Sunrise Banks’ Post

Check out Solar Builder Magazine's recent feature on Flic Financial's tips for homeowners going solar!

Transforming businesses with solar power! Check out Lau Repair and Trucking's solar panels financed by OFN member GROW South Dakota. David Lau's forward-thinking investment not only cut costs but also contributes to a sustainable future. Learn more: https://bit.ly/3vylI6N #ClimateChange #SolarPower #BusinessTransformation

The renovation revolution is starting to kickoff - incentives to upgrade in the right direction for reduced running cost and comfort all year round - this is all about the missing affordability narrative: not just afford to buy or rent but afford to live in… We need to bring these together to have a more nuanced and informed discussion about our homes - delivered through more comprehensive property insights. It’s time for proptech platforms and property matting professional to step up and understand how to connect into this new value opportunity AND Make a difference to peoples lives. Reach out if you’re interested to know how. Proptech Association Australia

There's a need for 'green renovations' to meet net zero targets, which requires capital investment. What if you could receive the benefits of green electricity from solar panels, without the upfront cost? This is where Zero Citizen's Renewable Energy Fractions and its sharing economy model enters the market: https://lnkd.in/eJY4n7BW https://lnkd.in/eBucqq4f

🌞 Exciting News! 🏠💡 We're thrilled to share that your trusted banking group, FNB, is stepping up to support your sustainable energy dreams! 🌿☀️ Starting soon, FNB says it will be offering the government's Energy Bounce Back (EBB) Loan Guarantee Scheme to individual and commercial customers. What does this mean for you? It means you may get the financial boost you need to bring rooftop solar and energy storage to your home and business. 🏡⚡ By investing in clean, renewable energy, you'll not only reduce your electricity bills but also contribute to a greener, more sustainable future. 🌎🌟 Check the article in the link down below for more information. https://lnkd.in/djuGUbJ4

Until the financing companies behind these bad actors are held accountable this will continue and no amount of regulation will stop it. Companies who are already ignoring the rules and laws of the utilities and local cities will ignore those passed by states as well. States need to focus the finance companies who fund these high pressure sales teams in order to affect real change.

Hey you! Got 5 minutes? That's how long it could take you to find out if you qualify for a HELOC - Home Equity Line of Credit. 😍 🏡Use yours to add an ADU to your property to generate passive income. 🏡Add solar panels to reduce your home utility bills and your carbon footprint. 🏡Pay for education. 🏡Consolidate debt. 🏡Open a business. DM me to find out how to get started. #movementmortgage #impactlender #heloc #adus #solarpanels

Hey you! Got 5 minutes? That's how long it could take you to find out if you qualify for a HELOC - Home Equity Line of Credit. 😍 🏡Use yours to add an ADU to your property to generate passive income. 🏡Add solar panels to reduce your home utility bills and your carbon footprint. 🏡Pay for education. 🏡Consolidate debt. 🏡Open a business. DM me to find out how to get started. #movementmortgage #impactlender #heloc #adus #solarpanels

Hey you! Got 5 minutes? That's how long it could take you to find out if you qualify for a HELOC - Home Equity Line of Credit. 😍 🏡Use yours to add an ADU to your property to generate passive income. 🏡Add solar panels to reduce your home utility bills and your carbon footprint. 🏡Pay for education. 🏡Consolidate debt. 🏡Open a business. DM me to find out how to get started. #movementmortgage #impactlender #heloc #adus #solarpanels

Via PV Mag: " Sunlight Financial struggles for survival: In its recent quarterly earnings report, Sunlight Financial disclosed nearly $550 million in underwater residential solar loans, after which it executed a 20:1 reverse split to bolster their stock price, aiming to maintain it above $1/share to avert delisting. Sunlight Financial released an 8-K on August 23, 2023, indicating it had performed a 10:1 and 25:1 reverse stock split on their Class A and Class C shares, respectively. The effective 20:1 reverse stock split became active on the trading day of August 23rd. According to the New York Stock Exchange regulations, a company risks delisting if its shares trade below $1 for more than thirty days. If a stock goes below $1/share and is delisted, many prominent investors either won’t or cannot invest, which can drive negative business spirals. For several months, Sunlight Financial’s stock had been trading below the $1 mark and, following the announcement of $550 million in underwater solar loans, plummeted to just over $0.10/share. In anticipation of the 20:1 reverse split, the share price started to bubble up, reaching nearly $2.80/share the day before. It subsequently dipped to approximately $2/share, mirroring the pre-split $0.10/share valuation. Ken Braiser, a reader of pv magazine USA from StarkPoint Capital Advisors, comments: Splits are of no economic consequence for a firm in this situation, they neither add nor subtract value. However, stock exchanges require minimum share prices to continue a listing.   I expect that is why we saw this action. Braiser clarified that neither he nor his firm have any stakes in Sunlight Financial. As previously highlighted by Ohm Analytics, segments of the residential solar market are grappling with financial difficulties stemming from rising interest rates. The boom in residential solar growth over the prior several years was partially powered by federal interest rates near zero for an extended duration. This environment enabled companies like Sunlight to propose long-term deals to homeowners, providing both ownership and electricity savings with no upfront costs. Furthermore, Sunlight’s financial product structure considered the cash flow necessities of smaller solar firms, ensuring they could manage their payroll even before the completion of solar projects. These broad financial strains have caused some solar businesses to shutter, while others have ventured into new territories. Nationally, the sunset of California’s net metering 2.0 may act as the silver lining, preserving a positive growth rate for the year. However, except for a handful of specific residential markets, the country is on track for a decline in residential solar growth in 2023. " #EnergyStrorage #BatteryStorage #Energy