POWER your SOLAR Projects
with Legence Bank!
Key Features
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Local Processing
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Competitive Rates
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Quick Decisions
Benefits
Our Solar Loans provide the following benefits:
- 100% of the financing for equipment and labor costs
- No down payment
- Terms of 8, 9, or 10 years with first 18 months interest only period for loans exceeding $25,000. (Converting to monthly amortizing principal and interest payments after 18 months)
- For loans $25,000 or less, we offer a 5 year, fully amortizing loan.
- Loan will automatically re-amortize with any principal reductions made, resulting in greater cash flow savings each month
- 0.25% (25 bps) interest rate “discount” for auto debit from checking account held at Legence Bank
Documents Required
RESIDENTIAL:
Last 2 years tax returns
Last 2 paystubs
Current driver’s license
COMMERCIAL:
Last 2 years personal tax returns
Last 2 years business tax returns
Current P&L statement
Last 2 paystubs (if applicable)
Current driver’s license
Entity documentation applicable to business type
Lenders
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You could pay as little as $1,359.47 per month on a solar loan with our current 8.75% interest rate (8.950% APR*) with a term of 96 months and an amortization period of 78 months.
*Annual Percentage Rate (APR) is accurate as of 1/9/24 for loans in the bank’s market area and is subject to change at any time. All loans are subject to the bank’s underwriting standards.
This payment example is based on a loan amount of $80,630.00 with zero down payment and a 8.950% APR. Payment example does not take into consideration any additional principal payments that may be made.
Olivia Bradley
![Olivia Bradley](https://cdn.firstbranchcms.com/kcms-structure/fe7d535b-c25d-4153-bbc0-ebe86e54329f/image.jpeg)
Commercial Banker/Vice President
Illinois Market
[email protected]
618-297-9879
READ BIO
Dustin Wilson
![Dustin Wilson](https://cdn.firstbranchcms.com/kcms-structure/f11f4209-eb9c-469d-849e-01d7f78a3a0d/image.jpeg)
VP, Commercial Banker
Illinois Market
[email protected]
618-297-9846
Harold Gates
![Harold Gates](https://cdn.firstbranchcms.com/kcms-structure/cc7289b9-8454-49d8-90f1-71104e65f9c7/image.jpeg)
Commercial Banker
Illinois Market
[email protected]
618-745-9431