#United States #Ipsun Solar #Montgomery County #OneEthos

Ipsun Solar Partners with Montgomery County Green Bank

Ipsun Solar, a community-focused solar energy company active in Virginia, Washington D.C., and Maryland, has recently announced its collaboration with Montgomery County Green Bank. This innovative partnership aims to provide affordable solar energy financing solutions to Montgomery County residents through the Green Bank's new consumer solar funding program, powered by OneEthos.

The Affordable Solar Program

The program is designed to make solar energy accessible to more residents by offering subsidized solar loans. As part of this initiative, residents living in Equity Emphasis Areas can benefit from loan rates of as low as 0%. Other residents are offered rates capped at 4.99%. This price reduction means that many Montgomery County residents may save an estimated $234,000 annually on their energy bills, enabling them to invest in sustainable energy solutions without the financial burden typically associated with solar installation.

Jim Cahill, General Manager of Ipsun Solar, expressed his excitement about this partnership, stating, "We're proud to partner with the Montgomery County Green Bank on this groundbreaking program that aligns perfectly with our mission of making solar power accessible to all." He emphasized that their commitment to delivering high-quality solar installations, alongside the innovative financing approaches from Montgomery County Green Bank, is a robust framework for supporting customers in saving on energy costs.

Streamlined Financing Process

One of the most significant advantages of this program is its streamlined lending process. Utilizing OneEthos's platform, borrowers can receive real-time loan decisions in as little as 30 seconds using Climate First Bank's services. This swift approval process enhances customer experience and increases access to solar energy.

Ipsun Solar's offering extends beyond just financial aid. The loans cover various essentials, such as the installation of solar panels, battery storage systems, and, if necessary, roof replacements that facilitate solar panel integration. This comprehensive support can significantly ease the transition to solar energy for Montgomery County homeowners.

Commitment to Community and Sustainability

Stephen Morel, CEO of Montgomery County Green Bank, highlighted the importance of this partnership, noting that "Ipsun Solar's proven track record in community-focused installations, commitment to quality, and dedication to providing equitable resources for underserved communities make them an exceptional partner for this program." He further commented on the ambitious goal for the first year of this collaboration, aiming to deploy $5,000,000 in consumer loans, with half of the installations targeted at Equity Emphasis Areas.

This initiative not only makes solar energy more affordable but also aligns with Montgomery County's broader mission of ensuring that clean energy solutions are accessible to everyone, thereby contributing to a more sustainable future.

Get Involved

Homeowners in Montgomery County interested in harnessing solar energy are encouraged to explore this program further. For more details, prospective customers can reach out to Ipsun Solar through their official website.

About Ipsun Solar

Ipsun Solar is committed to enhancing community access to solar energy in Virginia, Washington D.C., and Maryland. They focus on delivering high-quality solar installations tailored to meet the unique needs of each customer, promoting energy independence within communities they serve.

About Montgomery County Green Bank

The Montgomery County Green Bank is a nonprofit organization dedicated to supporting residents and businesses in adopting energy-efficient and clean energy technologies. By providing affordable financing options, the bank helps to drive investment into sustainable energy solutions across the region.

About OneEthos

OneEthos is a mission-driven financial technology company focused on providing equitable and sustainable financial services. They specialize in climate finance and work with various community financial institutions to offer responsible lending solutions that yield positive impacts on communities and the environment.