May 27, 2014: Enphase Energy, HERO Program Partner to Finance Solar Systems
Finance Program Measures Community Solar Impact Using Enphase’s Enlighten Software
PETALUMA, Calif. — Enphase Energy Inc. announced that its partnership with Home Energy Renovation Opportunity (HERO), a leading residential energy efficiency financing program, has resulted in more than 1,200 financed solar systems. HERO enables homeowners who receive Property Assessed Clean Energy (PACE) financing in their county to repay the debt through property taxes, with tax-deductible interest.
The Enphase solar systems have been financed with the HERO program over the course of two years in Southern California by 131 different solar installers, including large national installers, regional installers, HVAC contractors, and electrical contractors.
“This partnership is accelerating solar growth. Enphase technology makes a solar installation more productive and easier to manage. HERO makes the financing simple and affordable. A milestone like this and a partnership with HERO is a great validation of the growing value of solar for homeowners,” said Paul Nahi, CEO of Enphase Energy.
The Enphase® system includes the Enlighten software platform, which provides users with an interface to view and share their solar energy production. Enlighten also provides insight into program performance for communities offering the HERO financing program.
“HERO monitors production of the distributed fleet of financed systems using Enphase’s Enlighten platform, which enables us to easily demonstrate to cities and counties the benefit of solar in their communities,” said Nick Fergis, COO of Renovate America, the administrator of the HERO program.
Due to the success of the program, it is expanding beyond Riverside and San Bernadino into other California counties in 2014. This expansion will add to the more than $180 million of solar and energy efficiency loans to date for the program and is expected to create nearly 2,000 jobs annually.
Contractors can register for the program for free and receive training and marketing materials by visiting www.heroprogram.com/Contractors.
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For more information about Enphase Energy, visit www.enphase.com.
For more information about the HERO financing program, visit www.heroprogram.com.
Publication date: 5/26/2014
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