Sunlight Financial Enhances Financing Solutions for Its National Network of Solar Installers
August 05 2021 - 8:30AM
Business Wire
New 12 year 0.00%, 20 year 0.49% and 25 year
1.49% Loans Further Reduce Monthly Payments for Homeowners
Nationwide
Sunlight Financial (“Sunlight,” NYSE: SUNL), a premier,
technology-enabled point-of-sale financing company, today announced
new no- and ultra-low interest loans for residential solar and
storage systems. The company's new offerings include rates as low
as 0.00% for a 12-year loan, 0.49% for a 20-year loan and 1.49% for
a 25-year loan.
“Sunlight’s latest innovation is an enhancement to our
comprehensive product suite,” said Matt Potere, CEO of Sunlight
Financial. “Our new no- and ultra-low interest loans will provide
homeowners the opportunity to save even more on their electricity
bills, by further reducing monthly payments on Sunlight-arranged
loans. We are excited to offer our installation partners new
financing products for residential solar and storage systems, which
will help grow their businesses and accelerate America’s transition
to clean, affordable renewable energy.”
Sunlight’s fully digital, end-to-end platform delivers instant
credit decisions and automated loan processing and funding,
facilitating the sale of residential solar systems and other home
improvements. More than 15,000 professionals use Sunlight’s
proprietary technology platform, Orange®, to access solar and home
improvement loans with interest rates from 0.00% to 6.99%, and
tenors from 3 months to 25 years.
Through thoughtful risk management, Sunlight has delivered
outstanding loan performance and industry-low credit losses to its
broad and diverse set of capital providers. The more than 135,000
solar systems financed through Orange® as of June 30, 2021 will
produce enough solar energy to avoid the emission of more than 13.5
million metric tons of carbon dioxide into the atmosphere.
Sunlight’s more than 1,500 solar and home improvement
installation partners nationwide as of June 30, 2021 can download
the latest version of Orange® via iOS and Android. 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; 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 Registration Statement on
Form S-1 as filed with the Securities and Exchange Commission
(“SEC”) on July 30, 2021, 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210805005387/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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