Dividend Launches Residential PACE Financing

Dividend Solar, a division of Dividend Finance, now offers residential PACE financing and its industry-leading EmpowerLoan™ on a single platform for contractors and homeowners. This new platform streamlines the financing process for contractors and their customers, giving homeowners easier access to financing for solar and energy efficiency improvements .

"A single platform now means that our partners never have to make a change mid-sale and it gives the customer options to choose what works best for them," said Chris Doyle, Chief Commercial Officer for Dividend. "With Dividend PACE, more homeowners can now qualify, while giving our partners the ability to expand their business into other areas of energy improvements as well."

Dividend operates in 28 states through a growing network of quality-driven solar installation partners; the Company's solar loans offer competitive rates and multiple terms. In addition, Dividend PACE allows property owners to access long-term financing repaid through property taxes, currently available to 40% of homes in California and growing to cover more cities and counties every month. The Dividend EmpowerLoan and PACE financing work seamlessly together, from applying for and quoting financing to offering performance guarantees and warranty management.

"Dividend PACE financing builds on the EmpowerLoan legacy, challenging existing convention and delivering on the details that contractors and installers really care about -- efficient process, competitive rates, and transparency with the customer," Doyle added. "We focused on building the simplest platform to help customers get prequalified for multiple products instantly, choose the option that is best for them, and expedite the process for all parties."

The platform will offer home energy and water efficiency financing early in 2017. With a seamless experience for multiple options, homeowners will continue to enjoy superior financing and instant approval, getting the information they need quickly to make an informed decision while partners and installers will benefit from the ability to offer a variety of products with less effort.