OAKLAND, California, January 22, 2020 / PRNewswire / – Mosaic, a leader in providing financing options for residential solar and home improvement projects in the United States, has overtaken $ 3 billion in loans funded through the company’s platform since its inception, a culmination of the efforts of its solar and home improvement business units.
This follows another major achievement from the solar pioneer: with funding from the Mosaic platform, solar power has been added to more than 100,000 homes, the equivalent of every home in a city the size of of Saint Louis being powered by solar energy.
“These milestones are proof that our mission to provide modern financing solutions for solar and energy efficient retrofits meets a real market need,” said Billy Parish, co-founder and CEO of Mosaic. “We expect our momentum to continue as more families seek to make their homes more comfortable, more durable and more resilient with solar power and home batteries, improvements in energy efficiency and other upgrades. “
Mosaic has accelerated the adoption of rooftop solar power by providing financing options for more than 780 MW of solar power. In 2018, Mosaic supported the reduction of 350,000 tonnes of CO2 – equivalent to planting 5.8 million young trees, according to a report by Energy Impact Partners.
Recent management announcements
Mosaic also announced that Erin talbot, formerly vice president and general manager of solar energy, has been promoted to director of loans overseeing both solar power and home improvement business units. Erin joined the Mosaic team a year ago and oversaw the launch of new fundraising products and significant growth through 2019. Her promotion follows the September announcement that Nagaraju Bandaru joined the Mosaic management team as CTO.
“Our leadership team brings some of the strongest track record in consumer lending and technology development to execute our growth strategies by bringing more flexible, competitive and streamlined products to market,” said Parish.
Overtaking $ 3 billion funded loans and the announcement of two new senior executives came at the end of an impressive year for Mosaic. The market has adopted the new Power switch 6 products launched earlier this year, which bundle several features designed to improve solar installers’ cash flow, streamline processing, expand markets and reduce customer acquisition costs.
Mosaic’s home improvement loan platform has also spurred the growth of the business with a growing network of partner contractors in HVAC, roofing, remodeling and more, along with its user-friendliness. point of sale application. The app enables home improvement contractors to provide homeowners with a straightforward financing process that offers clear payment terms and instant customer prequalification through any device.
Mosaic makes financing solutions for solar, solar energy storage systems and other home improvements accessible and affordable for homeowners by providing the industry’s easiest borrowing experience. Clients are referred by approved home improvement contractors and solar installers and can be instantly pre-approved for no down payment loans with fixed interest rates and multiple term options. For our network of hundreds of home improvement contractors and solar installers, Mosaic provides a streamlined financing platform to drive sales growth. Since 2012, Mosaic has helped more than 100,000 homes switch to solar with financing solutions. For more information visit joinmosaic.com.