Loanpal, a provider of residential-solar loans in the U.S., is planning an initial public offering this year that could value the company at more than $10 billion, according to people with knowledge of the matter. The company, which said in January it had raised more than $800 million from investors including New Enterprise Associates and […]
Solar lending company Loanpal raises $800 million
Renewable investment wave continues as solar lending company Loanpal raises $800 million Days after the billionaire investor Chamath Palihapitiya announced his involvement in the $1.3 billion acquisition of the solar and home improvement lending business Sunlight Financial, a collection of investors announced a nearly $1 billion cash infusion into Loanpal, another renewable energy and home […]
Loanpal Now No. 1 in the Booming Solar Loan Market
WoodMac finds that loans now claim a majority of the solar financing market, but third-party ownership isn’t going away anytime soon. Solar loans started outperforming third-party-owned solar in early 2018. According to a new WoodMac report, the first half of 2019 saw loans claim a majority of the solar financing market first time, at 55 […]
Tesla Embraces New Solar Strategy But Analysts Remain Skeptical
Can a solar roof with a very low down payment reverse Tesla’s deteriorating solar business? Tesla is slashing prices on its solar installations in an effort to regain its leadership in the residential solar market. Yesterday, a Tesla spokesperson told GTM, “We are making some big changes to the ways we sell solar,” adding, “It’s […]
World-Positive Lender Loanpal Achieves Key Milestones, Now Financing 21% of all New Residential Solar Power Loans
Fintech platform streamlines lending for clean energy projects by supporting needs of financial institutions, homeowners, and system installers SAN FRANCISCO: Loanpal today announced several key milestones, including the financing of more than 20% of all new residential solar loans in the United States. Driven by industry leaders who helped create the residential and commercial solar industry a […]
Loanpal Rockets to Second-Largest Solar Loan Provider in the US
California-based Loanpal is now financing 21 percent of all solar loans in the country, after just 15 months in the market. Rooftop solar enjoys strong public support across the United States. So why aren’t solar panels blanketing communities across the country? The reason there aren’t millions more homes with rooftop solar isn’t due to a […]