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Level Pay is a simple and transparent loan option that gives homeowners peace of mind with a fixed monthly payment that remains unchanged for the entire loan term. It’s designed to make solar financing easy to understand and predictable from the very first bill.
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- Why We Created Level Pay
- Who Level Pay Is For
- Loan Details
- Key Benefits
- Dealer Experience
- How to Select Level Pay
- ITC Disclaimer
- Payment Factors
- Summary
Why We Created Level Pay
The Big Beautiful Bill removes the 25D Investment Tax Credit (ITC) at the end of this year. Level Pay is our response to that change. It removes the introductory period of lower payments and replaces it with a single flat payment for the full term. This reduces confusion for customers and shortens the time needed to explain tax credits or multiple payment phases.
Who Level Pay Is For
- Any homeowner who wants a stable and transparent loan structure
- Customers on a fixed income who prefer a predictable monthly payment
- Buyers who value clarity over complex payment schedules
Loan Details
| Loan Terms | 15, 20, or 25 years |
|---|---|
| Interest Rates | Same fixed rate options as our current loan products. |
| Monthly Payment | Fixed monthly payments for the life of the loan. |
| Eligibility | Same approval requirements as our previous loan products. View Loan Approval Matrix |
Key Benefits
One Flat Payment From Day One
No intro periods. No step ups. The same amount from start to finish.
Clarity and Simplicity
No need to explain the ITC or multiple payment phases. Easier to quote, sell, and understand.
Built for Today’s Market
A clear and modern structure that helps keep solar within reach after the 25D change.
Dealer Experience
Dealers will see two loan options in the application site:
- Level Pay
- 18-Month Promo with an introductory period and ITC reliance
Level Pay streamlines customer conversations by removing the need to cover tax credit timing and differing payment amounts.
How to Select Level Pay in the Application
Dealers can enable Level Pay directly in the application during loan setup.
Steps to select Level Pay
- Enter the Loan Amount and select the Loan Term.
- Level Pay is selected by default. The checkbox labeled Use Level Pay is prechecked.
- To use 18-Month Promo, uncheck Use Level Pay, then click Calculate.
- If keeping Level Pay, leave the checkbox on and click Calculate, then continue the application.
After you leave the box checked and click Calculate, the application applies the Level Pay structure so customers receive a single, predictable monthly payment from the first bill.
⚠️ Compliance Reminder
The Federal Investment Tax Credit (Section 25D) is being phased out at the end of 2025.
- The 18-Month Promo loan option remains available for new applications through the end of October, ending 11/2/2025.
- To ensure timely Almika financing, projects must be installed and completed with proof of installation submitted by December 22, 2025.
- Projects that are not installed and submitted for verification by December 22, 2025 will be canceled.
Please plan timelines accordingly—permitting, interconnection, materials, and weather can affect scheduling.
Payment Factors
These are the primary inputs that drive a customer’s fixed monthly payment under Level Pay. Use this quick reference when quoting or reviewing an application.
Reference only. Actual payment depends on loan amount, term, APR, and final approved application details.
Summary
Level Pay reflects Almika’s focus on stability and simplicity. It delivers a predictable monthly payment, reduces confusion, and supports a smooth sales experience for dealers and homeowners.
Level Pay: One Flat Payment From Day One
A loan designed for clarity, stability, and simplicity. Level Pay gives homeowners peace of mind with a single, predictable monthly payment that never changes.
Availability, eligibility, and pricing may vary by dealer and state. Terms and conditions apply.
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