The solar lending industry is facing challenges due to traditional lenders' issues, with Skylight Lending introducing a new model focused on transparency, partner-centric approaches, and faster funding to address the market's needs.

Solar financing company Mosaic has paused operations and loan approvals due to uncertainty over the solar tax credit and high interest rates, impacting solar installers and homeowners. The company cited guidance from the House of Representatives' budget package, which threatens to eliminate the tax credit for home systems. This decision follows a 31% decline in residential solar capacity in 2024, as the industry faces challenges from market turbulence and financing cost increases.

The solar lending industry is facing challenges due to systemic issues in traditional models, with legacy lenders struggling to meet market demands. Skylight Lending has emerged as a disruptive force, offering a transparent, partner-centric approach to residential solar and battery financing to stabilize the sector.

The solar lending industry faces challenges as legacy providers struggle with financial constraints and operational inefficiencies. Skylight Lending emerges as a disruptor with a partner-centric model focused on transparency, speed, and support to address systemic issues in the residential solar and battery storage sector.

Office-to-residential (resi) conversions are expanding beyond the Financial District (FiDi) in New York City, with developers targeting new neighborhoods such as Times Square, Turtle Bay, and NoMad. These transformations are driven by favorable economic conditions, including a strong residential market and state tax incentives, which have contributed to a quadrupling of planned projects in a year. The trend is not just limited to Manhattan but also extends to outer boroughs and industrial buildings.