Of the four contractor financing platforms in this comparison, only two are fully open for new business in mid-2026. Mosaic stopped originating loans in May 2025 and now exists only as a serviced loan portfolio. Sunlight Financial is lending again after its own 2023 bankruptcy, but with legal baggage. EnerBank still operates, rebranded as Regions Home Improvement Financing. Hearth remains the strongest multi-trade option, with a flat subscription instead of per-deal dealer fees.
Key takeaways
- Mosaic filed Chapter 11 on June 6, 2025, stopped new originations in May 2025, and its $8 billion loan portfolio moved to Solar Servicing LLC, a Forbright Bank unit, in September 2025. No new Mosaic loans exist.
- Sunlight Financial emerged from its October 2023 bankruptcy in December 2023 under a consortium including Greenbacker Capital Management and Cross River Bank, and is originating solar loans again in 2026.
- EnerBank now does business as Regions Home Improvement Financing and still offers a true 0% fixed APR Zero Interest Loan, per Regions' own program pages.
- Hearth charges contractors a flat annual subscription ($1,499 to $4,999 plus a $99 setup fee) with zero dealer fees, and its 18-plus lender network accepts FICO scores down to 550 on loans up to $250,000.
- Hearth's advertised homeowner rates now start at 7.99% APR, not the 4.9% figure many older comparisons still repeat.
Quick verdict by contractor type
The quick verdict depends on your trade, because these platforms no longer compete head to head the way they did in 2023. For multi-trade home improvement work (roofing, HVAC, remodels, windows, plumbing, electrical), Hearth wins on breadth, credit reach, and predictable cost. For deals where a clean 0% offer closes the sale, Regions Home Improvement Financing (the former EnerBank) wins with its Zero Interest Loan. For solar-only contractors, Sunlight Financial is one of the few dedicated survivors, but it deserves a backup. Mosaic wins nothing: it cannot take new business.
Platform status at a glance (mid-2026)
| Platform | Status | New loans? | Model | Cost to contractor | Primary trades |
|---|---|---|---|---|---|
| Hearth | Operating | Yes | Marketplace, 18+ lenders | $1,499 to $4,999/yr flat, $0 per deal | All home improvement trades |
| Sunlight Financial | Operating, post-bankruptcy | Yes | Direct solar lender (with Cross River Bank) | Dealer fee per transaction | Solar, some home improvement |
| Mosaic | Servicing only | No | Portfolio serviced by Solar Servicing LLC | N/A | None (defunct for new business) |
| EnerBank (Regions) | Operating as Regions Home Improvement Financing | Yes | Bank-owned direct lender | Dealer fee, varies by loan product | HVAC, roofing, windows, remodeling |
Mosaic: closed to new loans since May 2025
Mosaic is no longer an option for any contractor. The company halted new originations in May 2025 and filed Chapter 11 on June 6, 2025, in the Southern District of Texas, as reported by pv magazine USA. The bankruptcy court confirmed its plan on September 5, 2025, and the company emerged on September 22, 2025, with its loan servicing operations transferred to Solar Servicing LLC, a unit of Forbright Bank, according to the Businesswire announcement from Forbright.
That transfer covers servicing only. Existing borrowers keep paying on the roughly $8 billion portfolio under unchanged terms, but no new loans are written under the Mosaic name. For scale, Mosaic had funded over $15 billion in loans to more than 500,000 households since 2010, which makes its exit the largest single removal of capacity from the solar lending market to date.
The causes were structural, not a one-off stumble: higher interest rates squeezed loan economics, residential solar installations fell sharply in 2024, and the federal Section 25D residential solar tax credit expired at the end of 2025, killing a major demand driver. Any contractor still listing Mosaic as a financing option should remove it today.
Sunlight Financial: lending again, with baggage
Sunlight Financial survived its bankruptcy and is originating loans in 2026, which puts it a full tier above Mosaic. The company filed Chapter 11 in October 2023 and emerged in December 2023 under a consortium including Greenbacker Capital Management, Sunstone Credit, IGS Ventures, and its secured lender Cross River Bank, per ABF Journal's coverage of the restructuring. In January 2024, Sunlight and Cross River sold roughly $300 million in solar loan assets, and in July 2025 Sunlight integrated with the Artemis solar sales platform, both signs of a functioning business.
