Mosaic lowers home solar loan pricing (again)


The rise in solar PV system costs has been a hot topic of late, but the cost of financing solar projects remains a good deal. In fact, Mosaic is reducing prices across its entire lineup of solar loan products. This will surely benefit its solar installation partners, competing to offer the best pricing without compromising on system quality.

“The urgency around climate change and its impact on our communities continues to escalate, and we must make it as easy and affordable as possible for even more families to make the switch to solar this year,” said Billy Parish, founder and CEO of Mosaic. “We have been offering residential solar financing options longer than anyone else, which gives us more data with which to underwrite and price our loans. We’ve established ourselves as a leader in cost of funds through our disciplined approach and consistent performance, and we are passing the benefit of that advantage through to our customers.”

Mosaic has helped more than 200,000 homeowners switch to home solar and has issued more solar loan securitizations than any other solar issuer in the space.

Between 2017 and 2021, the company issued 11 solar loan securitizations, totaling $2.9 billion of offered securities. The company also repeatedly sets records for low cost of funds on bonds.

“Combining competitive pricing with MosaicScore, our proprietary solar loan credit score, we believe we are able to offer our partners the best combination of pricing and homeowner approval coverage available anywhere in the market,” said Parish.

For more on how Mosaic and the solar lending game has changed the past few years, check out this interview from our Pitch archives:

Have you checked out our YouTube page?

We have a ton video interviews and additional content on our YouTube page. Recently we debuted Power Forward! -- a collaboration with BayWa r.e. to discuss higher level industry topics as well as best practices / trends for running a solar business today.

Our longer running side project is The Pitch -- in which we have awkward discussions with solar manufacturers and suppliers about their new technology and ideas so that you don't have to. We discuss everything from residential rail-less deck attaching and home solar financing to large-scale energy storage value stacking and utility-driven new home solar + storage microgrids.


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