Admirals Bank Offers Solar Financing to Help Build a Sustainable New York Community

2066

Admirals Bank announces it will work with EmPower Solar to offer residents of Breezy Point, New York financing options to purchase solar systems for their homes. As part of the the Breezy Solar Bank initiative, EmPower Solar will add $200 to a Breezy Solar Bank for each resident of Breezy Point, Rockaway Point, and Roxbury, New York who goes solar. The funds will be used to help finance a solar project at one of their community buildings.

 

Admirals Bank has announced it will participate in a valiant effort alongside EmPower Solar to offer residents of Breezy Point, New York financing options to purchase solar systems for their homes.

As part of the the Breezy Solar Bank initiative, launched by the Breezy Point Green Committee, EmPower Solar will add $200 to a Breezy Solar Bank for each resident of Breezy Point, Rockaway Point, and Roxbury, New York who goes solar. The funds will be used to help finance a solar project at one of their community buildings, which will be chosen at a later date by the Breezy Point Green Committee.

Admirals Bank offers financing options to Breezy Point residents who want to purchase a solar installation, simplifying the purchasing of residential solar panels for the Breezy Point Community. The bank’s non-equity-based loan programs allow homeowners to apply for up to $40,000 for a residential solar system. Making the solar process easier incentivizes more homeowners to go solar — and for this initiative, the more homeowners who go solar, the more money EmPower will donate to the Breezy Solar Bank.

“Our goal is to make solar more attractive and affordable in the Breezy Point Community,” said Ed Steins, Director of National Sales for Renewable Energy Lending at Admirals Bank. “It is our pleasure to contribute to this momentous initiative and to be a financing resource for these communities.”

According to Admirals bank, the loan programs can also be used for the purchase of additional energy-efficiency products and, if required prior to solar panel installation, re-roofing.

“Breezy Point, Rockaway Point, and Roxbury, New York, are ideal markets for a project like this,” added Steins. “In addition to the 30% federal tax credit, residents can also take advantage of various state and New York City solar incentives, making the purchase of a solar system very appealing.”