TEANECK, N.J.–Sunlight Financial, a provider of residential solar system financing, said it has expanded its partnership with San Jose, Calif.-based Technology Credit Union on its residential solar loan program, with the $2.3-billion Tech CU committing up to $500 million for approximately 20,000 more loans that come from Sunlight’s network of installers.
“We are excited to expand our partnership with Tech CU, an innovative and forward-looking credit union with deep expertise in consumer lending,” said Matt Potere, CEO of Sunlight, in a statement. “The expansion of our partnership with Tech CU is proof positive that Sunlight’s growth is rapid, sound and sustainable. Many more installers and homeowners will now be able to benefit from Sunlight’s market leading products, pricing and processes.”
“Tech CU appreciates the high quality of Sunlight Financial’s installer partners and underwriting processes,” said Todd Harris, CEO of Tech CU, in a statement. “We have been very impressed with Sunlight’s rapid growth during our program’s first year. We are thrilled to expand our partnership with Sunlight and look forward to continuing to fund loans for money-saving solar systems for years to come.”