Latest news with #solarfinancing
Yahoo
30-06-2025
- Business
- Yahoo
Solar lending company declares bankruptcy following attacks on solar incentives: 'Caused some uncertainty and volatility'
The uncertainty around the solar tax credit is causing waves in the solar power industry, as one of the largest solar financing companies just filed for bankruptcy. According to EnergySage, an expert in the solar power industry, Mosaic filed for Chapter 11 on June 6. "The political uncertainty surrounding the fate of solar tax credits has put significant pressure on the industry, squeezing companies already contending with high interest rates and unfavorable policy changes," EnergySage said. In May, the House of Representatives passed a bill that would end the solar tax credit at the end of the year. It was initially supposed to end at the end of 2035. The bill is now with the Senate, which plans to vote on the bill by the August recess. Mosaic is optimistic that it will pull through, as it will continue to operate without disruptions. Since 2010, the financing company has helped over 360,000 households obtain solar power. While there is uncertainty about the solar tax credit, there is no uncertainty around the savings that families get when they install solar panels. They can save up to $1,500 a year on energy bills. Solar power is also better for the environment. It doesn't use dirty energy to power your home, so no polluting gases are released that warm the planet. That also means better air quality in neighborhoods. With EnergySage's free marketplace, it's easy to invest in solar power. You can search and compare quotes for an installer in your area just like you would flight deals. EnergySage can even help you save up to $10,000 in incentives for panels and installation. Additionally, EnergySage offers a helpful tool that displays the average cost of solar installation in each state, along with the available incentives. According to Solar Builder, those incentives are as high as 30%, but it's unclear if they will remain in place next year. It will all depend on whether the government votes to eliminate the tax credits. What's the biggest obstacle stopping your organization from using solar panels? They're too expensive Don't know where to start They're an eyesore We already use solar panels Click your choice to see results and speak your mind. Sungage Financial CEO Mike Gilroy expects short-term disruption if the government votes to eliminate the tax credit. "The current legislation has caused some uncertainty and volatility in the market," he said. However, he's optimistic about the future. He told EnergySage: "We expect rising utility rates, increased demand for electricity, the need for energy resilience in extreme weather events, a desire for control over energy costs, and support of clean energy will continue driving solar growth over time." Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet.
Associated Press
19-06-2025
- Business
- Associated Press
The Awareness Group Launches Enhanced Non-Credit Score Driven National Residential PPA Solar Financing Program
New program to drive clean energy adoption in energy districts Scottsdale, Arizona--(Newsfile Corp. - June 19, 2025) - The Awareness Group (TAG) (OTC Pink: FHLD) (trading as Freedom Holdings), $FHLD, an emerging national leader in solar energy services and financing solutions and creator of the TAG GRID, today announced a major upgrade to its Non-Credit Score Driven National Residential PPA Solar Financing Program ('No FICO'). The improved platform is now exclusively available in Energy District areas, where it is designed to deliver maximum impact for underserved communities while creating scalable, high-yield opportunities for investors and dealers. Pablo Diaz, CEO and Founder of The Awareness Group, commented: 'TAG is rewriting the playbook for residential solar in underserved communities. Our No FICO PPA isn't just a financing solution - it's a strategic lever for creating long-term value in clean energy ecosystems that have been historically overlooked. This advancement strengthens TAG's position in residential solar financing and broadens its presence in markets aligned with environmental justice, sustainability goals and clean energy investment.' A Breakthrough Model for Clean Energy Investment TAG's upgraded No FICO Program removes credit barriers and accelerates project execution, making it one of the most efficient and inclusive financing models in the solar industry. Key features include: Designed specifically for Energy Districts, this model aligns with ESG investment criteria and positions TAG at the intersection of impact and innovation. Investor-Backed Dealer Ecosystem With Recurring Revenue Potential Through TAG Financial Services, VIP solar dealers gain access to a full suite of services that reduce friction and increase scalability: TAG's value proposition for dealers also delivers long-term, securitized assets for investors: This structure supports recurring revenue, efficient capital deployment and a robust pipeline of structured finance opportunities. About TAG At the Awareness Group (TAG), we're not just part of the alternative energy revolution-we're leading it. Fueled by innovation, TAG is setting new benchmarks with the TAG GRID, a groundbreaking national platform that delivers a unique, differentiated program of solar services and financing solutions to its members for both commercial and residential projects. By managing the project from concept to installation, TAG aims to bring a world-class level of service to all members of the TAG GRID and their customers as the guarantor for all projects, therefore bringing higher levels of satisfaction to service providers and end customers. Our growth engine, TAG Financial, encompasses two divisions. TAG Financial Services (TFS) empowers TAG GRID members by managing the front end of the process, working with sales organizations, providing access to a suite of exclusive TAG and third-party lending products and cutting-edge fintech solutions. With TAG Capital, our dynamic in-house fund management division, we're taking it further-directly funding proprietary lending products while maximizing the value of our loan portfolios and investment tax credits (ITCs). As organic growth drives our core strategy, we're also accelerating our expansion through strategic acquisitions, using a proven strategy to secure forward-thinking companies across the alternative energy landscape that will drive incremental revenue, bring unique offerings and solidify TAG's place as the guarantor of all TAG GRID projects. Combined, these initiatives are propelling TAG forward, delivering exceptional value for our customers, employees, partners and investors. With TAG, the future of energy is here and now. For more information, please visit us at Follow us on X: @AwarenessGroup1 Follow us on LinkedIn: Awareness Group on LinkedIn TAG Investor Relations and Media Contact: Brian Siegel, IRC®, M.B.A. Senior Managing Director Hayden IR (346) 396-8696 [email protected] To view the source version of this press release, please visit
