Saturday, February 5, 2011
Virgin Islands Sun Loan program
Sun Loan program is one of the best renewable energy program. Simple easy to apply for the combination of rebate and loan so all Virgin Islands residents can take advantage of it. Any one using hot water must apply for one of these Solar water heaters. 50% of the installed price upto $2500 is paid as a rebate and the other 50% upto $3500 is the loan at only 1% interest. The monthly payments are usaually lower then the energy consumption of your current electric or gas water heater. You also get 30% energy tax credit in your income tax. It is like getting paid for buying a solar hot water heater. 50% Rebate, 50% displacement of electricity and 30% tax credit. Get it while it last. Its first come first served basis.