Q: What is Rent-to-Own Solar?
A: A financing option where customers pay for solar systems through fixed monthly payments instead of upfront costs, with ownership transferring after completing the payment term.
Q: How does Rent-to-Own differ from traditional solar purchases?
A: This option is more affordable and accessible than bank loans or full cash payments, requiring no large initial investment.
Q: Is a downpayment required?
A: No downpayment is needed with the Rent-to-Own program.
Q: What are the available payment terms?
A: Flexible payment plans extending up to 5 years are offered.
Q: What documents are needed for Rent-to-Own application?
A: Required documents include valid ID, proof of home ownership, recent electricity bill, TIN, and proof of income and employment or business ownership.
Q: How long does approval take?
A: Applications are typically reviewed within 2-3 business days, with solar experts providing assistance throughout the process.
Q: What happens after approval?
A: The company designs the system, finalizes terms, and completes installation within 3-6 days, with savings beginning immediately after installation.
Q: What payment methods are accepted?
A: For Rent-to-Own, post-dated cheques are accepted. Direct payments can be made using cash, cheque, or credit card.
Q: What are the consequences of missing a payment?
A: A 3% penalty applies (potentially waivable if paid promptly). After 3 weeks, system operation may pause, and after 6 weeks, removal may begin. The company provides reminders and support to help customers maintain payments.