Admirals Bank and GreenSky Credit offer unique programs that make it easier than ever for individuals to purchase the solar system they need. These solutions offer homeowners the chance to manage the initial costs of a solar install, and were specifically designed for those with and without equity in their home, helping to further ensure that the system needed is within reach.
Greensky Program Overview
• Paperless apply & buy – no documents sent back and forth
• No contracts or completion certificates required for funding
• High approval rates
• Borrower can have work performed at any location
• Credit Limits up to $55,000
• Staged funding available
• Co-Signers are welcomed
• Off-grid, grid-tie battery backup and grid-tie systems are all eligible
Admiral’s Bank Program Overview
• Secured loans for up to $25,000 at fixed rates from 6.95%-11.95%
• Unsecured loans for up to $7,500 at fixed rates from 7.95%-13.95%
• 5, 7, 10, 15, and 20-year payment terms available
• No pre-payment penalties
• Tax deductible interest (for secured loans only)
• Funds are disbursed before work begins
• Funds are only for home improvements
You may also call 1-800-715-8472 or apply online at http://www.admiralsbank.com.
A third financing option that many homeowners find attractive is a loan through a local bank or credit union. Many installers successfully close additional deals by simply providing a list of local lenders for customers to contact at their convenience. It is often helpful to speak to the manager at each establishment and introduce your business as it can help to further expedite applications.