Sunlight Financial and Tech CU, a Silicon Valley-based credit union, announced the expansion and extension of the nationâ€™s longest and largest residential solar loan partnership. Tech CU committed to enabling more than 80,000 homeowners to go solar via Sunlightâ€™s network of installers because of the strong performance of Sunlight-originated consumer loans.
â€śSunlight is proud of our track record delivering high-quality loans for residential solar and home improvement,â€ť said CEO Matt Potere. â€śWeâ€™re growing rapidly and appreciate Tech CUâ€™s commitment to our fast and frictionless processes, innovative loan products, and future growth.â€ť
Sunlight Financial last year originated about 20% of residential solar loans nationwide. Hundreds of experienced solar installers leverage the companyâ€™s best-in-class technology and point-of-sale financing to grow their offline and online business. Sunlightâ€™s proprietary credit criteria and sophisticated decisioning engine empowers the company to grow quickly while delivering industry-leading loan performance.
â€śWeâ€™re excited to expand our partnership with Sunlight Financial, our first, and longest standing strategic relationship,â€ť said Todd Harris, CEO of Tech CU. â€śOver the years, Tech CU and Sunlight Financial have built a strong partnership and we look forward to continuing that tradition while accelerating Americaâ€™s transition to renewable energy.â€ť
Sunlight and Tech CU have financed more than 50,000 residential solar systems since initiating their partnership in September 2015.
News item from Sunlight Financial