Canadian Solar Launches Financing Programme for US Residential Market
From PV Tech
Canadian Solar has targeted the US residential solar power market by launching the Canadian Solar Residential Financing Program, in partnership with Admirals Bank, a Boston, Massachusetts-based financial institution.
Launched on Monday, the programme will involve direct loans to homeowners for installing residential solar photovoltaics (PV) and other renewable energy systems. Loans will be available up to the value of US$40,000, depending on credit status. Under the programme, in addition to approving and lending financial assistance, homeowners will be aided by Canadian Solar in selecting the appropriate systems and modules for their home installations.
Canadian Solar claims that the new system will reduce the complexity of project planning as well as speeding up procurement and financing. Homeowners will be given loans to pay installers directly before installation work takes place, with the aim of relieving financial pressure and uncertainty on installers.
By posting your comment, you agree to abide by our Posting rules