Sunlight Financial Unveils New 30 Year Loans for Residential Solar
April 26 2022 - 7:00AM
Business Wire
New 30 year 1.99%, 2.99% and 3.99% Loans Lower
Monthly Payments for Homeowners Nationwide
Sunlight Financial (“Sunlight,” NYSE: SUNL), a premier,
technology-enabled point-of-sale financing company, announced a new
suite of 30-year loan products for residential solar. Available at
Annual Percentage Rates (APRs) of 1.99%, 2.99%, and 3.99%,
Sunlight’s 30-year loans reduce monthly payments for residential
solar systems, making solar more affordable and accessible.
Hundreds of Sunlight installation partners nationwide now offer
Sunlight’s 30-year loans to their customers.
“Sunlight enables a homeowner to finance a residential solar
system in the same way they likely financed their home – with a
30-year loan,” said 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
instant credit decisions and automated loan processing and funding,
creating a seamless process for the sale of residential solar
systems and other home improvements. Through thoughtful risk
management, Sunlight has delivered outstanding loan performance and
industry-leading credit quality to its diverse set of capital
providers. The more than 160,000 solar systems financed through
Sunlight’s proprietary technology platform, Orange®, as of December
31, 2021 will produce enough solar energy to avoid the emission of
nearly 28 million metric tons of carbon dioxide into the
atmosphere.
Prospective installation partners can learn more and apply to
partner with Sunlight at https://sunlightfinancial.com/enroll/.
About Sunlight Financial Sunlight Financial (NYSE: SUNL)
is a premier, technology-enabled point-of-sale finance company.
Sunlight partners with contractors nationwide to provide homeowners
with financing for the installation of residential solar systems
and other home improvements. Sunlight’s best-in-class technology
and deep credit expertise simplify and streamline consumer finance,
ensuring a fast and frictionless process for both contractors and
homeowners. For more information, visit
www.sunlightfinancial.com.
Forward-Looking Statements The information included
herein and in any oral statements made in connection herewith may
include “forward-looking statements” within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act, as amended. Forward-looking statements
may generally be identified by the use of words such as “could,”
“should,” “would,” “will,” “may,” “believe,” “anticipate,”
“intend,” “estimate,” “expect,” “project,” “plan,” “continue,” or
the negative of such terms and other similar expressions are
intended to identify forward-looking statements, although not all
forward-looking statements contain such identifying words. These
forward-looking statements are based on management’s current
expectations and assumptions about future events and are based on
currently available information as to the outcome and timing of
future events. Except as otherwise required by applicable law,
Sunlight disclaims any duty to update any forward-looking
statements, all of which are expressly qualified by the statements
in this section, to reflect events or circumstances after the date
hereof. Sunlight cautions you that these forward-looking statements
are subject to numerous risks and uncertainties, most of which are
difficult to predict and many of which are beyond the control of
Sunlight. Such risks and uncertainties include, among others: risks
relating to the uncertainty of the projected operating and
financial information with respect to Sunlight; risks related to
Sunlight’s business and the timing of expected business milestones
or results; global supply chain shortages, competition for skilled
labor, and permitting delays; the effects of competition and
regulatory risks, and the impacts of changes in legislation or
regulations on Sunlight’s future business; the expiration, renewal,
modification or replacement of the federal solar investment tax
credit, rebates and other incentives; the effects of the COVID-19
pandemic on Sunlight’s business or future results; Sunlight’s
ability to sustain profitability and to attract and retain its
relationships with third parties, including Sunlight’s capital
providers and solar contractors; changes in the retail prices of
traditional utility generated electricity; the availability of
solar panels, batteries and other components and raw materials; and
such other risks and uncertainties discussed in the “Risk Factors”
section of Sunlight’s Form 10-K as filed with the Securities and
Exchange Commission (“SEC”) on March 29, 2022, and other documents
of Sunlight filed, or to be filed, with the SEC. Should one or more
of the risks or uncertainties described herein occur, or should
underlying assumptions prove incorrect, actual results and plans
could differ materially from those expressed in any forward-looking
statements. Sunlight’s SEC filings are available publicly on the
SEC’s website at www.sec.gov.
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version on businesswire.com: https://www.businesswire.com/news/home/20220426005118/en/
Media Contacts: Investor Relations Lucia Dempsey
investors@sunlightfinancial.com 212.584.2321 Public Relations Yoni
Cohen media@sunlightfinancial.com 201.808.5363
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