Sungage Financial secures $100 million for solar loan program 0

520-NREL_Solar_Design_AssociatesFollowing its participation in the CT Green Bank solar loan program, the Boston startup is aiming to expand residential solar loans on the East Coast.

Sungage aims to finance some 4,000 residential PV installations through its $100 million loan program.

Sungage Financial is partnering with Massachusetts-based Digital Federal Credit Union (DCU) to provide $100 million in solar loans to residential customers in Massachusetts, Connecticut, New York and New Jersey looking to install PV systems on their homes.

Sungage and DCU are expected to expand the program to other states next year. The Boston-based Sungage aims to finance some 4,000 PV installations through the program.

 

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