KeyBank, N.A. and Dividend Finance are partnering on a new financial program to help homeowners add solar and energy storage systems to their homes to gain energy independence. These services will be offered in 35 states across the nation.
“Dividend’s ability to provide KeyBank access to new households while optimizing our funding strategy creates great alignment. This landmark partnership is a testament to our platform’s bankability and furthers our mission of promoting the adoption of renewable technologies,” said Eric White, Dividend’s Chief Executive Officer.
Dividend is a national provider of solar and home improvement financing solutions, and KeyBank, headquartered in Cleveland, has a renewable energy portfolio investment of more than $3.3 billion, mostly focused in the commercial space. This partnership with Dividend will now allow KeyBank to expand its focus to homeowners who want to invest in solar energy and create potential long-term savings by turning utilities into long-term predictable expenses – helping them to take control of their financial wellness.
According to the U.S. Energy Information Administration, electric energy prices have increased by almost 15% over the past 10 years and are forecasted to continue to increase going forward.
“Empowering homeowners to invest in this growing solar technology – and helping to make it affordable for them to do so – will help our clients take control of rising utility costs and their financial future,” said Chris Manderfield, Director, Head of Product Management for Consumer Segment for KeyBank.
— Solar Builder magazine