Personal Loans from Lending Club Now Available to Finance Green Energy Upgrades
Partnerships with Greener Dawn, FreeCleanSolar and Ennovationz allow for fast, secure financing for energy upgrades
Today, Lending Club, the world’s leading platform for investing in personal loans, announced partnerships with three California-based, green energy and energy efficiency service providers; Greener Dawn,FreeCleanSolar.com, and Ennovationz. Homeowners working with these green energy service providers will have the option to seek financing for their energy upgrades and retrofits through LendingClub.com.
The partnerships with Greener Dawn, FreeCleanSolar.com, and Ennovationz, allow Lending Club to provide much needed financing for energy upgrades and solar power installations, which are expected to rise as much as 42% 2020, according to Bloomberg New Energy Finance[i]. These types of energy upgrades increase home values by $20 for every $1 reduction in annual utility bills, according to a study, titled “Evidence of Rational Market Values for Home Energy Efficiency,” published in the Appraisal Journal.
“There are over 120 million homes nationwide[ii], and a very large percentage of them could benefit greatly from low-cost energy upgrades,” says Courtland Weisleder, President of Greener Dawn, Inc. “With such an extremely difficult lending environment, even homeowners with good credit are finding it difficult to get financing for these projects, which is why our partnership with Lending Club is so important. Through Lending Club our customers receive quick, easy financing with reasonable interest rates in an average of five days.”
“Cost conscious homeowners know that installing a solar panel system on their home scan save them thousands of dollars in electricity costs each year,” says Richard Goebel, CEO of FreeCleanSolar.com. “But, in this housing market, even homeowners with good credit and equity in their homes can be challenged finding financing for a solar installation. Lending Club will help our customers overcome that hurdle by allowing them to apply for solar loans quickly and securely online.”
“Green jobs grew 9.1 percent in the United States between 1998 and 2007, about two and a half times faster than job growth in the economy as a whole[iii],” says Martha Amram, CEO of Ennovationz. “Today, green jobs are providing employment for out of work contractors and small business owners that are seeking a career change. But, if their customers can’t finance these projects, the job growth will stagnate. This partnership with Lending Club helps keep that pipeline going by allowing individual investors to finance fractions of these green home improvement loans.”
“We’re excited to be partnering with green businesses like Greener Dawn, FreeCleanSolar.com and Ennovationz, that are helping facilitate a more efficient use of energy and create jobs here in California,” said Renaud Laplanche, CEO and Founder of Lending Club.“In the first half of 2010, $11.6 billion – 40 percent of all global clean-tech venture capital – was invested in companies based in California. As the housing market in California continues to improve, we’re confident that a growing number of homeowners will use energy upgrades to optimize the value and energy efficiency of their homes.”
About Greener Dawn
Based in Solana Beach, CA, Greener Dawn provides a suite of services to solar installers, home performance contractors and energy auditors nationwide, including lead generation, BPI training, financing, and equipment leasing at www.greenerdawn.com. In addition, educates homeowners about energy efficiency and solar through a network of websites including www.mygreenerdawn.com
About FreeCleanSolar.com
Shop for solar panels online, compare solar installers and save! FreeCleanSolar represents more than a thousand clean energy experts and solar power brands to offer a full selection, great prices and unbiased choice for solar panels, home solar kits, expert solar installation, portable chargers, solar home and garden items and more.
Founded in 2007, FreeCleanSolar, Inc. operates more than 100 renewable energy web sites including http://freecleansolar.com/solar_loan,http://solarpanelsonline.org and http://californiasolarpanel.com.
About Ennovationz
Ennovationz is a Silicon Valley-based company that provides a platform for residential energy efficiency, carbon reduction and water conservation that delivers extraordinary results.
For more information visit http://www.ennovationz.com.
