Boston-based Admirals Bank and California-based SunPower Corp.have partnered to provide a $200 million loan program for SunPower residential solar projects over the next two years.

The partnership supports the SunPower Loan program in the U.S., expanding the financing options available to homeowners interested in owning solar power systems. Under the program, borrowers may apply for a loan of up to $60,000 to install a SunPower system. Each partner’s obligations are subject to the terms of the partnership agreement and all loans are subject to credit approval. The program is available in all 50 states and Washington, D.C.

"As a lending leader for residential solar power systems, Admirals Bank understands the unique value proposition that SunPower’s proven, high performance solar technology offers," Admirals Bank Chairman and CEO Nicholas W. Lazares said in a statement. "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."