Ipsun Solar announced it is partnering with Montgomery County Green Bank on its innovative consumer solar financing program with OneEthos. The program provides Montgomery County residents with access to subsidized solar loans with rates ranging from 0% for residents of Equity Emphasis Areas to 4.99% for all other residents. This initiative is expected to save Montgomery County residents approximately $234,000 annually on their energy bills.
“We are proud to partner with the Montgomery County Green Bank on this groundbreaking program that perfectly aligns with our mission to make solar energy accessible to everyone,” said Jim Cahill, CEO of Ipsun Solar. “By combining our expertise in high-quality solar installations with Montgomery County Green Bank’s innovative financing solutions, we can help more homeowners, especially those in underserved communities, access the savings and environmental benefits of clean energy. Our focus on quality ensures that each installation meets the specific needs of Montgomery County residents while maximizing their energy savings.”
Through this program, Ipsun Solar customers in Montgomery County can access loans that can cover solar panel installation, battery storage and necessary roof replacements. The lending process is streamlined through OneEthos’ platform, which provides real-time lending decisions in 30 seconds through Climate First Bank.
“Ipsun Solar’s proven track record of community-based installations, commitment to quality and dedication to providing equitable resources to underserved communities make them an exceptional partner for this program,” said Stephen Morel, CEO of Montgomery County Green Bank. “This partnership will help us make progress toward our goal of issuing $5,000,000 in consumer loans within the first year of the program, with half of installations prioritized for Equity Emphasis Areas. This aligns with our mission to make clean energy and climate-resilient solutions accessible and affordable for everyone in Montgomery County.”
News item from Ipsun Solar
