‘Solar Bond’ Demand Goes Through the Roof - WSJ

2022-06-19 00:10:56 By : Ms. Renee Chan

https://www.wsj.com/articles/solar-bond-demand-goes-through-the-roof-11630747800

Investment firms are buying record amounts of so-called solar bonds, debt issued to help U.S. individuals finance the purchase of rooftop solar panels to power their homes.

Sales of solar bonds hit around $2 billion in the first six months of the year, roughly double levels during the same period in 2020 and 2019, according to deal tracker Finsight.com. The bonds, which are backed by bundles of loans made to homeowners for panel purchases, are being issued by a handful of financing companies that specialize in residential solar panels, including GoodLeap LLC, Sunnova Energy Corp. and Solar Mosaic Inc.

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