25 Jun '14, 9am

Green News: Solar Loans Are Getting Easier to Find

Green News: Solar Loans Are Getting Easier to Find

Homeowners looking for a way to finance new rooftop solar systems now have more options than local banks and credit unions. SunPower Corp., the country's second-largest maker of solar panels, said on June 16 it had worked out a $200 million loan agreement with Admirals Bank that would fund residential solar projects over the next two years, according to a report at MarketWatch . And in an expansion of a program first announced in March, solar middleman Solar Mosaic Inc. is making crowdsourced solar loans available directly to homeowners online. Borrowers can apply online in two minutes or less, the company promises. Like solar leasing programs offered by installers such as SolarCity, loans allow homeowners to get into renewables with little or no upfront charges. The difference is that homeowners who lease don't build any equity in their systems. Mosaic taps crowdsourced i...

Full article: http://www.greenbuildingadvisor.com/blogs/dept/green-buil...

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We can help with that

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