SunPower and Admirals Bank announced a $200 million loan program for residential solar projects. Available over the next two years in all 50 U.S. states, the program allows residents to borrow up to $60,000 for a SunPower system.

This partnership adds to the growing list of financing options for the rapidly expanding residential solar sector. Admirals Bank said it will offer preferred interest rates for homeowners, which are subject to credit approval. Participants will also be able to apply the 30% federal tax credit and any other local incentives to their system.

“Admirals Bank understands the unique value proposition that SunPower’s proven…solar technology offers,” said Admirals Bank chairman and CEO Nicholas W. Lazares. “For that reason, under this program, we are offering preferred interest rates for homeowners who choose SunPower solar energy systems. Admirals stands behind families and communities that choose to maximize their savings and minimize their carbon footprint.”