Dallas, TX (PRWEB) March 15, 2013
Solar panel manufacturer, 1Soltech announced that it will now refer residential solar panel customers seeking financing to Admirals Bank. This will allow 1Soltech to accelerate the benefits of solar use, which is revolutionizing the way people view the environment and how they can significantly contribute to a cleaner environment. 1Soltech expects to be able to accommodate thousands of homeowners by introducing them to Admirals Bank’s renewable energy lending program.
1Soltech is recognized for its leadership in producing solar panels that meet the needs of residential, commercial, and government clients. It is making a huge push towards educating their customers about the long-term benefits of residential solar. 1Soltech realizes that Admirals Bank’s renewable energy lending program will help remove the obstacle of the initial investment associated with installing solar power. 1Soltech customers eligible for Admirals Bank’s financing program will be able to install solar power, thus easing their transition from traditional energy to solar energy and allowing them to take advantage of the long-term benefits of solar power.
Admirals Bank, headquartered in Boston, MA, is an FHA approved lender and a leading national provider of the Home Improvement Loan. The Bank’s Renewable Energy Lending division, Admirals Alternatives, was built on the tremendous success of the program and is leading the way in offering homeowners financing assistance for residential solar energy projects. The Renewable Energy Lending experts at Admirals Bank saw a need for financing options specific to the renewable energy industry as the benefits of purchasing these systems far outweigh the benefits of leasing.
Unlike the solar leasing option, financing provided by Admirals Alternatives allows homeowners to be eligible for utility and government incentive monies reserved for purchasing home renewable energy systems. Homeowners have the option to use these financial benefits to pay down the principal of their loan and lower their monthly installment payments. The Admirals Alternatives division is comprised of a team of dedicated Relationship Managers who can pre-qualify an applicant in minutes and respond to any request or inquiry they may be presented with.
“At 1Soltech we are always looking for ways to extol the benefits of solar energy to our customers and reduce our environmental footprint,“ said founders Sandy and Zak Fardi. “We believe our customers will greatly benefit from the financing provided by Admirals Bank, and knowing that there is financing available will greatly increase their interest and ability to install solar panels in their homes. It will also help them lower their utility bill and most importantly, it will allow them to make a significant contribution towards a cleaner environment.”
Nick W. Lazares, Chairman and Chief Executive Officer of Admirals Bank commented, “Admirals Alternatives was created so homeowners across the United States could understand the value of owning renewable energy systems. Admirals Bank works with notable companies, like 1SolTech, but designed our loan products for the customer to make the purchase of these systems as simple and comfortable as possible.”
1SolTech is a Texas-based solar power manufacturing company located in Farmers Branch, TX. The company was founded in 2008 by Sandy and Zak Fardi and has become an industry leader in solar panel manufacturing. Their modules combine aesthetic and performance, are of the highest quality, cost-effective and top-rated in output power. The modules are ideal for residential, commercial, and utility applications. Their passion and commitment to a clean environment, the American economy, and to their customers, is what drives the company to manufacture “Quality… Made in the USA” products.
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. Admirals Bank continues to focus its 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. All loans are subject to credit approval.