News Column

United States : SunPower partners with ADMIRALS BANK

June 17, 2014

SunPower and Admirals Bank has been collaborated to provide loans to help make solar power more affordable for residential users.

This tie-up would finance a $200 million loan program over the next two years. Borrowers can apply for a loan of up to $60,000 to establish a SunPower system. Each loan is subject to credit approval and is available in all 50 states and Washington, D.C.

As per SunPower CFO Chuck Boynton,"In some cases, the loan payment may be equal to or less than a homeowner's current utility bill and, once the loan is paid off, the homeowner will own a system that can produce clean electricity for the life of the system. They may also benefit from increased home value as a result of the solar system on the roof."

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Source: TendersInfo (India)

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