SolSource Secures $300 Million to Expand into 7 New States

MIAMI, Oct. 01, 2026 /CourierPR/ -- SolSource Solutions, a residential solar and storage finance company, has secured $300 million in new tax credit and warehouse financing. This significant funding will support the company's geographic expansion into new markets, marking a pivotal step in its growth strategy.

The latest round of financing enables SolSource to enter Connecticut, Illinois, Massachusetts, Ohio, Oregon, Rhode Island, and Washington. With these additions, the company is now active in 13 states, a testament to its expanding reach and market acceptance. Additional markets are set to open in the fourth quarter of this year, further solidifying SolSource's position in the renewable energy sector.

SolSource launched its nationwide operations in early 2026, partnering with leading technology providers and distributors to deliver a simplified, transparent Total Payment Option (TPO) financing solution. This innovative approach aims to provide homeowners with low-cost, accessible solar and storage systems, helping them reduce their utility bills through a long-term energy agreement.

Propel, SolSource's flagship product, allows customers to acquire solar and storage systems through a prepayment model. Homeowners can choose to pay in cash or through a fixed-payment loan originated by TriBeam Financial, a technology-driven point-of-sale lending platform. The Propel solution monetizes the value of tax credits for homeowners without hidden fees or payment escalators, making it an attractive option for those looking to invest in renewable energy.

Enphase Energy serves as the exclusive provider of microinverter and battery hardware, ensuring high-quality, reliable systems for customers. Greentech Renewables handles national distribution and installer support, while TriBeam Financial provides the necessary financing. This collaboration ensures a seamless and efficient experience for both homeowners and installers.

Chris Couture, CEO of SolSource Solutions, expressed satisfaction with the market's response to the Propel product.

The expansion into new states and the continued growth of SolSource's operations underscore the company's commitment to making renewable energy accessible to a broader audience. As SolSource continues to scale, it aims to drive down the cost of solar and storage systems, contributing to a more sustainable future for homeowners across the United States.