Solar Water Heater loans
Harness the power of the sun with a Solar Loan from the Grenada Public Service Co-operative Credit Union Limited. The GPSCCU has been your saving institution for years, and now it’s helping you to save even more by reducing your electricity bills through purchasing a Solar Water Heater. Your Solar Loan allows you to “Go Green” and do your little bit to save the environment. The GPSCCU will provide you with a list of approved Solar Water Heater Dealers from which a choice can be made. Normal Credit Union lending policies apply, and at an interest rate of 8% with 1-5 years repayment, warm baths for you and your family no longer have to be imaginary or expensive! An average household with an electric water heater spends about 25% of its home energy costs on heating water. Using solar water heaters, which use free solar energy, can save hundreds of dollars a year. When electricity rates increase, the savings increase. The average Solar Water Heater pays for itself in about 8 years time.