flexiblefullpage - default
Currently Reading

How One Fintech Entrepreneur Is Working to Make Solar Affordable for Every Household

Advertisement
billboard - default
Solar

How One Fintech Entrepreneur Is Working to Make Solar Affordable for Every Household

With the help of his solar loan fintech company, GoodLeap, Hayes Barnard is hoping to finance solar installations for a growing number of households across the U.S.


September 29, 2022
Rooftop solar panels on residential home
Image: Stock.adobe.com

Entrepreneur Hayes Barnard is working to help ordinary home­owners finance solar installations over a 25-year period through his fintech company, GoodLeap, which now finances a market-leading 28% of all home solar installations nationwide, according to Forbes. Only 4% of U.S. households have made the switch to solar, but with the help of tax credits for green home improvements allocated from the recently passed Inflation Reduction Act, GoodLeap hopes to expand its consumer base.

Through GoodLeap’s solar loan program, buyers can claim green tax credits while using their energy bill savings for monthly payments, making solar a viable and affordable option for a growing number of homeowners across the U.S.

There are a lot of parts to this model. Homeowners aren’t sitting alone in their dens buying solar systems. Instead, they’re dealing with 26,000 contractors and salesmen, some working through giants like Lowe’s and Home Depot, who are equipped with a GoodLeap app. That app allows sufficiently creditworthy homeowners to gain instant approval for a fixed-rate loan of up to $135,000 for 20 types of sustainable improvements, including solar panels, home batteries, new HVAC systems, energy-efficient windows and even water-saving artificial lawns.

Read more

Advertisement
leaderboard2 - default

Related Stories

Net Zero

40 Finalists Selected to Advance in DOE's 2024 Solar Decathlon

The U.S. Department of Energy's annual design challenge recognizes collegiate cutting-edge, zero energy building designs

Products

10 Energy-Efficient Products for a More Sustainable Home

These energy-saving products can significantly lower utility costs while reducing a home's overall carbon footprint

Solar

A Look Into Microgrids—What They Are and How They Work

As state funding becomes more readily available for energy-efficient building projects, interest in residential communities that act as their own miniature power grids, otherwise known as microgrids, is on the rise

Advertisement
boombox1 -
Advertisement
native1 - default
halfpage2 -

More in Category

Delaware-based Schell Brothers, our 2023 Builder of the Year, brings a refreshing approach to delivering homes and measuring success with an overriding mission of happiness

NAHB Chairman's Message: In a challenging business environment for home builders, and with higher housing costs for families, the National Association of Home Builders is working to help home builders better meet the nation's housing needs

Sure there are challenges, but overall, Pro Builder's annual Housing Forecast Survey finds home builders are optimistic about the coming year

Advertisement
native2 - default
Advertisement
halfpage1 -

Create an account

By creating an account, you agree to Pro Builder's terms of service and privacy policy.


Daily Feed Newsletter

Get Pro Builder in your inbox

Each day, Pro Builder's editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Save the stories you care about

Lorem ipsum dolor sit amet lorem ipsum dolor sit amet lorem ipsum dolor sit amet.

The bookmark icon allows you to save any story to your account to read it later
Tap it once to save, and tap it again to unsave

It looks like you’re using an ad-blocker!

Pro Builder is an advertisting supported site and we noticed you have ad-blocking enabled in your browser. There are two ways you can keep reading:

Disable your ad-blocker
Disable now
Subscribe to Pro Builder
Subscribe
Already a member? Sign in
Become a Member

Subscribe to Pro Builder for unlimited access

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.