LAKE FOREST RESIDENTS ELIGIBLE FOR NEW GOVERNMENT SPONSORED SOLAR FINANCING PROGRAM

LAKE FORST, Calif. (Nov. 26, 2014) – Lake Forest is one of the newest cities to launch the Home Energy Renovation Opportunity (HERO) financing program, which enables homeowners to fund energy and water efficiency projects through their property taxes.

“HERO is an innovative way for homeowners to go solar,” said David Savarese, Director of Project Development at Sullivan Solar Power. “For the first time, you are able to actually get tax deductions through your property taxes for the payments that you make on the system.”

This government-backed program allows residents to go solar for no money out of pocket, while still capturing the 30 percent federal tax credit, and without creating personal debt. The main outlier between the HERO program and other financing options are the tax deductions received on HERO payments, including the interest.

Through this unique program, payments are repaid annually through a tax assessment, tying the solar investment to the property and leaving flexibility for homeowners who may be looking to sell their home in the future.

“HERO is a game changer for Lake Forest property owners who may not qualify for other financing options or who have opted out because they are unsure how long they will stay in their home,” said Daniel Sullivan, Founder and President of Sullivan Solar Power.

Among the financial and environmental benefits of going solar, annual payments are lower than current electric utility bills and homeowners will secure a lower electricity rate for the term of the financing. The solar payments will not be paid until property taxes are due and may be deferred up to 18 months. There are no application fees and no repayment penalties.

Sullivan Solar Power is a HERO Registered Contractor and partner of the new property tax solar program in Lake Forest. To see if you pre-qualify for HERO, and to learn how to apply, call 1.800.SULLIVAN or visit www.heroprogram.com/sullivansolar. Sullivan Solar Power will provide Lake Forest residents a preapproval finance amount and give you an in depth evaluation to show you the great benefits of this new program.

About Sullivan Solar Power

Sullivan Solar Power is a turnkey solar system provider that delivers solar electric projects from concept to completion with offices in the Orange County, Inland Empire and San Diego. The company has installed more than 27 million watts of solar power ranging from residential to large commercial and municipal systems. Sullivan Solar Power has a longstanding A-plus rating with the Better Business Bureau, with no complaints filed since its founding in 2004. The firm has been named one of the nation’s fastest growing energy companies by Inc. Magazine and services clients throughout Southern California. Regardless of project size and scope, Sullivan is committed to delivering the best products provided by the most qualified professionals to every customer. Visit sullivansolarpower.com for more information.

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