Banks, Manufacturers Offer New Ways to Finance Solar

Washington, DC [MarketWatch] Homeowners can often finance the hefty upfront costs of installing solar panels with the help of financial firms and solar companies that offer funding for “green” projects. … New Resource Bank and solar manufacturer SunPower have teamed up to offer Solar Home Equity Loans … Sharp, one of the biggest manufacturers of solar cells, paired up with CitiMortgage … Wainwright Bank & Trust, a Boston firm, offers a fixed-rate home-equity “green loan” … Pennsylvania-based AFC First Financial Corp. offers homeowners up to $20,000 to finance home energy-efficiency improvements through its EnergyLoan program. The loans can be used for the installation of solar-energy systems.

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