Mosaic Surpasses $9 Billion in Loans Funded for Residential Solar Power and Sustainable Home Improvements

The company helps over a million people thrive on clean energy

Complete $244 million solar credit securitization

OAKLAND, CA., September 15, 2022 /PRNewswire/ — Mosaica leading financing platform for solar and energy-efficient home retrofits in the United States, today announced that it has surpassed $9 billion of loans financed via its platform. The company continues to experience significant growth—exceeding $8 billion of loans funded just eight weeks ago.

“The need for clean energy and sustainable home improvements has never been greater,” said Billy Parish, founder and CEO of Mosaic. “As recently as last week, millions of people were under excessive heat warnings, which put a strain on power grids in several states. Our partners and industry play a critical role in helping homeowners make their homes more energy efficient and resilient. There are so many opportunities to not only prevent the worst impacts of climate change, but also support an adaptable and modern grid through the adoption of solar panels, storage batteries and high-efficiency electrical appliances. possibilities.”

Mosaic reached another milestone in September: helping more than one million people thrive on clean energy. By making financing affordable and accessible, the company has helped more than one million owners, contractor partners, equipment suppliers, Mosaic employees and their families.

“We launched Mosaic to empower as many homeowners as possible to own their own clean energy,” Parish said. “We know that the more people who will financially benefit from the clean energy transition, the faster adoption will be. Thank you to all of our customers, partners, investors, and teammates who made this possible — we’re just getting started!

Mosaic closes second solar loan securitization of 2022

The company also recently closed its 13th asset-backed securitization of solar loans, which is more than any other solar loan issuer in the space. To $244 millionthis is the second securitization Mosaic has completed in calendar year 2022.

The Mosaic Solar Loans 2022-2 (“Mosaic 2022-2”) transaction at a price of August 5, 2022, and consisted of four categories of notes rated by bond rating agencies Kroll and Fitch from “AA-/AA-” to “BB-/BB” with weighted average lives ranging from 2.86 to 5.28 year. Deutsche Bank was structuring agent and bookrunner for Mosaic 2022-2, BNP Paribas was joint bookrunner with Royal Bank of Canada and Société Générale as co-managers. The bonds comply with the Green Bond Principles, according to Sustainalytics US, Inc.

About Mosaic

Mosaic makes financing for solar, solar and energy storage systems and other sustainable home improvements accessible and affordable for homeowners by providing a quick and easy way to apply for financing options. Customers learn about Mosaic through licensed solar installers and home improvement contractors, as well as other ecosystem partners, and can get a credit decision in minutes for no-down payment loans with premium rates. fixed interest and multiple term options. Funding requested and processed through the Mosaic platform is from Solar Mosaic LLC or one of its lending/funding partners. For our network of thousands of solar installers and home improvement contractors, Mosaic provides a streamlined financing platform to drive sales growth. Since 2012, Mosaic has helped more than 275,000 homes transition to sustainable home improvements through its financing products.

Media Contact:

Susanna Kalnes
[email protected]

SOURCE Mosaic

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