An international firm has boosted its investment in PosiGen, a New Orleans company that specializes in marketing solar energy systems to lower-income households, by $200 million.
That brings the total investment Brookfield Asset Management has made with PosiGen since 2023 to $600 million. Brookfield is an investment firm with more than $1 trillion in assets. The company’s holdings include telecom towers in India; a portfolio of hydroelectric, wind and solar assets across North America; commercial property in New York, Toronto and Houston; and the Port of Los Angeles.
PosiGen was founded in 2011 and has installed nearly 30,000 solar systems in 15 states. The business offers no credit check financing, which makes its services available to all households, even those with poor credit scores.
The company’s business model depends on tax credits, which allow it to partner with banks or other financial institutions to fund installation of solar panels, which are then leased to homeowners. The primary offering is a 20-year, no money down, no escalating lease that doesn’t require a minimum credit score or income level to qualify.
A recent survey shows small-business owners are feeling more optimistic about the economy following the election.
The National Federation of Independent Businesses’ Small Business Optimism Index rose by eight points in November to 101.7, its highest reading since June 2021.
The Uncertainty Index declined 12 points in November to 98, following October’s preelection record high of 110.
The Federation’s Chief Economist Bill Dunkelberg said small-business owners became more certain about future business conditions following the presidential election, breaking a nearly three-year streak of record high uncertainty.
“Owners are particularly hopeful for tax and regulation policies that favor strong economic growth as well as relief from inflationary pressures,” he said in a statement. “In addition, small business owners are eager to expand their operations.”
The net percent of owners expecting the economy to improve rose 41 points from October to a net 36%, the highest since June 2020.
Some owners are also hoping 2025 will be a good time to grow. The percent of small-business owners believing it is a good time to expand their business rose eight points to a 14%. This is also the highest reading since June 2021.
News Tips:
nolanewstips@theadvocate.com
Other questions:
subscriberservices@theadvocate.com
Need help?
Your browser is out of date and potentially vulnerable to security risks.
We recommend switching to one of the following browsers:
