Kindly_Vanilla4928 t1_j5qc9ai wrote on January 24, 2023 at 8:49 PM

Reply to comment by fluffheaaaaad in Solar quotes by [deleted]

Be sure to read the sun nova loan details. At one point they had thousands of dollars as a fee, which is not required to be added to the APR calculation. So they advertised .99% APR but fine print had a ridiculous 8k fee.

ImaginaryStrike5936 t1_j5rt8mr wrote on January 25, 2023 at 2:46 AM

Not sure if it’s the same deal but Sunnova deal had an option to pay them $8k after 18-months to keep the rate around $100/ month. If I didn’t the rate went up to $150/ month. But the rebate from the feds is essentially $8k. But I’m keeping the $8k from the feds and will pay a bit more every month.

Kindly_Vanilla4928 t1_j5rzlv6 wrote on January 25, 2023 at 3:34 AM

Yes that is essentially a bridge loan for 18 months.