Vivint Solar, a provider of distributed solar energy systems, has aligned with Mosaic, a solar financing company, to provide loans to its customers for the full cost of solar energy systems.
Loans are currently being offered to Utah residents, and Vivint Solar plans to extend this new loan offering, with the help of its new financing partner, to residents in other markets in the near future.
The loans will provide customers the opportunity to pay a low monthly payment. Just like a home mortgage, customers can build equity in their solar energy system and can enjoy years of free, clean energy once the loan is paid off. Customers have the option of keeping the solar federal tax credits and any state and local incentives for which they are eligible.
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“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.”
Vivint Solar’s customers pay little to no money upfront, receive significant savings relative to utility-generated electricity and continue to benefit from guaranteed energy prices over the 20-year term of their contracts. Vivint Solar finances, designs, installs, monitors and services the solar energy systems for its customers.
— Solar Builder magazine
[source: http://solarbuildermag.com/news/vivint-solar-loans-mosaic-platform/]
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