Purchasing your first solar power system is a huge
undertaking, particularly if your plans include an on-grid system. First comes
the hassle of researching how many panels you need to purchase based on your
power needs. Soon after comes the price comparisons (how much!?!). Then you
need to shop around for installation professionals and then finally make your
purchase. Here at Renogy, we understand your concerns and we’re here to help.
In 2013, we rolled out our online website, which allows you to shop 24/7, anytime, anywhere. In late 2013 we added a comprehensive Q&A guide to our store
website, to make the initial research a little more convenient. At the same
time, we added a solar calculator to make determining your power needs that
much easier. All along the way, we’ve had a dedicated sales and technical
support team standing by to answer your questions and help with the
installation process. This past month, we decided to make your purchase easier
with financing offered through a third party bank.
When making a big purchase that will likely provide a steady return on investment, financing options may make a lot of sense. Solar
panels are not only a great way to save on monthly power expenses, but are also
great for the environment. That’s why Renogy began offering product financing
for some of the larger, more expensive products. The financing is offered
through Cross River Bank, a New Jersey state chartered bank (Member FDIC). The
loan as known as a Bread Loan (registered trademark), which allows a customer
to purchase the item and thereafter make monthly payments until the Bread loan
is paid in full. As with most financing,
any credit extension is subject to credit pre-approval. According to the
official Bread website (www.getbread.com),
there are no hidden fees or prepayment penalties. If you pre-qualify for the
Bread loan, it will show you what your monthly payment will be. APR rates for
each loan vary between 0%-29.9%. To apply for the Bread loan, you’ll have to
supply your information and the bank will review your credit history.
At Renogy, we strive to provide quality products at
affordable prices. Adding financing to our store site is just one of the many
ways we try to make your purchase as smooth as possible. If you would like to
learn more about Bread loans, visit www.getbread.com/faq/.
There you will find answers to common questions, along with the bank’s contact
information. Please do not contact Renogy for information regarding Bread
loans, as we are not affiliated with Cross River Bank and do not have any
formal training regarding Bread loans and will be unable to answer your
questions. Happy shopping!
