customers a 12-month interest-only period at a 5.99% fixed rate for 10 years.

‘This is a best-in-class solar loan product with a high value proposition. It provides more homeowners with the option to benefit from the economic and environmental benefits of solar energy at an affordable price. We’re thrilled about the Southeast launch and look forward to expanding our operations in the region,’ said BlueWave’s CEO, Trevor Hardy.”

Read Full Release at PR Newswire