Mosaic, Congressional Bank sign multi-year solar loan purchase program
Summary
Mosaic, the leading financing platform for U.S. residential solar and energy-efficient home improvement projects, announced a new $1.5 billion, multi-year loan purchase program with Congressional Bank. “We’re excited to work with Congressional Bank and its Alliance Partners subsidiary to further expand our funding and make offering financing solar easier for even more installers and their homeowner customers,” said Billy Parish, founder and CEO, Mosaic. “Congressional Bank shares Mosaic’s commitment to combating climate change and supports our mission to empower millions of people to prosper from clean energy. Additionally, the Bank recently implemented a company-wide Responsible Investment and ESG policy to promote sustainability and serve as a “green” business role model in the community. “We believe Mosaic is an industry leader that shares our approach to originating high-quality credit assets and providing superior customer service.” “We have great confidence in Billy and his team,” said John Delaney, executive chairman of the board, Congressional Bank.