Mosaic Exceeds $10 Billion in Loans Funded for Residential Solar and Sustainable Home Improvements

Demand for clean energy remains strong across the country

oakland, california, November 8, 2022 /PR Newswire/ — mosaicthe leading financing platform for residential solar and energy-efficient home improvements in the United States, today announced that it $10 billion with loans funded through its platform. This double-digit milestone for him comes just seven weeks after the announcement. $9 billion This indicates that the growth of clean energy fintech companies is accelerating.

“We are excited to continue helping more families transition to clean energy.” Billy Parrish, Founder and CEO of Mosaic. “Homeowners add solar to save money, which is especially important right now and is one of many factors driving the continued demand for clean energy across the country,” he said. ”

According to the “US Residential Solar Finance Update H2 2022” announced in 2022: October 2022 Residential solar loan volumes will continue to grow through the end of the year, according to Wood Mackenzie. The report explains that rising retail rates continue to make loans attractive compared to customers’ monthly utility bills, despite rising prices due to rising interest rates. Passage of the Control Inflation Act — which includes his 30% extension of the solar housing tax credit for 10 years — is expected to increase solar adoption in the United States in the near future.

“The Inflation Reduction Act is rich in consumer incentives and tax breaks that encourage adoption of clean energy products,” Parrish added. “Families can save tens of thousands of dollars over the lifetime of the solar system.”

Experts agree that interest in the industry is currently growing. The U.S. job market has also taken notice of this momentum, with three of his four U.S. adults considering clean energy and solar jobs, reporting it as the industry of most interest. It has been. For more information on Voice of the Job Market, visit his website at: https://joinmosaic.com/2022/11/01/clean-energy-jobs-survey/.

About Mosaic

By providing a quick and easy way to apply for financing options, Mosaic helps homeowners access and affordably afford solar, solar and energy storage systems, and other sustainable home improvements. Make it fundraising. Customers can learn about her Mosaic through approved solar installers and home improvement contractors, as well as the rest of her ecosystem of partners, and in minutes about no down payment loans with fixed interest rates and multiple term options. You can get a credit decision. Loans applied for and processed through the Mosaic platform are initiated by either Solar Mosaic LLC or its lending/financing partners. Mosaic provides a streamlined financing platform for a network of thousands of solar installers and home improvement contractors to drive sales growth. Since 2012, Mosaic has helped over 300,000 of her households make the switch to sustainable home renovations using its financing products.

source mosaic

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