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.
Solar loans overtake third-party as dominant residential solar model
While residential solar leases and PPAs peaked in 2016, GTM Research is now predicting that solar loans will represent nearly half the market this year.
Mosaic, Sunrun lead residential solar finance
GTM Research finds that the loan provider has become the largest residential financier overall, while Sunrun leads in the third party solar space.
Sunlight Financial raises $225M for residential solar loans
The residential solar finance provider sees the capital covering approximately 9,000 solar loans at $25,000 each.
Sunlight Financial secures $400 million annually for solar loans
Technology Credit Union will commit $400 million annually for residential solar loans, as part of an extension of its partnership with Sunlight Financial.
Mosaic secures $307 million more against its loan portfolio
The company says the $307 million is the largest solar loan securitization issued to date and that this will not be its last.
Goldman Sachs buys $300 million in Mosaic solar loans
The U.S. solar financing provider claims it has originated over $1 billon of loans for homeowners to date.
Spruce sells $250 million in solar and energy efficiency loans
This is the second sale of loan assets for the company, which has experienced significant staff reductions and turnover in its executive positions.
Sunlight Financial secures funding for 20,000 home loans
A $500 million commitment from Technology Credit Union is the latest sign of growth in the residential solar loan space.
