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New Financing Program Makes Residential Solar Energy Systems More Accessible

Posted by Home Energy on November 02, 2006

New Resource Bank and SunPower have teamed up in an effort to make residential solar systems more accessible to California homeowners.

New Resource Bank, a new commercial bank in San Francisco that finances efficient and sustainable resources within the community, will now provide simple and one-step financing to customers who want to install SunPower residential solar systems.

The bank's financing program offers long-term financing over a 25-year loan period that matches SunPower's solar panel warranty. This allows homeowners to make monthly payments that are comparable to the cost of monthly electric rates, while generating their own electricity.

As New Resource Bank's founder and vice chairman, Peter Liu, said, the program is "making it affordable for people to go solar."

For more information, visit New Resource Bank and SunPower Corporation.

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