Written by: Leonard Parker | Solar News | 12th July
In alignment with its core mission to reverse the global climate crisis, values-based community bank, Climate First Bank has unveiled its solar energy loan programs with a special focus on residential and commercial uses.
Climate First Bank’s solar energy loan programs are competitive and transparent with minimal closing fees. The residential solar loan program offers three tiers of financing starting at a 4.08% APR** rate for 12 years. The commercial solar loan program offers a flexible term and structure as Climate First Bank understands financing is unique to each business’s needs. Enhanced by the most modern technology, the bank also provides businesses with an expedited approval process.
“Climate First Bank is committed to helping residents and businesses make the transition towards sustainable solar energy. With transparent and easy to understand financing, we make the investment simple, worry free and financially sound,” said executive VP, Tampa Bay market executive and government guaranteed executive Valarie Nussbaum-Harris. As a knowledgeable lending professional, Nussbaum-Harris applied her expertise to develop the loan products.
“There’s no catch, no unexpected installer fees, no bait and switch — Climate First Bank is offering one of the most competitive programs in the country,” said Ken LaRoe, founder and CEO of Climate First Bank. LaRoe has extensive experience with dedicated solar loan options having helmed a prototype of the programs at his previous bank, First GREEN Bank, before being sold.
The solar loan programs align with Climate First Bank’s mission to achieve “Drawdown” or reduce levels of atmospheric carbon dioxide. Holding itself to a high standard of sustainability, Climate First Bank has been committed to driving carbon neutrality from Day 1.
**Annual Percentage Rate (“APR”) is current as of June 17, 2021. Loan subject to credit approval. APR, number and amount of payments are based on an example loan amount of $30,000 for the stated loan term: 12-year term – 4 interest-only payments followed by 14o payments of $268.40; 15-year term – 4-interest only payments followed by 176 payments of $239.36;
20-year term – 4-interest only payments followed by 236 payments of $198.67.
News item from Climate First Bank