Mosaic Surpasses $10 Billion in Loans Funded for Residential Solar and Sustainable Home Improvements

Demand for Cleanse Energy Continues to be Robust Across the Nation

OAKLAND, Calif., Nov. 8, 2022 /PRNewswire/ — Mosaic, a top funding system for U.S. residential solar and electricity-economical home advancements, currently announced it has surpassed $10 billion in loans funded through its platform. This double-digit milestone comes just seven weeks following saying $9 billion in financial loans funded, showing accelerated growth for the cleanse electrical power fintech company.

“We are excited to continue to aid far more family members make the transition to thoroughly clean vitality,” claimed Billy Parish, founder and CEO of Mosaic. “House owners increase solar to save funds, which is particularly critical suitable now, and is a single of the many things that is driving the ongoing demand for cleanse electricity across the state.”

In accordance to the “U.S. residential photo voltaic finance update H2 2022” introduced in October 2022 by Wood Mackenzie, residential solar loan volumes will carry on to mature through the stop of the 12 months. The report clarifies that expanding retail premiums go on to make financial loans appealing as opposed to customers’ regular utility charges despite enhanced pricing owing to greater fascination charges. The passing of the Inflation Reduction Act — which contains a 10-year extension of the photo voltaic residential tax credit history at 30{5e8d5e6d3ec6f86b3ba11321f56f956b46cb0773559b038c125856e14d584eaa} — is also expected to increase solar adoption in the U.S. for the foreseeable potential.

“The Inflation Reduction Act is loaded with consumer incentives and tax breaks that will generate the adoption of clean energy merchandise,” extra Parish. “People can help save tens of hundreds of bucks about the lifetime of a photo voltaic process.”

Experts concur that fascination in the marketplace is crescendoing correct now. So much so that the American job sector has also taken take note of this momentum, with 3 in 4 U.S. grown ups expressing they would consider a task in cleanse electricity and solar currently being reported as the prime business of fascination. For additional information on what the job industry is expressing, check out https://joinmosaic.com/2022/11/01/clear-energy-work opportunities-study/.

About Mosaic

Mosaic will make financing photo voltaic, photo voltaic as well as strength storage techniques, and other sustainable dwelling advancements accessible and reasonably priced for home owners by providing a rapidly and easy way to use for funding selections. Shoppers discover about Mosaic by way of permitted solar installers and dwelling advancement contractors, as well as other ecosystem associates, and can get a credit score choice in minutes for no funds down financial loans with mounted curiosity fees and a number of time period options. Financing utilized for and processed by way of the Mosaic system is originated by Solar Mosaic LLC or a person of its lending/financing associates. For our network of thousands of solar installers and household enhancement contractors, Mosaic offers a streamlined financing platform to travel sales advancement. Since 2012, Mosaic has served far more than 300,000 homes swap to sustainable home advancements with its financing merchandise.