Who are the best partners for solar lending?
Solar lending can be a complex undertaking, so finding the right partners is crucial. For lenders seeking to launch a solar lending program, it’s important to create a network of partners that can help ensure your success.
Some of the best partners for solar lending include:
- Solar installation companies: These companies are experts in the field and can provide valuable insight into the costs and benefits of solar projects. They can also help connect lenders with potential borrowers.
- Government agencies: Federal, state, and local government agencies often offer incentives and financing options for renewable energy projects, including solar. Partnering with these agencies can help lenders reduce their risk and improve their returns.
- Community organizations: Community-based organizations can help connect lenders with potential borrowers and can provide support and guidance throughout the lending process.
- Industry associations: Trade associations and other industry groups can provide valuable networking opportunities and can help lenders stay up-to-date on industry trends and best practices.
Ultimately, the best partners for solar lending will depend on the specific goals and needs of the lender. It is important to carefully evaluate potential partners to ensure your goals are aligned.
Atmos builds bespoke best-in-class solar lending programs for lenders in as little as a few weeks. Through Atmos, banks and credit unions earn fee income, an attractive NIM, minimize program operating costs and acquire high-potential customers.
For more information regarding the benefits and risks of starting a solar lending program, Schedule time with Atmos Financial.