星期三, 九月 30, 2020
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

Apple data center in Denmark powered by 50 MW of solar

Apple has revealed that its data center in Viborg, Denmark, is now being powered by a 50 MW solar project under a long-term power...

Solar + storage experiment in Tampa Bay selected for Solar Energy Innovation Network project

An innovative solar + storage research project led by the Tampa Bay Regional Planning Council has been selected as a finalist for the Solar...

Chinese PV Industry Brief: 350 MW wind-solar project, 200 MW of floating PV

Longyuan Energy said this week that it has signed an agreement with the municipal authorities in Binzhou, Shandong province, to build 300 MW of solar...

IEEE creates education and credentialing program for interconnecting distributed resources to the grid

IEEE and the IEEE Standards Association (IEEE SA) announced the IEEE Std 1547-2018 Distributed Energy Resources (DER) Interconnection Commissioning: Education and Credentialing Program, a new...