New 30 yr 1.99%, 2.99% and three.99% Loans Lower Monthly Payments for Homeowners Nationwide
NEW YORK & CHARLOTTE, N.C., April 26, 2022–(BUSINESS WIRE)–Sunlight Financial (“Sunlight,” NYSE: SUNL), a premier, technology-enabled point-of-sale financing firm, introduced a brand new suite of 30-year mortgage merchandise for residential solar. Available at Annual Percentage Rates (APRs) of 1.99%, 2.99%, and three.99%, Sunlight’s 30-year loans scale back month-to-month funds for residential solar techniques, making solar extra inexpensive and accessible. Hundreds of Sunlight set up companions nationwide now supply Sunlight’s 30-year loans to their clients.
“Sunlight enables a homeowner to finance a residential solar system in the same way they likely financed their home – with a 30-year loan,” mentioned Matt Potere, CEO of Sunlight Financial. “The 30-year mortgage is by far the most popular home loan, which is why Sunlight is excited to be the first company to enable installers nationwide to offer 30-year solar loans. Our latest product enhancement will reduce monthly payments, facilitating homeowners’ transition to clean and affordable renewable energy.”
Sunlight’s digital, end-to-end point-of-sale platform delivers immediate credit score choices and automatic mortgage processing and funding, making a seamless course of for the sale of residential solar techniques and different home enhancements. Through considerate danger administration, Sunlight has delivered excellent mortgage efficiency and industry-leading credit score high quality to its numerous set of capital suppliers. The greater than 160,000 solar techniques financed by Sunlight’s proprietary expertise platform, Orange®, as of December 31, 2021 will produce sufficient solar energy to keep away from the emission of almost 28 million metric tons of carbon dioxide into the ambiance.
Prospective set up companions can be taught extra and apply to associate with Sunlight at https://sunlightfinancial.com/enroll/.
About Sunlight Financial
Sunlight Financial (NYSE: SUNL) is a premier, technology-enabled point-of-sale finance firm. Sunlight companions with contractors nationwide to supply owners with financing for the set up of residential solar techniques and different home enhancements. Sunlight’s best-in-class expertise and deep credit score experience simplify and streamline client finance, making certain a quick and frictionless course of for each contractors and owners. For extra info, go to www.sunlightfinancial.com.
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Forward-Looking Statements
The info included herein and in any oral statements made in connection herewith could embrace “forward-looking statements” inside the which means of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act, as amended. Forward-looking statements could typically be recognized by means of phrases comparable to “could,” “should,” “would,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” “plan,” “continue,” or the unfavorable of such phrases and different comparable expressions are supposed to determine forward-looking statements, though not all forward-looking statements include such figuring out phrases. These forward-looking statements are based mostly on administration’s present expectations and assumptions about future occasions and are based mostly on at present obtainable info as to the result and timing of future occasions. Except as in any other case required by relevant legislation, Sunlight disclaims any obligation to replace any forward-looking statements, all of that are expressly certified by the statements on this part, to mirror occasions or circumstances after the date hereof. Sunlight cautions you that these forward-looking statements are topic to quite a few dangers and uncertainties, most of that are troublesome to foretell and plenty of of that are past the management of Sunlight. Such dangers and uncertainties embrace, amongst others: dangers regarding the uncertainty of the projected working and monetary info with respect to Sunlight; dangers associated to Sunlight’s enterprise and the timing of anticipated enterprise milestones or outcomes; world provide chain shortages, competitors for expert labor, and allowing delays; the consequences of competitors and regulatory dangers, and the impacts of adjustments in laws or laws on Sunlight’s future enterprise; the expiration, renewal, modification or substitute of the federal solar funding tax credit score, rebates and different incentives; the consequences of the COVID-19 pandemic on Sunlight’s enterprise or future outcomes; Sunlight’s means to maintain profitability and to draw and retain its relationships with third events, together with Sunlight’s capital suppliers and solar contractors; adjustments within the retail costs of conventional utility generated electrical energy; the supply of solar panels, batteries and different elements and uncooked supplies; and such different dangers and uncertainties mentioned within the “Risk Factors” part of Sunlight’s Form 10-Okay as filed with the Securities and Exchange Commission (“SEC”) on March 29, 2022, and different paperwork of Sunlight filed, or to be filed, with the SEC. Should a number of of the dangers or uncertainties described herein happen, or ought to underlying assumptions show incorrect, precise outcomes and plans might differ materially from these expressed in any forward-looking statements. Sunlight’s SEC filings can be found publicly on the SEC’s web site at www.sec.gov.
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Contacts
Media Contacts:
Investor Relations
Lucia Dempsey
traders@sunlightfinancial.com
212.584.2321
Public Relations
Yoni Cohen
media@sunlightfinancial.com
201.808.5363
