How long can I finance my project? What is the term?
Switch it Up projects can be financed for up to 10 years. The financing terms are determined by the amount of each project. For example: a DHP financed for $15k would be on a ten-year term. If later you finance an $3,500 EV charger, then the EV project would be on a 5-year term with its own amortization. Terms per project are:
- Up to $5,000: five-year term
- $5,001 – $100,000: ten-year term