The Montgomery County Green Bank Offers Flexible Financing
The Montgomery County Green Bank is helping Montgomery County residents access flexible financing for solar systems! The Clean Energy Advantage Program offers:
- Preferred interest rates of 5%, which are below the offering of the lenders in the market.
- Up to 100% project financing.
- No prepayment penalties.
- Two loan options:
- Short term (12 to 18 month) – Loans to cover the 26% 2020 income tax credit-eligible portion of the project. This loan has no current payments and is designed to be repaid in full after the homeowner obtains its tax benefit.
- Long term, fixed rate (12 and 15 year) – Loan to cover up to 74% of the project costs. This loan has level monthly payments for the term of the loan.
- Not a mortgage or equity line so no additional debt on the property.
Interested? The co-ops chosen solar installer can help you enroll in the program.
Check out the Montgomery County Green Bank’s website for more information.
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