DCU, Hub firm team up for $100M solar loan program
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Digital Federal Credit Union (DCU), and Sungage Financial, a Boston-based platform that provides homeowners with access to low-cost solar financing, have initiated a $100 million residential solar loan program, the companies announced Thursday.
Through this new partnership, Marlborough-based DCU will leverage Sungage’s platform and installer network to finance approximately 4,000 solar installations nationwide, the company said.
Sungage, which offers a solar finance program in Connecticut, will expand its operations to serve installers and homeowners in Massachusetts, New Jersey and New York, with plans to add more markets next year, it said.
“The partnership provides homeowners with the opportunity to get efficient and reliable solar technology at an affordable cost,” Debbie Taverna, vice president of consumer lending at DCU said in a statement.
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