WESTBURY, N.Y.– Nassau Financial said it is continuing its partnership with Solar Installer SunPower by EmPower Solar by presenting its first ever Long Island Solar Loan Program together at the annual Oyster Festival in Oyster Bay N.Y. More than 200,000 attendees visit the East Coast’s largest waterfront festival each year.
The solar-specific loan, created by Nassau Financial Federal Credit Union and SunPower by EmPower Solar in February 2017, was built specifically with Long Island homeowners in mind. This new program allows homeowners to go solar with no upfront cost and replace their existing electric bill with a fixed monthly payment that provides for immediate monthly savings of 30 percent or more, the credit union said.
While similar loan products have enabled thousands of Long Island homeowners to go solar over the last few years, this is the first time that a Long Island-based credit union is making this type of program available to their members. Nassau Financial Federal Credit Union, a provider of high-quality, competitively priced consumer financial products for over 80 years, provides members complete peace of mind that they can apply directly online at NassauFinancial.org as well as through representatives at SunPower by EmPower Solar.
“Our new solar loan program will help our members save money and make a difference on Long Island as we create a cleaner environment,” said John T. DeCelle, President and CEO of Nassau Financial Federal Credit Union. “We are excited to be working with SunPower by EmPower Solar by delivering this unique solar loan opportunity to our members and Long Islanders throughout Nassau County,” added DeCelle. “Attending the Oyster Festival together is further solidifies our commitment to making a difference for our members and the community,” he said.
SunPower by EmPower Solar, in business since 2003, is the exclusive company offering the Nassau Financial solar loan product to their clients.
“We are thrilled to launch this custom-made program for the Long Island marketplace, allowing homeowners to finally get the world’s best solar panel technology through a Long Island-based installer and local financier – all in one simple package,” said David G. Schieren, CEO of SunPower by EmPower Solar. “This loan is directly in line with our mission of providing the greatest electric bill savings to our clients while delivering an amazing customer experience. We believe this will help thousands of Long Islanders who haven’t had this type of solar opportunity available to them before,” added Schieren.
The loan, with interest rates as low as 3.49%, is available to customers who live, work, worship, go to school or volunteer in Nassau County. The program is available for both built homes and new construction homes that are ideally built solar-ready.