30-year residential solar loans now available through Sunlight Financial

Sunlight Financial announced a new suite of 30-year loan products for residential solar. Available at Annual Percentage Rates (APRs) of 1.99%, 2.99%, and 3.99%, Sunlight’s 30-year loans reduce monthly payments for residential solar systems, making solar more affordable and accessible. Hundreds of Sunlight installation partners nationwide now offer Sunlight’s 30-year loans to their customers.

“Sunlight enables a homeowner to finance a residential solar system in the same way they likely financed their home — with a 30-year loan,” said Matt Potere, CEO of Sunlight Financial. “The 30-year mortgage is by far the most popular home loan, which is why Sunlight is excited to be the first company to enable installers nationwide to offer 30-year solar loans. Our latest product enhancement will reduce monthly payments, facilitating homeowners’ transition to clean and affordable renewable energy.”

Sunlight’s digital, end-to-end point-of-sale platform delivers instant credit decisions and automated loan processing and funding, creating a seamless process for the sale of residential solar systems and other home improvements. Through thoughtful risk management, Sunlight has delivered outstanding loan performance and industry-leading credit quality to its diverse set of capital providers. The more than 160,000 solar systems financed through Sunlight’s proprietary technology platform, Orange, as of December 31, 2021, will produce enough solar energy to avoid the emission of nearly 28 million metric tons of carbon dioxide into the atmosphere.

Prospective installation partners can learn more and apply to partner with Sunlight at https://sunlightfinancial.com/enroll/.

News item from Sunlight Financial

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Original Source: https://www.solarpowerworldonline.com/2022/04/30-year-residential-solar-system-loans-sunlight-financial/