Tuesday, June 25, 2024
HomeUncategorizedSunlight Financial would guarantee $2.5 billion for solar home loans.

Sunlight Financial would guarantee $2.5 billion for solar home loans.

Sunlight Financial knows that interest rates will grow as a result, so they’re focusing on mortgages. They are also in the process of launching a credit union, which will provide loans to solar businesses.

The lead platform financial services provider is putting $2.5 billion towards residential and grid-tied solar systems. The partnership with Credit Union to install 75,000 solar panels is going to continue. They are also going to buy solar systems for them.

Sunlight has financing options for installers. They offer pre-backed loans for five to 25 years. The company also provides quick credit decisions and can be integrated with any other company that has partnered with Sunlight.

The company has confirmed that it will be acquired by Spartan Acquisition Corporation in January, and they are expected to list on the NASDAQ shortly after. Sunlight Financial works with companies that make energy and companies that build homes to fund solar and home improvement programs.

Image credits: freepik.com/jcomp

 

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