Mosaic, a provider of solar financing solutions for homeowners, has announced a strategic loan origination partnership with SunTrust Bank.
The partnership focuses on solar loan origination, helping to accelerate the growth of solar energy systems, batteries and related clean energy solutions for U.S. homeowners.
The announcement follows Mosaic’s recent rollout of the PowerSwitch 6 suite of home solar loans to its installation partners. The PowerSwitch 6 offering combines new features and loan structures designed to improve installers’ cash flow, streamline processing and lower installers’ customer acquisition costs.
“The Mosaic / SunTrust Bank partnership is an exciting step in our mission to empower millions of people to prosper from clean energy,” says Billy Parish, founder and CEO of Mosaic. “As an industry leader in solar financing, having SunTrust Bank as a direct origination partner will expand funding and streamline the experience for homeowners and our installer partners.”