30 Jul '18, 7pm

Community banks and credit unions are finding success with #solar loans, according to new @NREL report.

Community banks and credit unions are finding success with #solar loans, according to new @NREL report.

Community and regional financial institutions (CRFIs), such as community banks and credit unions, are finding success with solar loans, according to a report from the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL). A new NREL report finds that a sample of 22 CRFIs are experiencing positive early performance of loans for photovoltaic systems. These findings, based on interviews and financial data collected from CRFIs across the U.S., are presented in an NREL report , “Solar Lending Practices by Community and Regional Financial Institutions,” which examines the experiences of CRFIs that have developed and launched PV loan products and describes the evolution of PV loans and their performance. The report also identifies data gaps that, if addressed, could support further development of these financial products, says NREL. The following figure shows th...

Full article: https://solarindustrymag.com/nrel-community-banks-credit-...

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