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PosiGen receives a $200 million investment from an international company
An international company has increased 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 telecommunications towers in India; a portfolio of hydro, wind and solar energy in North America; commercial real estate in New York, Toronto and Houston; and the Port of Los Angeles.
PosiGen was founded in 2011 and has installed nearly 30,000 solar energy systems in 15 states. The company does not offer credit check financing, making its services available to all households, even those with poor credit scores.
The company’s business model relies on tax breaks, which allow it to partner with banks or other financial institutions to finance the installation of solar panels, which are then rented to homeowners. The primary offer is a 20-year, no-money-down, no-escalating lease that requires no minimum credit score or income level to qualify.
Small businesses are more optimistic about the economy
A recent survey shows that small business owners are more optimistic about the economy after the election.
The National Federation of Independent Businesses’ Small Business Optimism Index rose eight points to 101.7 in November, the highest reading since June 2021.
The uncertainty index fell 12 points to 98 in November, after hitting a record high of 110 in the run-up to the October elections.
The Federation’s chief economist Bill Dunkelberg said small business owners gained more certainty about future business conditions after the presidential election, breaking a nearly three-year streak of record high uncertainty.
“Owners are particularly hopeful of tax and regulatory policies that promote strong economic growth and provide relief from inflationary pressures,” he said in a statement. “Additionally, small business owners are eager to expand their operations.”
The net percentage 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 that 2025 will be a good time to grow. The percentage of small business owners who believe it is a good time to expand their business increased eight points to 14%. This is also the highest level since June 2021.