US solar lender Dividend Finance acquired by bank Fifth Third

Facebook
Twitter
LinkedIn
Reddit
Email
Fifth Third is to revisit its clean energy financing target after the acquisition. Image: Solar Rights Alliance via Twitter.

US residential solar lender Dividend Finance is to be acquired by Ohio-based banking company Fifth Third.  

Dividend, which offers financing packages for rooftop solar, energy storage and other home improvement schemes, professes to be one of the US’s leading solar lenders nationally and has developed a point-of-sale platform to improve access to financing for customers and contractors.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Fifth Third, meanwhile, is pursuing a goal of facilitating US$8 billion of sustainable financing by 2025, which includes lending and financing for a host of renewables projects and commercial clients, however the company has said it is now “actively assessing” a new target as a result of its acquisition of Dividend.

The deal is subject to closing conditions and regulatory approvals, and is expected to close in Q2 2022.

“The addition of Dividend Finance to our renewable energy portfolio enhances the scale of Fifth Third’s growing digital service capabilities and supports the Bank’s commitment to environmental leadership in financial services,” Greg Carmichael, chairman and CEO at Fifth Third, said.

US residential solar, which experienced significant growth rates last year, is widely tipped to perform strongly again in 2022 with growth rates upwards of 30% being forecast by some industry stakeholders.

Its growth has prompted renewed interest in the financing of residential solar, with Sunlight Financial going public last year via a deal with special purpose acquisition company (SPAC) Spartan.

21 October 2025
New York, USA
Returning for its 12th edition, Solar and Storage Finance USA Summit remains the annual event where decision-makers at the forefront of solar and storage projects across the United States and capital converge. Featuring the most active solar and storage transactors, join us for a packed two-days of deal-making, learning and networking.

Read Next

October 6, 2025
An expert panel has identified a series of grid failures that led to April's unprecedented power outage in Spain and Portugal, ruling out renewables as the leading cause.
October 3, 2025
SunStrong Management has raised US$900 million to refinance a 'large portfolio' of residential solar assets developed by SunPower.
October 2, 2025
FRV Australia has announced the completion of its largest solar project to date, the 300MW Walla Walla Solar Farm in New South Wales.
September 29, 2025
US solar installer SunPower has taken the next step in its rehabilitation with the acquisition of residential installer Sunder.
September 18, 2025
The capacity of virtual power plants in operation in North America has reached 37.5GW, a 13.7% year-on-year growth, according to Wood Mackenzie.
September 17, 2025
For the third year in a row, self-consumption installs have fallen in Spain, with 611MW of new additions in the first half of 2025, according to a report from trade body APPA Renovables.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK