Green loans on the rise with Plenti’s OpenSolar deal

Fintech company Plenti (previously Ratesetter) spotted a gap in the market for renewable energy loans three years ago and has since teamed up with the Clean Energy Finance Corporation and loaned more than $110 million to households wanting to install solar, batteries and other low carbon tech.

According to Louis Edwards, head of renewable energy finance at Plenti, green loans are a core pillar of the publicly listed lending business’s growth.

Just this week, the company teamed up with OpenSolar so that user of the solar sales app will be able to access finance seamlessly if they decide to go ahead with their solar project.

OpenSolar’s whitelisted app allows solar installers to offer their customers a smooth end-to-end interaction starting with a visual model of what the solar panels will look like and how much money they can expect to save.

Edwards says integrating a finance offering into a sale platform is novel and will make it “easier and faster to offer affordable and fair financing”.

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Source: Green loans on the rise with Plenti’s OpenSolar deal | The Fifth Estate