Solar Mosaic Inc. Mosaic Home Solar Loan SunShot 9 Final Report
Abstract
The 6686 Mosaic SunShot award has helped Solar Mosaic Inc to progress from an early stage startup focused on commercial crowdfunding to a leading multi-state residential solar lender. The software platform is now used by the majority of the nation's top solar installers and offers a variety of simple home solar loans. Mosaic is has originated approximately $1Bil in solar loans to date to put solar on over 35k rooftops. The company now lends to homeowners with a wide range of credit scores across multiple states and mitigates boundaries preventing them from profiting from ownership of a home solar system. The project included milestones in 5 main categories: 1. Lending to homeowners outside of CA 2. Lending to homeowners with FICO scores under 700 3. Packaging O&M with the home solar loan 4. Allowing residential installers to process home solar loans via API 5. Lowering customer acquisition costs below $1500 This report includes a detailed review of the final results achieved and key findings.
- Authors:
-
- Solar Mosaic Inc., Oakland, CA (United States)
- Publication Date:
- Research Org.:
- Solar Mosaic Inc., Oakland, CA (United States)
- Sponsoring Org.:
- USDOE Office of Energy Efficiency and Renewable Energy (EERE), Renewable Power Office. Solar Energy Technologies Office
- OSTI Identifier:
- 1345477
- Report Number(s):
- DOE-SOLAR-MOSAIC-6686
- DOE Contract Number:
- EE0006686
- Resource Type:
- Technical Report
- Country of Publication:
- United States
- Language:
- English
- Subject:
- 14 SOLAR ENERGY; solar; residential solar; solar lending; solar loans; home solar
Citation Formats
Walsh, Colin James. Solar Mosaic Inc. Mosaic Home Solar Loan SunShot 9 Final Report. United States: N. p., 2017.
Web. doi:10.2172/1345477.
Walsh, Colin James. Solar Mosaic Inc. Mosaic Home Solar Loan SunShot 9 Final Report. United States. https://doi.org/10.2172/1345477
Walsh, Colin James. 2017.
"Solar Mosaic Inc. Mosaic Home Solar Loan SunShot 9 Final Report". United States. https://doi.org/10.2172/1345477. https://www.osti.gov/servlets/purl/1345477.
@article{osti_1345477,
title = {Solar Mosaic Inc. Mosaic Home Solar Loan SunShot 9 Final Report},
author = {Walsh, Colin James},
abstractNote = {The 6686 Mosaic SunShot award has helped Solar Mosaic Inc to progress from an early stage startup focused on commercial crowdfunding to a leading multi-state residential solar lender. The software platform is now used by the majority of the nation's top solar installers and offers a variety of simple home solar loans. Mosaic is has originated approximately $1Bil in solar loans to date to put solar on over 35k rooftops. The company now lends to homeowners with a wide range of credit scores across multiple states and mitigates boundaries preventing them from profiting from ownership of a home solar system. The project included milestones in 5 main categories: 1. Lending to homeowners outside of CA 2. Lending to homeowners with FICO scores under 700 3. Packaging O&M with the home solar loan 4. Allowing residential installers to process home solar loans via API 5. Lowering customer acquisition costs below $1500 This report includes a detailed review of the final results achieved and key findings.},
doi = {10.2172/1345477},
url = {https://www.osti.gov/biblio/1345477},
journal = {},
number = ,
volume = ,
place = {United States},
year = {Thu Feb 09 00:00:00 EST 2017},
month = {Thu Feb 09 00:00:00 EST 2017}
}