SunPower Corp. and Admirals Bank have partnered to provide a $200 million loan program for SunPower residential solar projects over the next two years.
The partnership supports the installer's loan program in the U.S. Under the program, borrowers may apply for a loan of up to $60,000 to install a SunPower system. Each partner's obligations are subject to the terms of the partnership agreement, and all loans are subject to credit approval.
SunPower's loan program is available in all 50 states and Washington, D.C. In several states, SunPower also offers the a lease program.