The baggage is real, though. Sunlight is one of four solar lenders (with GoodLeap, Mosaic, and Dividend) sued by the Minnesota Attorney General in March 2024 over roughly $35 million in hidden dealer fees on more than 5,000 loans, fees the state says inflated borrower costs by 15 to 30 percent. Related cases were consolidated into a federal multidistrict litigation in Minnesota in October 2024, and the matter remains active as of mid-2026. Sunlight does not publish its dealer fee schedule; solar dealer fees across the industry commonly run in that same 15 to 30 percent band, which is exactly what the litigation targets.
A solar contractor can still use Sunlight, but should treat it as one leg of a stool, not the whole stool. Pairing it with a diversified platform is the sane move, the same logic covered in our Hearth vs GoodLeap comparison.
EnerBank is now Regions Home Improvement Financing
EnerBank no longer operates under its own name: Regions Bank folded it into the brand Regions Home Improvement Financing, and the enerbank.com pages now carry Regions branding. The program itself is intact and remains the most conservative, stable option in this comparison. Regions has run contractor loan programs for over two decades and lends across HVAC, roofing, windows, siding, plumbing, and remodeling rather than depending on solar.
The standout product is still the Zero Interest Loan (ZIL): a true 0% fixed APR for the full loan term with equal monthly payments, as described on Regions' own program pages. A ZIL is not deferred interest, so no retroactive interest hits the homeowner if the balance runs the full term. Regions also offers Same-As-Cash loans (no interest if paid within the promo window) and reduced-rate products. The trade-off is the dealer fee: Regions does not publish its fee schedule, fees vary by product, and promotional 0% money always costs the contractor the most, a dynamic we break down in how 0% APR contractor financing actually works.
For storm restoration and insurance-deductible jobs, that ZIL remains one of the cleanest closing tools in the market. See our full Hearth vs EnerBank (Regions) breakdown for the deal-level math.
Hearth: the multi-trade marketplace
Hearth takes a different shape from the other three: it is not a lender at all. One homeowner application goes out to a network of 18-plus lending partners, so a customer declined by one lender can still be funded by another. As of mid-2026, Hearth's own pricing pages list three plans, Essentials at $1,499 per year, Pro at $1,799, and Elite at $4,999, each with a one-time $99 setup fee and zero per-transaction dealer fees.
Homeowner terms through the network: loans from $1,000 to $250,000, terms of 2 to 12 years, FICO scores accepted down to 550, and advertised rates starting at 7.99% APR. Note that rate floor: plenty of older comparison articles still quote Hearth starting near 4.9%, a number from the low-rate era that no longer matches what Hearth itself advertises. Pre-qualification uses a soft credit pull only.
The subscription model changes the math entirely. A contractor paying a 10 percent dealer fee hands over $3,000 on a single $30,000 job; a Hearth Pro subscriber pays $1,799 for the whole year no matter the volume. We run the full break-even numbers in how much Hearth costs contractors and in our dealer fee analysis.
Fees: flat subscription vs dealer fees
| Cost item | Hearth | Sunlight Financial | Regions (EnerBank) |
|---|---|---|---|
| Annual cost | $1,499 / $1,799 / $4,999 by plan | $0 | $0 |
| Per-transaction fee | $0 | Dealer fee (industry range 15 to 30% on solar promo products, per the MN AG filing) | Varies by product, highest on 0% promos |
| Setup fee | $99 one time | None published | None published |
| Cost predictability | Fixed, known in advance | Scales with every funded job | Scales with every funded job |
Fee structure is where the models genuinely diverge. Dealer-fee platforms cost nothing until you fund a job, which suits low volume; a flat subscription wins once financed volume passes roughly $20,000 to $40,000 a year depending on the fees you would otherwise eat. Winner: Hearth for any contractor financing more than a handful of jobs a year, Regions for occasional promo-driven deals.
Credit reach and loan sizes
Credit reach determines how many of your homeowners actually get approved, and the differences here are large. Hearth's network accepts FICO scores down to 550 and loans up to $250,000, the widest published range of the group; we cover what that floor means in practice in FICO scores and contractor financing. Sunlight and Regions underwrite as single lenders, so a decline is a dead end unless you have a second platform. Neither publishes a hard FICO minimum in 2026; prime-leaning underwriting is the safe assumption for both, tighter than pre-2023 given the industry's stricter post-bankruptcy credit standards. Winner: Hearth on both credit floor and maximum loan size.
