Sunlight Financial Announces $400 Million Annual Commitment from Tech CU for Residential Solar Loans

Ribbon cutting ceremony to celebrate the opening of the solar
financing provider’s new Charlotte operations center

NEW YORK & CHARLOTTE, N.C.–(BUSINESS WIRE)–Sunlight Financial, a leading provider of financing for residential
solar systems, and Tech CU (Technology Credit Union), a Silicon
Valley-based credit union, today announced the extension of their solar
loan partnership. Tech CU will each year commit another $400 million for
about 15,000 loans originated by Sunlight’s expanding network of solar
installers. This new, annual commitment to Sunlight follows Tech CU’s
previous investments, announced in September 2015 and May 2017 and
totaling $500 million.

On Thursday, January 25th at 6 pm, Sunlight Financial will
hold a ribbon cutting ceremony to celebrate the relocation of its
Charlotte operations center to 101 N. Tryon Street. To accommodate
Sunlight’s rapid growth, the new office space is approximately 13,500
square feet, nearly four times larger than Sunlight’s previous Charlotte
office, and has an open floor plan that can house more than 75
employees. The move follows Sunlight’s September 2017 relocation to a
new, much larger headquarters in New York.

“Sunlight’s comprehensive suite of 5- to 25-year solar loans and best in
class technology enabled rapid growth in 2017,” said Matt Potere, CEO of
Sunlight Financial. “We look forward to continuing to expand our robust,
multi-year partnership with Tech CU and providing funding for thousands
more residential solar and storage systems, and the new roofs that may
accompany them. In a rapidly changing industry, Sunlight is a
well-capitalized, long-term partner for elite solar companies
nationwide.”

Sunlight Financial offers its strategic partners a flexible suite of
solar loan products for a wide range of residential property types. The
company’s simple and straightforward online platform is accessible to
partners directly, or through a quick technical integration. Through
Sunlight and Tech CU, homeowners can be instantly prequalified and
approved for solar loans with lower monthly payments than their utility
bills.

“Tech CU is excited to be expanding our long-term partnership with
Sunlight Financial, and is committed to funding tens of thousands of
residential solar and storage systems in the years to come,” said Todd
Harris, CEO of Tech CU. “As our relationship with Sunlight continues to
expand, we are able to help more and more homeowners save money, while
at the same time protect the environment. And over time, we have the
opportunity to provide additional financial services from our
comprehensive and competitively priced suite of products and services.”

About Sunlight Financial

Sunlight Financial (sunlightfinancial.com) is a leading national
platform for residential solar and energy storage lending. The company
partners with solar and battery installers, sales organizations and
equipment distributors nationwide to help homeowners save money.
Sunlight’s best in class technology and deep credit expertise simplify
and streamline consumer finance, enabling solar companies to quickly
provide homeowners with economic savings and environmental benefits.

About Tech CU

Tech CU (techcu.com) is a $2.5 billion credit union serving more than
95,000 members throughout the San Francisco Bay Area — including
employees of such companies as Tesla, eBay, Applied Materials, Nvidia
and Facebook. A federally insured, not-for- profit organization, we put
the financial interests of our members ahead of shareholder profit by
helping members achieve their financial goals on their terms and by
sharing the benefits of our growth. Founded in 1960 by the innovative
employees of Fairchild Semiconductor, today we continue to be an
industry leader, providing convenient and easy-to-use financial products
for all stages of our members’ lives, including personal banking,
wealth management, private banking, commercial lending and business
banking. Tech CU consistently achieves high marks for its customer
satisfaction and maintains a 5-star rating from Bauer Financial, the
nation’s largest independent rating service for financial institutions.
And, with mobile and online banking, 65,000+ surcharge-free ATMs
worldwide (more than Chase, Bank of America and Wells Fargo
combined) and convenient branch access to our financial experts, Tech CU
makes 24/7 banking easy and empowering.

Contacts

Sunlight Financial
Yoni Cohen, Direct – 201-808-5363
[email protected]