To assist installers meet the rising demand for extra complicated photo voltaic and storage programs, Sungage Financial is offering residential photo voltaic financing for as much as $200,000 per mission. The necessity derives from rising demand for giant photo voltaic programs with important power storage capability typically present in multigenerational households. These prolonged household households should not solely utilizing extra power, however they’re additionally pursuing photo voltaic power and storage autonomy.
The variety of folks dwelling in multigenerational housing has quadrupled prior to now 30 years, reaching practically 60 million, or 18% of the U.S. inhabitants, in accordance with PEW analysis. Sungage Monetary, a residential photo voltaic finance firm working in 45 states, first observed this rising development and want for larger photo voltaic financing choices in Hawaii.
Monetary financial savings, caregiving for each aged and youngsters, sharing of chores, and rising property costs are among the many key causes cited for selecting multigenerational dwelling, which most adults discover very rewarding. In Hawaii, this concept goes even deeper with historic roots relationship again to the idea of ohanas – households serving to increase one another’s keiki (kids) to offer them a extra full cultural background.
“Ohana is a vital a part of our tradition,“ Kim Keahiolalo of Sungage Monetary’s Hawaii workplace explains. “It’s about fostering love and lasting relationships with our prolonged households along with the financial and social advantages. Having all these folks and so many youngsters within the family implies that they’re all going to cook dinner, do laundry, and go about life’s enterprise, which makes use of quite a lot of power.”
“Financing to satisfy the power wants of our prolonged household properties makes their swap to photo voltaic extra simply attainable, serving to households offset Hawaii’s excessive utility payments with manageable fastened photo voltaic mortgage funds that aren’t topic to ever-increasing charges,” says Tyler Erickson of Skyta Photo voltaic and Roofing, one in every of Hawaii’s photo voltaic firms and a long-time Sungage Monetary accomplice.