Overview
We’re pursuing expanding the Palmetto Comfort Plan to include water heater installations across the US. This overview is intended to share the baseline concept and gather partner feedback before finalizing program design.
Terms & Program Structure
Lease terms: 8 and 10-year
Monthly payment: Fixed, all-in
Options for 0%, 0.99%, 1.99% annual escalators
Included for full lease term:
Installation
Full parts coverage
Service & repair labor (backed by OEM + supporting 3rd party coverage)
Preventative Maintenance (Onsite or remote appointment offered yearly with customer able to opt-out)
Pricing
Monthly rates in-line with comparable loans + worry-free service coverage
For customers
Simple monthly payment instead of upfront equipment cost
No surprise repair or maintenance expenses
Installation and service handled by trusted local partners
Easy, tech enabled order and ownership experience
For partners
Enhanced financing option that complements cash and loan offerings
Minimal change to existing install workflows
Built-in service and maintenance revenue, serving as the first call for customer needs