JinkoSolar and GreenSky, a Georgia-based financial technology company, have teamed up to begin offering residential solar financing throughout the U.S.
JinkoSolar says installers that purchase its solar PV modules can now register to use GreenSky’s competitive loan program and its technology platform, which includes a mobile application to help installers get homeowners approved in a paperless process. There will also be a call center to help installers or homeowners with any questions. Furthermore, JinkoSolar says its installer customers can receive progress payments on each installation, creating better cashflow and an opportunity to tackle more jobs.
“Many installers are technically proficient but lack the financing options that appeal to homeowners,” says Jeff Juger, director of business development of JinkoSolar (U.S.) Inc. “This program will give our installers a competitive edge as homeowners increasingly look to own their own solar systems.”
The program is available immediately in all 50 states.