Boston, MA 06/17/2014 (wallstreetpr) – SunPower Corporation (NASDAQ:SPWR) and Admirals Bank are coming together with a $200 million loan funding program. It is a specific program to develop the residential solar systems in the next two years. The SunPower Customers can avail the loan funding at preferred lower interest rates. It is a means to get the clean electricity and increased home value by using solar system.
SunPower® Loan program
The strategic partnership between SunPower Corporation (NASDAQ:SPWR) and Admirals Bank will come under the SunPower® Loan program. As per the program, the homeowners who intend to buy the SunPower solar systems can opt for the financing options. They can apply for the loan funds up to $60,000 to get the SunPower system. There are several financing options available for the customers. They can choose as per their preference and needs. All the loans will be subject to credit approval. Also, there are different terms and conditions of partnership with the different firms.
The preference for SunPower Systems
Admiral Banks is one of the financial institutions providing loans for the residential solar power system. The bank supports the technology and uniqueness of the SunPower Systems. It considers the SunPower products as one of the finest products with the best performance in the industry. It is the reason the bank is providing preferred interest rates for getting the SunPower solar systems.
Two-way benefit
It will be a two way benefit. The customers as well as SunPower Corporation (NASDAQ:SPWR) will benefit with the partnership. A company can get in more sales conversion, and the consumers can get the best products of the industry. The bank believes to provide the best schemes to the consumers so that they can maximize their savings while buying the important products. They will even make substantial savings on the utility bills. The loan for the SunPower systems will be available in all 50 states.
