PowerPay branches into home solar financing – Renewables Now


May 13 (Renewables Now) – US monetary expertise agency PowerPay, a supplier of client lending for home enhancements and elective healthcare, this week stated it’s branching into financing for residential solar amid continued quickly rising demand for sustainable energy.

The firm’s solar financing programme will present 20-year and 25-year loans of as much as USD 100,000 (EUR 96,000) with charges beginning at 2.99%. Besides solar panels, financing might cowl batteries, turbines, roofing and all set up prices.

PowerPay co-founder David Haas stated the corporate sees potential to construct solar right into a multibillion vertical.

“Many of our existing home improvement clients already offer solar and have been anxious for us to roll out this program. The market is huge and growing,” commented Haas.

PowerPay says it offers client financing companies to greater than 8,000 contractors and has processed USD 1 billion in loans since its creation in 2020.

(USD 1 = EUR 0.961)

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