According to a recent report by the Lawrence Berkeley National Laboratory, the addition of a solar array can significantly increase the value of a home. However, purchasing a system outright is out of reach for many homeowners. That’s where solar loans come in to play.
Yesterday, Vivint Solar announced a new partnership with Mosaic to provide solar loans to its customers in Utah. The loans can cover the entire cost of the solar 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.”
Homeowners will also have the option to keep the solar federal income tax credits and any state and local incentives for which they are eligible.
“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,” said 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.”
After the initial roll out in Utah, Vivint plans to expand the program to homeowners in other markets.