Solar loan provider Mosaic reached an agreement with Goldman Sachs in which the bank will buy $300 million in loans over time.
This deal will clear up space on Mosaic’s balance sheet to finance more loans, and signals a prestigious bank’s willingness to buy and own solar loans for itself.
Mosaic this week also finalized a partnership with Wave Solar to give Mosaic’s dealer partners a pre-negotiated discount on the lead generation platform. That service tracks and analyzes interactions with customers, potentially giving long-tail installers more resources to pursue their sales.