The marketplace is filling with more ways to build and finance solar projects at homes and businesses. Leasing solar systems is one option that is increasingly available and is currently the market leader.
But owning solar systems can be a better deal for homeowners, allowing them to keep more of the savings and value created by installing solar. Yet, many homeowners don't have $20,000 of disposable cash that they can put into a solar system and so solar ownership has been out of reach for many families and businesses.
But now, Admirals Bank has a product that will allow many more homeowners to own solar and not lease systems. The bank is offering loans of up to $40,000 nationwide for solar systems at a 4.5% rate.