The industry is backed by strong tailwinds to high energy bills, lack of energy reliability for homeowners in many regions, and extended tax credits. Traditionally, solar and broader home improvement solutions have relied on basic ways of financing, including personal bank loans, credit card and cash, none of which helped accelerate adoption.

Mubadala has invested in GoodLeap, a company founded in 2018 by serial entrepreneur Hayes Barnard, which uses cloud-based, software-driven tools to help installers and manufacturers offer easier, more competitive, faster financing options. The result is more homeowners installing more technology at affordable prices and accelerated business growth for installers and manufacturers. GoodLeap is the leader in U.S. residential solar and scaling fast its sustainable home improvement financing.

The company has helped finance more than 600,000 homeowners, driving more than USD 22 billion in utility bill reductions, and more than nine million tons of carbon dioxide offset.