Dividend Solar announced the nationwide launch of its full-service solar loan platform, offering homeowners a better alternative to existing solar financing options and providing investors with the vehicle to invest in residential solar at a meaningful scale.
The Company’s $0-down loan combines the benefits of a solar lease – energy production guarantees, system warranties and performance monitoring – with the significant financial upside of solar ownership. Dividend Solar’s model simultaneously delivers stable financial returns to investors, shifts the long-term value of solar back to the homeowner and accelerates the development of distributed generation assets across America.
“The solar financing market is remarkably mispriced,” says Steve Michella, CEO and Co-Founder of Dividend Solar. “We’re looking to maximize the economic benefits for both homeowners and investors, and make solar an investment – not just another monthly expense.”
Dividend Solar established a direct lending platform, the EmpowerPortal™, for investors to make large-scale investments in residential solar. The platform is also a bridge for yield-seeking capital and individual homeowners to reduce the soft costs of solar and offering unprecedented investor protections. All solar loans are secured by stable, energy-producing assets and backed by creditworthy homeowners, quality-driven installers and top-tier equipment.
Dividend Solar has partnered with industry leaders to develop a comprehensive, full-service loan offering. Through its partnership with Next Phase Solar, a operations and maintenance (O&M) provider to operating solar PV systems, Dividend Solar ensures hassle-free maintenance and performance guarantees on all systems. In addition, its partnership with Locus Energy enables homeowners to monitor system performance and track their daily energy savings at no additional cost, while allowing Dividend Solar to identify any potential system performance issues in real-time.
Dividend Solar partners exclusively with quality-driven installers across the U.S. to provide streamlined access to solar loans, enabling homeowners to directly realize any tax credits and incentives and maximize the benefit of going solar. Consistent with its mission to align interests throughout the solar value chain, Dividend Solar offers its Installation Partners long-term financial incentives for all systems that consistently outperform their benchmarks.