Stability: what the Mosaic collapse teaches
Platform stability is now a selection criterion in its own right, because contractors who built their sales process on Mosaic lost their financing partner with weeks of notice. Mosaic processed billions in loans in 2023 and was servicing-only by September 2025. Before signing with any platform, check three things: who owns it (a regulated bank beats a thinly capitalized monoline), whether it depends on one market or one subsidy (pure solar lenders were wiped out when rates rose and the 25D credit died), and whether it survives on per-deal economics that crumble when volume drops.
By that test, Regions is the most stable partner here (a bank-owned program), Hearth is diversified across 18-plus lenders and every trade, and Sunlight carries the most concentration risk as a solar monoline with active litigation. Roofers weighing storm-season exposure can see how this plays out across lenders in our roofing financing programs comparison.
Choose Hearth if, choose Regions if, choose Sunlight if
Choose Hearth if you run a multi-trade or remodeling business, finance more than a few jobs a year, or lose deals to declined credit. The 550 FICO floor, $250,000 ceiling, and flat cost make it the default primary platform, and HVAC shops can compare it against trade-specific options in our HVAC financing programs guide.
Choose Regions (EnerBank) if a genuine 0% fixed-rate offer is what closes your deals: storm restoration, insurance deductibles, seasonal HVAC replacements. Pair it with a marketplace platform to catch the homeowners its underwriting declines.
Choose Sunlight if you are a dedicated solar installer who needs a solar-native lender, and keep a second option live. GoodLeap operates in the same space but was named in the same Minnesota litigation, so diversification matters more than brand choice.
Skip Mosaic. There is nothing to choose; it does not write loans.
The most defensible 2026 setup for a general home improvement contractor is Hearth as the primary platform with Regions as the 0% promo tool for specific deal types. That pairing covers most credit profiles at a known annual cost. Broader alternatives are compared in our four-platform contractor financing comparison, and if you want to see Hearth's numbers for your own volume, you can start with Hearth here.
How we put this together
We verified each platform's operating status against primary and trade sources in July 2026: pv magazine USA and the Forbright Bank/Businesswire announcements for the Mosaic bankruptcy and servicing transfer, ABF Journal for Sunlight's restructuring, the Minnesota Attorney General's office for the dealer-fee litigation, Regions' own EnerBank program pages for the ZIL product, and Hearth's published pricing pages for plan costs, rates, and lender count. Where a platform does not publish a number (dealer fee schedules, FICO minimums), we say so rather than guessing.
Frequently asked questions
Is Mosaic still in business in 2026?
No, not for new loans: Mosaic stopped originating in May 2025, filed Chapter 11 in June 2025, and its $8 billion portfolio is now serviced by Solar Servicing LLC, a Forbright Bank unit. Existing borrowers keep their original payment terms, but contractors cannot offer Mosaic financing.
Did Sunlight Financial go out of business?
No. Sunlight Financial filed Chapter 11 in October 2023, emerged in December 2023 under new investor ownership including Greenbacker Capital Management and Cross River Bank, and is originating solar loans again as of 2026, though it faces ongoing multidistrict litigation over hidden dealer fees.
What happened to EnerBank?
EnerBank became Regions Home Improvement Financing after Regions Bank absorbed it into its own brand; the lending program continues under the Regions name. The product lineup, including the 0% fixed APR Zero Interest Loan and Same-As-Cash options, is still offered to contractors.
Does Hearth charge dealer fees?
No, Hearth charges zero per-transaction dealer fees; contractors pay a flat annual subscription of $1,499, $1,799, or $4,999 depending on plan, plus a one-time $99 setup fee, per Hearth's 2026 pricing pages. Homeowner loan pricing comes from the individual lenders in Hearth's network.
What credit score do homeowners need for Hearth financing?
Hearth's lender network accepts FICO scores down to 550, the lowest published floor among major contractor financing platforms in 2026. Approval and rate still depend on the individual lender, and advertised rates start at 7.99% APR with terms of 2 to 12 years.
What should solar contractors use now that Mosaic is gone?
Solar contractors should run at least two platforms: a solar-native lender such as Sunlight Financial or GoodLeap plus a diversified option like Hearth or a bank program, so a single lender's underwriting or another market shock cannot stall sales. The Mosaic collapse showed how fast a single-lender setup can fail.
