Connect with us

Hi, what are you looking for?

CleanTechnica

Clean Power

Vivint Solar Offering Loans To Utah Customers

Leading rooftop solar company Vivint Solar and leading solar lending platform Mosaic are offering loans to Utah solar energy customers.

Vivint Solar has had a busy few months, not the least of which was its strong third quarter earnings reported back in the middle of November, which saw the company reveal increased installations and revenue for the third quarter of 2015. At the same time, however, Vivint Solar also announced that it was aligning with the United States’ leading residential solar lending platform, Mosaic, to provide loans to Vivint Solar customers for the full cost of solar energy systems.

Vivint-1The agreement between the two companies has resulted first in loans being provided to Vivint Solar customers in Utah, however Vivint Solar plans to extend this new loan offering option to residents in their other markets in the near future. The offered loans will allow customers the opportunity to “pay a low monthly payment” and will work just like a home mortgage, allowing customers to build equity in their solar energy system.

“We’re pleased that we can now offer another affordable financing solution to our customers,” said Chance Allred, Senior Vice President of Sales at Vivint Solar. “We want to provide our customers multiple products to choose from to enable them to ‘go solar.’ If a customer wants instant financing or wants to eventually own their own solar energy system, we can now help them do that.”

“Mosaic’s best-in-class technology platform and consumer-friendly loan products align with Vivint Solar’s mission to deliver an exceptional solar experience to consumers,” added Ted Fawcett, Vice President of Sales at Mosaic. “We’re pleased to work with the second largest residential solar company in the U.S. to make solar available to more customers in more markets.”

Earlier this week, Vivint Solar was again in the news, after it was revealed that SunEdison would be modifying its acquisition agreement with Vivint Solar, so as to mollify the concerns of SunEdison investors.

“We are excited to join the SunEdison team,” added Greg Butterfield, Vivint Solar’s chief executive officer. “We look forward to continuing to strengthen our leading platform in the residential and small commercial space.”

 

Advertisement
 
Appreciate CleanTechnica’s originality? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.
 
Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Written By

I'm a Christian, a nerd, a geek, and I believe that we're pretty quickly directing planet-Earth into hell in a handbasket! I also write for Fantasy Book Review (.co.uk), and can be found writing articles for a variety of other sites. Check me out at about.me for more.

Comments

You May Also Like

Clean Power

The solar power loan issuer Mosaic, based in Oakland, CA, recently announced two major milestones. It surpassed over $7 billion dollars in loans issued...

Cars

According to Atlas EV Hub, plugin vehicles hit a record 5.6% share of the automotive market in September, their greatest share of the market...

Clean Power

To preserve its unique natural environment and the regional economy, Moab and other Utah cities have created a pathway to procure 100% renewable power...

Aviation

A new $1 billion clean technology fund aims to push the envelope on sustainable aviation fuel, carbon capture, energy storage, and hydrogen.

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.