The joint offering taps into the federal solar investment tax credit, as well as state and local rebates. Prospective customers can access Sungevity's iQuote online system to apply for approval for up to $100,000 through Mosaic's online portal. Sungevity handles solar system design and installation and will manage ongoing system maintenance and monitoring. Sungevity also guarantees the system's performance for 20 years.
Sungevity is currently offering Mosaic loans for grid-tied residential solar installations in California, Connecticut, Massachusetts, New Jersey, New Mexico, New York and North Carolina and will soon expand to Delaware, Maryland and Rhode Island.