Financing for solar, batteries
and home upgrades

PowerSwitch CHOICE
For homeowners who want to add solar energy systems and/or battery storage to their home — and have the CHOICE to take advantage of the Federal Solar Investment Tax Credit.
The CHOICE product has an amortization schedule designed for homeowners planning to pay down at least 30% (potentially received by the Solar Investment Tax Credit or other funds) in the first 18 months. After month 18, payments are adjusted higher if less than 30% is paid, or lower if more than 30% has been paid.
15 YEAR POWERSWITCH CHOICE LOAN REPAYMENT EXAMPLE:
- A 15 year, fixed-rate, $30,000 PowerSwitch CHOICE loan with a 7.99% APR would have 180 monthly payments of $213.93, assuming the borrower makes a 30% ($9,000) voluntary prepayment during the first 18 months of the loan term. Number of payments and monthly payment amount may vary based on disbursement date(s).
- Annual Percentage Rate (APR) in the example includes a 0.25% interest rate reduction for borrowers who sign up for automatic payments. Interest Rate and monthly payments will increase if the borrower changes the payment method.

PowerSwitch PLUS
For homeowners who want to add solar energy projects — PLUS make other improvements — like upgrading their HVAC unit, roof, doors, windows + more at the same time.
The PLUS product’s standard monthly payments remain the same with a one-time reamortization occurring at month 18. This is perfect for homeowners who don’t plan on receiving the Solar Investment Tax Credit. Using extra funds to pay down the loan before month 18, however, will result in an adjusted lower monthly payment for the duration of the loan.
15 YEAR POWERSWITCH PLUS LOAN REPAYMENT EXAMPLE:
- A 15 year, fixed-rate, $30,000 PowerSwitch PLUS loan with a 7.99% APR would have 180 monthly payments of $291.92. Number of payments and monthly payment amount may vary based on disbursement date(s).
- Annual Percentage Rate (APR) in the example includes a 0.25% interest rate reduction for borrowers who sign up for automatic payments. Interest Rate and monthly payments will increase if the borrower changes the payment method.
PowerSwitch CHOICE & PLUS features + benefits
Total household income
Enable homeowners to use total household income to qualify
Battery-only solar loans
Battery-only loans available, regardless of an existing solar loan
Loans for projects on second homes
Includes projects on second homes, vacation homes, and rental properties
Second solar loans
Includes battery only, system only, or battery+system for primary or second home
Soft credit check
Instant pre-approval decisions with soft credit checks early in the process
Add re-roofing
Bundle up to half of a new roof with solar on the same loan
Daily funding
Next-day funding and staged funding to get paid faster
Co-Applicant
Quickly run both applicants’ credit to close deals more efficiently
How are the CHOICE & PLUS loan structures different?
PowerSwitch CHOICE Loan Structure

PowerSwitch PLUS Loan Structure

A financing platform that works for you

Mosaic contractor partners get access to a wealth of sales tools in the solar partner portal, including our resource center, which provides training and info to help you close more deals.