US-based Ipsun Solar, in collaboration with Climate First Bank and Montgomery County Green Bank, has introduced new financing solutions for Maryland homeowners. The program follows a Build, Operate, and Transfer model. Income-qualified Montgomery County residents can secure loans at 0% interest for the first 10 years, then 7.99% for the subsequent 20. Non-income-qualified homeowners receive a 4.99% rate for the first decade, followed by 7.99%. For residents outside the county, Climate First Bank offers a 7.75% rate. Loans span 366 months with no payments for the first six months. Eligibility requires a 680+ credit score and a 50% debt-to-income ratio. The financing covers solar installations, roof repairs, and energy storage. Homeowners can use the federal solar tax credit toward loan repayment, with re-amortization options available to lower monthly payments.
Ipsun Solar and Climate First Bank launch flexible solar loan options
The 30.5-year loan covers solar, energy storage, roof replacement, and electrical upgrades for Maryland residents. (Image Source: Ipsun Solar)
CleanCapital expanded its solar portfolio with Kendall’s 22.7 MW assets. (Image Credit/Source: TheOtherkev/Pixabay)
MN8 and Cambridge advanced clean energy with the Prairie Solar project, delivering renewable power and operations set by 2026. (Image Source: MN8Energy)
MSS ensured reliable healthcare services by powering its units with off-grid solar systems. (Image Source: Neosun Energy)
Securities fraud lawsuit against Enphase focuses on sharp declines in European revenue in 2023 and 2024. (Image Credit/Source: Pavel Danilyuk/Pexels)