Synchrony (NYSE: SYF), a leading consumer financing company, and Mitsubishi Electric Trane HVAC US LLC (METUS), a leading provider of residential and commercial heating and cooling solutions in the United States, today announced the renewal of their strategic residential consumer financing business relationship. Effective October 1, 2025, this multi-year agreement builds upon a decade-long collaboration.

“As we mark a decade of successful collaboration with METUS, our renewed relationship underscores Synchrony’s dedication to driving growth, fostering innovation, and supporting our collaborators through the evolving landscape of customer needs,” said Curtis Howse, EVP and CEO of Synchrony’s Home & Auto platform. “Together, we continue to pave the way for transformative solutions that empower both businesses and consumers alike.”

This business collaboration exemplifies the mutual commitment of both companies to find opportunities to deliver innovative financing solutions that help enable customers to upgrade and maintain their HVAC systems with ease and flexibility. By leveraging Synchrony’s customizable financing options, METUS continues to enhance the customer purchasing experience and provide robust support to its network of contractors nationwide.

“Our long-standing collaboration with Synchrony has been a key factor in empowering contractors and our customers alike through flexible and secure financing solutions. These solutions not only support the purchasing process but also drive greater confidence and satisfaction across projects,” said Brinnon Williams, Vice President of Residential Business, Mitsubishi Electric Trane HVAC US LLC. “We’re excited to continue working alongside Synchrony to provide the financing options that help bring these innovations within reach for more homeowners.”

Since 2014, Synchrony has offered many customers of Mitsubishi Electric products various promotional financing options to cover heating and cooling systems and services. Customers can apply for credit on their own devices, with immediate access to credit upon approval. This streamlined process supports HVAC contractors by providing them with proven tools and new product capabilities to drive sales and customer satisfaction.

As the demand for smart, energy-efficient HVAC solutions continues to grow, Synchrony and METUS’ collaboration will play a crucial role in providing customers with both innovative products and convenient financing.

FAQ

What did Synchrony and METUS announce? 

Synchrony and Mitsubishi Electric Trane HVAC US LLC (METUS) renewed their strategic residential consumer financing business relationship, strengthening a decade-long collaboration to expand access to flexible HVAC financing and support contractor growth.

How does this compare to existing solutions and services? 

The renewed multi-year agreement continues offering customizable, promotional financing and streamlined digital applications, enhancing the purchasing experience.

How do these financing solutions benefit customers? 

By leveraging Synchrony’s customizable financing options, METUS continues to enhance the customer purchasing experience to meet the growing demand for smart, energy-efficient HVAC solutions.

How can customers apply?

Customers can apply for credit on their own devices, with immediate access to credit upon approval with various promotional financing options to cover heating and cooling systems and services.

How does the credit application process help contractors?

Contractors will benefit from a streamlined application process, proven tools and new capabilities that are designed to drive sales and improve customer experiences.