Solar Financing with No Payments for 12 or 18 Months*

PowerSwitch ZERO


PowerSwitch ZERO is a solar-industry first: financing with zero payments for 12 or 18 months. It will help you close more deals, increase sales and allow your customers to save their cash. And, a streamlined onboarding process makes it a great time to join Mosaic.

All PowerSwitch Zero Loans made by WebBank, Member FDIC, Equal Housing Lender.

*No payments for 12 or 18 months – interest will be charged from the start of loan if the principal balance is not paid in full within deferred interest period.

Zero Contact, Fast Approvals, Simple Sales Process

PowerSwitch ZERO keeps cash in homeowners’ pockets.

PowerSwitch ZERO

  • 12 or 18 months with no payments
  • 10-, 15-, 20 or 25-year repayment term begins after promo period
  • No pre-payment penalty
  • Available for solar projects, solar with batteries, and solar for second homes and rentals, as well as other energy-efficient upgrades or re-roofing

— A 25 year, fixed-rate, $30,000 PowerSwitch ZERO loan with a 2.99% APR and an 18-month promotional period, would have 300 monthly payments of $148.50, starting after the end of the promotional period.
— Annual Percentage Rate (APR) in the example includes a 0.25% interest rate reduction for borrowers who sign up for automatic payments. Interest Rate and monthly payments will increase if borrower changes payment method.

Portal 2X Sales Tool

  • Transparent, contact-free process from any mobile or desktop device
  • Flexible account creation
  • Automated customer walkthrough via text or email
  • Instant pre-approval decisions

Boost your business with the loan homeowners will love:

PowerSwitch ZERO.

Solar Loans for Every Customers’ Need

No two customers are the same. If PowerSwitch ZERO isn’t an ideal fit, explore our other solar loans: PowerSwitch CHOICE is for customers looking to take advantage of the Federal Solar Investment Tax Credit, while PowerSwitch PLUS is for customers who want to bundle other home improvements with their solar project.

Close Sales Faster with Portal 2X

Mosaic’s new contact-free sales tool lets you close sales with just a few clicks on any mobile device, laptop or desktop computer. Approvals are faster than ever before. It’s self-service — no downloads or updates needed. It’s your proven, all-digital back office that gives your sales team instant access to their PowerSwitch ZERO pipeline from anywhere.

Frequently Asked Questions

PowerSwitch ZERO — Credit Policy

Can a borrower use combined household income for their loan application?

No, the borrower must use individual income.

Can the PowerSwitch ZERO loan be used for non-primary residences?

Yes, PowerSwitch ZERO can be used for second, rental or vacation homes.

Can a borrower use the PowerSwitch ZERO loan for other home improvement projects?

Yes. Up to 50 percent of the loan can be used for non-solar equipment such as batteries, other energy efficiency upgrades or re-roofing.

Can PowerSwitch ZERO be a second loan?

Yes. The limit is defined only by the total exposure limit allowed to a borrower.

Are loan adjustments permitted?

Yes, loan adjustments will continue to follow the same rules as in the past: a Partner may adjust a loan before final funding on the loan. If there is only a single funding milestone for the loan, then a loan adjustment must occur before the installation is complete. (For example, a homeowner may decide to add a battery mid solar installation.)

Does a borrower need to re-apply for credit if they choose to pursue a PowerSwitch CHOICE or PLUS loan post-PowerSwitch ZERO credit decision?

Yes, a new credit check is necessary when pursuing a new PowerSwitch CHOICE or PLUS loan.

PowerSwitch ZERO — Loan Features

When does the loan start for the homeowner?

Both the 12- and 18-month promotional periods begin at first disbursement, once the installation is complete. For the 12-month promotional period, the borrower’s loan repayment will begin in the 13th month. For the 18-month promotional period, the borrower’s loan repayment will begin in the 19th month.

How is interest treated/accrued?

Payments and interest are deferred during the promotional period, but interest does accrue throughout the promotional period. If the loan is paid in full prior to the end of the promotional period, then the interest is waived. If the loan is not paid in full during the promotional period, then the interest accrued during the promotional period is capitalized, meaning added to the principal balance, and billed/repaid, with interest, over the life of the loan.

Is there reamortization on this loan?

Yes, the loan reamortizes at the end of the promotional period.

Is the PowerSwitch ZERO loan transferable like PowerSwitch CHOICE and PowerSwitch PLUS?

The PowerSwitch ZERO loan is transferable after the Promo period.

PowerSwitch ZERO — Operations

Are welcome calls required for PowerSwitch ZERO loans?

Yes, welcome calls are required.

Is photographic proof required at installation completion?

No. Borrowers will confirm installation via a text message triggered by the installer.

Portal 2X — Partner User Experience (UX)

Will Portal 2X show existing PowerSwitch PLUS and CHOICE loans that are in the sales pipeline that weren’t initiated via the app?

No, Portal 2X will only show opportunities that were created in Portal 2X.

How do partners submit documents in Portal 2X?

For the Sales Agreement (Home Improvement Agreement, or “HIA”) and PTO document submission, there is an upload tool in Portal 2X that allows the partner to use any of their devices (desktop, tablet or mobile) to upload copies of those documents. If using a desktop, the upload tool can access any document available on that computer. If using a tablet or mobile, the partner can take pictures of the documents via the device camera and upload the document that way.

Will partners continue to go through the Portal to see status updates?

No. All opportunity status updates related to PowerSwitch ZERO loans will be shown in Portal 2X, both in the pipeline view as well as on that opportunity’s dashboard screen. Any PowerSwitch CHOICE and PowerSwitch PLUS loans will continue to be tracked on the Portal.

Will equipment be built into Portal 2X, or will partners still go through Portal in order to select from the approved manufactured equipment?

There is no equipment selection required/requirement for PowerSwitch ZERO. This information is not needed to generate a loan agreement in Portal 2X.

At launch, will partners be offering PowerSwitch ZERO via Portal 2X also be able to create other home improvement projects in Portal 2X?

No, but partners can continue to create home improvement projects via Portal.

Keep it simple for your customers:

Install a button on your site or send a link for customers to get a near-instant credit approval to finance their solar project with a PowerSwitch ZERO loan, available through the Mosaic platform. Learn more about SwiftLink’s single-screen credit application form that can be completed in a matter of seconds.