星期四, 5月 6, 2021
Home PV News New Mosaic residential solar loan option requires no payment for first year

New Mosaic residential solar loan option requires no payment for first year

Source:Mosaic

Mosaic, a provider of financing solutions for residential solar and energy-efficient home improvement projects in the U.S., announced the launch of a new solar financing offering: PowerSwitch ZERO. The loan keeps cash in homeowners’ pockets with no payments required during the 12-month promotional period preceding a 10-, 15- or 20-year repayment period. It’s an industry game-changer that responds to an immediate need to put solar installers back to work after the economic slowdown associated with COVID-19.
To make sales even easier and to allow installers to practice social distancing, PowerSwitch ZERO uses Portal 2X. This proven sales tool is contact-free and built to facilitate quick and seamless sales transactions. The sales representative can provide a quote, obtain pre-approvals and finalize loan terms from any mobile or desktop device. Additionally, the contractor onboarding process has been simplified, meaning installers new to Mosaic can begin selling PowerSwitch ZERO faster than ever before.
“The solar industry employs nearly a quarter of a million Americans. PowerSwitch ZERO lets solar crews help American families get the clean energy that they want,” said Billy Parish, founder and CEO of Mosaic. “This innovative zero-payment period combined with the simplest and safest way for a customer to apply for financing will accelerate sales, help families manage their cash flow, and advance our vision of clean energy for all.”
The first-of-its-kind PowerSwitch ZERO features:
12-month zero-payment promotional period
Choice of 10-, 15- or 20-year standard installment term following the promotional period
No pre-payment penalty
Financing for solar projects, solar with batteries and solar for second homes and rentals, as well as other energy-efficient upgrades or re-roofing
Portal 2X features:
Contact-free selling from any mobile or desktop device
Flexible account creation to match your sales process
Automated text or email to walk customer through a simple process
Near-instant pre-approvals
Easy access to your sales pipeline
PowerSwitch ZERO joins two other loan structures offered through Mosaic: the original PowerSwitch CHOICE and the PowerSwitch PLUS, released last year for homeowners who wish to include re-roofing projects and/or other energy efficiency upgrades.
All PowerSwitch ZERO Loans made by WebBank, Member FDIC, Equal Housing Lender. The introduction of PowerSwitch ZERO follows Mosaic’s recent announcement that it completed a $280 million solar loan securitization and was named winner of GlobalCapital’s “Esoteric ABS Deal of the Year” award for outstanding achievement in U.S. structured finance.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

SEIA Devises Tool to Increase Solar Supply Chain Transparency

U.S.-based Solar Energy Industries Association (SEIA) has come up with a tool to increase supply chain transparency. The mechanism is likely to help ensure...

CERC Asks SECI to Compensate Solar Developer for Impact of Safeguard Duty

The Central Electricity Regulatory Commission (CERC), in a recent order, directed the Solar Energy Corporation of India (SECI) to compensate a solar developer for...

SHV Energy Acquires Majority Stake in Distributed Solar Company SunSource

SHV Energy, a Netherlands-based global distributor of liquefied petroleum gas (LPG) has acquired a majority stake in India-based distributed solar company SunSource Energy. The...

Haryana Releases Draft Solar Power Policy, Invites Suggestions

The New and Renewable Energy Department, Haryana, has issued the draft ‘Haryana Solar Power Policy, 2021,’ and requested government stakeholders to send their comments...