Scottsdale Company Rolls Out Peer-to-Peer Financing for Residential Solar

American Solar & Roofing  Dec 16, 2014

Arizona homeowners looking to go solar can now leverage the power of peer-to-peer lending to finance their solar systems while helping their neighbors go solar as well. Scottsdale-based American Solar & Roofing this week launched a special partnership with Mosaic, an Oakland-based company that offers solar financing via the popular peer-to-peer lending platform. A clear departure from traditional financing options through a bank or credit union, Mosaic pools funds from individuals and institutional investors looking to invest in solar projects.

In addition, homeowners needing a solar loan benefit from a simpler lending process with Mosaic’s impressive technology platform that supports rapid credit application processing.

“We love the peer-to-peer lending model for solar,” says American Solar & Roofing President & CEO Joy Seitz. “Providing an easier way for people to save energy is a true win-win, and why our partnership with Mosaic is a real added value to our customers. Also, it’s a perfect time to offer this before the summer bills start to hit.”

“We are excited to be working with American Solar & Roofing, the largest residential installer in Arizona,” says Ken Hutchins, Mosaic’s director of Sales. “They are great people that we can trust to deliver high quality service to homeowners.”

Mosaic is the latest offering by American Solar & Roofing, only one of a select few Arizona solar companies with an exclusive partnership. With Arizona ranking second only to California in terms of residential solar installations, the new partnership with Mosaic will no doubt motivate even more Arizona homeowners to make the solar switch.

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