This initiative resulted in solar panels being installed in over 100 Durham, CT homes, producing over 1.017 million watts of clean energy.
Durham, CT – Admirals Bank, innovator of Solar Step Down financing and pioneer in the Renewable Energy Lending industry, recently participated in an initiative, called the Solarize Connecticut - Durham Project. This initiative resulted in solar panels being installed in over 100 Durham, CT homes, producing over 1.017 million watts of clean energy.
The exclusive solar panel installer chosen by Durham, CT for this project referred customers who were interested in financing options to Admirals Bank*. As a result of these financing options, many homeowners were able to obtain the funds necessary to purchase their solar systems.
Of the four towns that participated in Solarize Connecticut, Durham outshined the competition by installing solar systems on 117 homes. Admirals Bank is proud to have had the opportunity to work with Durham homeowners to provide financing and contribute to the success of this initiative.
Ryan Wells, Director of Renewable Energy Lending at Admirals Bank commented, "It is imperative that homeowners understand the value of owning these solar systems as opposed to the lease or purchase power agreement [PPA] options. Our financing programs have proven to influence many homeowners' purchasing decisions in local communities, like Durham and on a national level."
Based on the notable success of this campaign Admirals Bank announced its plans to participate in the 2013 Solarize Connecticut and Solarize Massachusetts initiatives.
For more information regarding Admirals Bank Renewable Energy Lending please visit admiralsbank.com/renewable-energy-lending or call 800.615.8472 to speak with a Relationship Manager.
About Admirals Bank
Admirals Bank is a federally-chartered financial institution headquartered in Boston, MA with a Regional Banking Center in Providence, RI. Admirals Bank is an active acquirer of commercial real estate loans in the secondary market and also remains a leading national provider of the Title I Home Improvement Loan. Since last year, Admirals Bank has focused its Title I lending efforts in the residential solar and renewable energy industry. Admirals Bank also offers customers additional borrowing options such as Residential Mortgages and Personal Loans. Admirals Bank provides customers with classic banking options such as checking, savings and money market accounts, which can be conveniently opened and maintained online or via a mobile device. Admirals Bank also introduced Bespoke Banking to the financial industry, which is individually tailored, highly customized, relationship banking. Admirals Bank is an Equal Housing Lender and Member FDIC.