Chapel Hill, NC -- (SBWIRE) -- 01/26/2011 -- Steve Holdaway, president of Academy Solar LLC (http://www.academysolar.com), a residential and commercial solar energy design and installation company, has announced that the firm is offering a “Same-As-Cash” no-interest plan for its residential customers for financing the first 12 months of installing an Academy Solar system. Following a 25 percent down payment, there are no payments required for the first year of installation. Coupled with many other state and federal tax incentives, such as a 30 percent federal tax credit and a tax credit of 35 percent of up to $10,500 that North Carolina residents can receive for the cost of a solar system installation, this plan will offer significant savings to Academy Solar residential customers, in addition to lower energy costs, multiple environmental benefits and an improvement in the value of the residence.

QUOTES:
“With this plan, we are assisting customers in postponing most of their cash outlay until their tax refunds show up to help cover the cost of installation,” said Holdaway. “We know the upfront costs of our system appear large until discounts, incentives and long-term savings are factored into the estimate, so we believe the ‘Same-As-Cash’ plan will spur more people to take advantage of what we can achieve for them in both reducing energy costs and enhancing the environment by using this clean power source. In these tight economic times, we are pleased we can offer this plan.”

NEW MEDIA CONTENT:
Academy Solar on Twitter:
http://www.twitter.com/AcademySolar

Academy Solar YouTube Channel:
http://www.youtube.com/user/AcademySolar

DETAILS:
- The “Same-As-Cash” program is available to Academy Solar residential customers. Solar panel systems must be installed on a primary residence.

- Loans are provided by EnerBank USA (1245 E. Brickyard Road, Suite 640, Salt Lake City, UT 84106) on approved credit, for a limited time. Repayment terms vary from 24 to 132 months, with 17.43% fixed APR subject to change. Interest waived if repaid in 365 days.

About ACADEMY SOLAR
Academy Solar offers residential and commercial solar energy system installations with a focus on the Chapel Hill, Raleigh, Durham and Charlotte markets. Dedicated to professional customer service, Academy Solar takes care of all the customer’s permits and regulatory paperwork, as well as insures that the customer receives the maximum federal and state incentives in order to receive a firm, final price on the true cost of installing its system. Its online calculator shows customers how federal and state tax credits can reduce installation costs and pay back expenses within two to seven years, with free energy for the remaining expected 18 or more years of energy production by the installation. Academy Solar provides seven guarantees to homeowners to insure their complete satisfaction with the installation process and a 10-year “no hassle no cost” 100 percent guarantee on their system. Created by four successful local entrepreneurs, two of whom are U.S. Air Force Academy graduates and pilots, Academy Solar believes that solar energy can be a prime energy source in the future that can help our environment by reducing the need for new fossil energy from coal fired electric plants and provide real financial return to homeowners through solar production incentives. For more information, visit http://www.academysolar.com.

Erin Smith
MMI Public Relations
(919) 233-6600
erin@mmipublicrelations.com
http://twitter.com/MMIPR
http://www.mmipublicrelations.com