The company reports that since 2012 it has provided loans for more than 200,000 households to help them make sustainable home improvements.
Mosaic surpasses $6 billion in loans for residential solar installations and sustainable home improvements
The race to the bottom for interest rates has been a trend in recent years, and Sunlight is the latest to join the party.
Job moves in solar, storage, cleantech, utilities, and energy transition finance.
Also on the rise: Mosaic announces a $1.5 billion loan program for solar and storage, New Jersey levies a fine for damage related to a solar project, and SunPower deleverages its balance sheet.
Also on the rise: A community-based canopy solar project is under way in New Jersey, Mosaic securitizes a bundle of solar loans and Strata Solar rebrands as it looks to other cleantech offerings.
The two new options, 0.99% APR for a 20-year loan and 1.99% APR for a 25-year loan, come at a time when installers and homeowners are increasingly cost-conscious, especially considering the impending ITC step-down.
A recent report by Wood Mackenzie has asserted that U.S. residential solar finance will “falter” in 2020 has been dubbed the “worst forecast of 2020” by a prominent industry figure. And while the market seems to be sustaining financial health, decreasing installation figures could be cause for concern.
Outside of a 12-month promotional period where customers don’t have to make payments on the system, Mosaic’s newest offering, PowerSwitch Zero, also includes a contactless sales tool and and installer partnership product.
Executive and boardroom moves in solar, storage, cleantech, utilities and energy VC.
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