Sunlight Financial debuts 30-year loans for home solar
Sunlight Financial is introducing a set of 30-year loan products for residential solar this week, 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 accessible for the right customer. Hundreds of Sunlight installation partners nationwide can 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.”
Sunlight’s digital point-of-sale platform is capable of delivering instant credit decisions and automated loan processing and funding to ease the process of offering financial options to interested homeowners.
More than 160,000 solar systems have been financed through Sunlight’s proprietary technology platform, Orange, as of December 31, 2021.
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