Boston, MA – November 15, 2016
To empower property owners with greater choice when evaluating their solar installation options, EnergySage is collaborating with some of the industry’s most innovative lenders for residential and commercial solar. Recent agreements with BlueWave, Renew Financial, and Wunder Capital help ensure that all quotes submitted through the EnergySage Marketplace will have a solar loan option available for consumers to consider.
As solar equipment and installation costs continue to fall, system ownership has become more accessible thanks to increasingly attractive solar loan options. Today, most solar loans quoted in the EnergySage Marketplace are conveniently offered to consumers via the installers themselves. However, since not all installers offer all loan products, some consumers may forego an installation simply due to the lack of suitable financing.
Now, solar shoppers on EnergySage are able to request specialized loan packages from BlueWave, Renew Financial, and Wunder Capital to finance their residential or commercial installations. These offers give consumers the ability to consider a lender separately from an installation company, if installer-provided financing is not a good fit.
“Homeowners have so many options right now when it comes to paying for solar,” said Larry Aller, Managing Director of Business Development and Sales at BlueWave. “Offering our Home Solar Loan product through EnergySage is an opportunity for us to access consumers that are in the market for solar and looking for financing, as well as high-quality installers that have been prescreened by EnergySage. Their Solar Marketplace advances our mission of bringing local, low-cost solar to communities and consumers.”
“We got into the commercial financing space to offer a simple solution to a hugely underserved market," said Bryan Birsic, CEO at Wunder Capital. “Partnering with EnergySage felt like a natural fit, given both our commitments to making the solar experience smooth and simple for businesses across the U.S.”
Adding independent lenders into the Marketplace makes solar financing more like the purchase of an automobile, where consumers can get a loan either from the car dealership directly or from a bank or credit union. While some consumers prefer the bundled equipment-financing package, others prefer to unbundle their equipment selection from their financing selection.
“As the solar industry’s only transparent, online marketplace, we have the unique ability to match one consumer with multiple offers from both solar installers and lenders,” said Aaron James, VP of Network Partnerships at EnergySage. “Our data clearly shows that solar adoption increases as consumers are given more choice, and these recent agreements are all part of a broader effort to expand the pool of available options.”
Wunder Capital is offering their commercial loan nationwide, while BlueWave is offering their Home Solar Loan in Massachusetts and Renew Financial is offering their RenewPACE product in California. Qualified lenders interested in learning about how they can participate can contact Aaron James at [email protected] for further information.
About BlueWave
At BlueWave, we’re on a mission to make solar energy available to everyone, everywhere so communities can take control of their energy production and consumers can choose local, low-cost power. With BlueWave’s suite of consumer solar products—including the BlueWave Community Solar Share and the BlueWave Home Solar Loan—you can cut your electric bill, lighten your carbon footprint, and connect to the future you want to see. That’s our vision for a cleaner planet. And it’s our energy solution for the 100 percent. Visit us at bluewaverenewables.com and chat with us on Twitter to learn more.
About Wunder Capital
Wunder Capital is a financial technology company that provides financing to solar projects throughout the country. Based in Boulder, Colorado, Wunder allows accredited individuals, trusts, family offices, foundations, hedge funds and pension funds to invest in the country’s new solar infrastructure. Wunder was founded in 2013 and won the U.S. Department of Energy’s 2014 Sunshot Challenge, the COSEIA’s 2015 Summit Award and was the first solar technology company to complete the prestigious Techstars technology accelerator program. Wunder’s software-based approach is dedicated to removing logistical barriers and high costs from solar investing, passing the savings on to investors and borrowers. Visit www.WunderCapital.com.
About EnergySage, Inc.
EnergySage is the country's leading online marketplace for solar, and the trusted source of information for over 1 million homeowners and commercial property owners across 30+ states. The company sends an estimated $700 million worth of solar installation requests annually to more than 350 pre-screened, high quality solar installation companies. The EnergySage Marketplace is unique in that it allows consumers to request and compare competing installation quotes online, unlike traditional lead-generation websites. For this reason, leading organizations like National Grid, Sierra Club, World Wildlife Fund, and Staples leverage the platform to empower their audiences as they consider adopting solar. The EnergySage formula of unbiased information, transparency and choice helps property owners go solar with confidence – at a higher rate of adoption, and lower cost. For more information, please visit EnergySage and follow us on Facebook, Twitter and LinkedIn.
