Indigenous people’s sustainability legacy empowered in Ontario solar initiative
The program offers citizens of the Métis Nation in Ontario, Canada a one-time, forgivable loan toward installing a rooftop solar system.
Sunrise brief: Residential solar is getting crushed by high interest rates and regulatory changes
Also on the rise: U.S. Energy Department announces $3.5 billion to shore up electric grid. Briggs & Stratton launches new lithium iron phosphate battery packages. And more.
Sunlight Financial struggles for survival
In its recent quarterly earnings report, Sunlight Financial disclosed nearly $550 million in underwater residential solar loans, after which it executed a 20:1 reverse split to bolster their stock price, aiming to maintain it above $1/share to avert delisting.
Sunrise brief: Sunlight Financial challenged to sell $550 million in residential loans
Also on the rise: Nikola bags $58.2 million for hydrogen stations to fuel heavy-duty vehicles. How New York State can stay on track with green-grid goals. And more.
Mosaic solar finance company reaches $7 billion in loans funded
The milestone occurred just months after Mosaic achieved $6 billion in loans funded and reduced pricing across its entire suite of solar loan products.
Sunlight Financial secures $2.5b for home solar loans
The new commitment builds on the solar financing platform’s existing business with a Silicon Valley-based credit union.
Mosaic launches new loans with the lowest rates the market has ever seen
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.
BNP Paribas expands Mosaic warehouse facility to $200 million, extends term
Solar loans became more popular than third-party-owned solar in early 2018 and are now the financial tool of choice for homeowners.
Big solar coming (back) to Montana, banks feeling the heat over alleged DC Solar ponzi scheme: pvMB 4/18/19
Welcome to pv magazine USA’s morning brief. Today we bring you SunGrow’s new energy storage system, potential changes to the prime farmland rule in North Dakota, and PosiGen raising $20 million to deploy low- and middle-income solar.
A loan for your PV system & your new roof too
Mosaic has unveiled a more versatile loan product with a variety of innovations, including allowing households to qualify on the basis of total income, as well as an option for full amortization at the inception of the loan.
