Flexible Solar Financing Solutions
EnFin provides affordable residential solar project financing to homeowners.
SOLAR FINANCING MADE SIMPLE
A leading solar manufacturer backing your project
EnFin is backed by Qcells, a leading solar manufacturer in the United States, enabling us to offer competitive rates for your home solar installation.
Approval Rates
We look beyond credit scores when evaluating homeowners for approval, taking a more comprehensive view of each application.
Affordable Terms
Reduced fees and quick funding allow you and your installer to get to work quickly.
Simple Process
A straightforward, efficient process so you can get approved quickly.
Industry Experience
We partner with your installer so you get faster solar installs.
We’re Here for You
Our team reviews every application, going beyond the credit check to fund more qualified homeowners. We’re here to help you through the qualification, approval, and funding process and beyond.
SIMPLE STEPS
Financing your solar project is simple
In just a few simple steps using our online portal, you can have your solar installation funded
1
Prequalify
Use our simple intake application to see which loan packages you qualify for.
2
Apply
Your installer will send you a unique application with your project details filled out.
3
Credit Decision
Receive a decision instantly so you can move forward to funding your project.
4
Contract and Fund
Sign your contract online. We disburse funds directly to your installer.
5
ACH or Check
Easily connect your bank for ACH autopay and qualify for a discount.
Sit back and enjoy the benefits of going solar!
PPA PROGRAM
Your Questions, Answered – Levelized PPA
What is a Levelized PPA or Levelized Power Purchase Agreement?
EnFin offers a Levelized Power Purchase Agreement, or Levelized PPA. A Levelized PPA means that you will have a set monthly payment. This payment is based on the “levelized” production, which is calculated by modeling the estimated production of the system over 12 months and dividing it by 12 to find the average monthly production. Reminder: Although the agreement has a set monthly payment, it is not a Lease but a Power Purchase Agreement.
How long is my Levelized Power Purchase Agreement?
25 years.
Can I get a copy of my EnFin solar agreement?
Yes, of course! Once you complete the contract you should receive a copy of the agreement via e-mail. If you are unable to find that email, please contact EnFin and we can e-mail you a copy. Contact information for EnFin can be found on your monthly statement or your agreement.
Will I own the system?
With a Levelized PPA, EnFin is the owner of the system. Our customers pay for the power the system produces via monthly payments.
Will I receive any tax credits, incentives, or rebates for the system?
No, the Owner of the solar panels is eligible to receive tax credits, incentives, or rebates. EnFin is the Owner of the solar system and will receive the tax credits, incentives, or rebates.
Payments
Do I have to pay anything before the system is turned on?
No, with a Levelized PPA you will not have any upfront payments or deposits before the system is turned on.
When will my first payment be due?
Your first payment will be due 30 days after their system has been placed into service. Once the system has been placed into service you will receive a Welcome Email that will have your account number and instructions on how to make payments. We highly advise that you sign up for monthly autopay to avoid system deactivation.
Will my payments change each year?
Yes, they can. Your Solar Agreement may have an escalator. Our agreements have a 0%, 2.99% or a 3.5% yearly escalator. This means that each year your monthly payments will increase by the escalator amount.
How can I make a payment?
EnFin accepts debit card payments and ACH payments. Currently, we do not accept credit card payments. If you choose monthly autopay, there is a small discount to your monthly payment. All details regarding payments can be found in your monthly statement.
Solar Panels and Servicing
What is included in the servicing of my Solar Panels?
EnFin uses a third party vendor, Omnidian, to monitor your system to ensure it is working properly. If our third party sees any problem with the system’s performance or communication they will work with our customers via phone call, text, or email to resolve the issue. If the issue persists after these attempts, we will send out a technician. Repairs, whether warrantied or not, are covered at no additional cost to the customer.
What number do I call to get ahold of Omnidian?
If there is a system issue, Omnidian will reach out to you. However, if you need to call them back or get ahold of them please call us at (866) 970-1109.
Who services the panels if I buyout the system?
If you choose our Buyout option later in the agreement, you will be responsible for servicing the system.
Do I need to clean my panels?
If anything affects the production of the panels, Omnidian will be notified and will reach out for next steps.
Should I buy insurance for my system?
Yes, Section 5 of your Solar Agreement: Obligations “Carry insurance covering damage to the Home, including damage resulting from the Solar System and not due to the gross negligence of EnFin. It is your responsibility to determine whether the installation of the System will impact your existing coverage and whether additional insurance will be required.” Please discuss expanding your insurance coverage to ensure that it covers your system with your personal insurance professional.
Home Sale and Refinance
What happens if I move during the 25-year agreement?
You will have three options presented when you call EnFin:
1. Transfer the agreement to the new homeowner.
2. If it’s been five years since the system has been placed in service you can buyout the system.
3. Prepay the remaining monthly payments all at once. EnFin will still monitor and own the system, but there will no longer be any monthly payments. More details for each option can be found within your customer agreement.
1. Transfer the agreement to the new homeowner.
2. If it’s been five years since the system has been placed in service you can buyout the system.
3. Prepay the remaining monthly payments all at once. EnFin will still monitor and own the system, but there will no longer be any monthly payments. More details for each option can be found within your customer agreement.
When should I call EnFin if I’m going to move?
Please contact EnFin at least 30 days prior to the escrow date.
How much does it cost to Buyout or Prepay the System?
Each system is different, please call EnFin for a quote.
What if I need to refinance my home during the 25-year agreement?
Call EnFin, we can help you with the home refinance.
If I buyout or prepay the system, will I receive the tax benefits?
No, the tax benefits will remain EnFin’s.
End of Term Options
What happens once the agreement term is over?
EnFin offers three options:
1. Buyout the system.
2. Continue with a new agreement.
3. EnFin can remove the system at no cost to the customer.
1. Buyout the system.
2. Continue with a new agreement.
3. EnFin can remove the system at no cost to the customer.
Solar Panels and Utility Bills
Will I still have a Utility Bill?
Your solar bill does not take the place of your utility bill. Your utility company may have a small monthly connection fee. You are responsible to your utility company for any excess power you use that your solar system does not produce.
Partner Installers
Does EnFin install my panels?
EnFin works with a network of partner installers to ensure that your solar system is installed properly. This is why your installer might have a different name than EnFin. We hold our partner installers to a high standard to ensure our customers receive the best care during their installation process.
HELP CENTER
Your Questions, Answered – Loans
Is there an early payoff penalty?
There are no penalties or fees if you decide to pay off the loan early. To request a payoff quote, please log into your online account here or call (866) 970-1109 to speak with a specialist.
Will I still receive a utility bill after installing solar?
Going solar will reduce your home energy costs, but your solar loan payments will not replace your utility bills. For example, if you have a gas stove or gas heating, you may still receive a gas bill. Additionally, your solar system may not cover all of your electric costs.
What if I sell my home?
As a first option, EnFin recommends for the loan to be paid off. However, at times, the new homebuyer may decide to assume the solar loan. The new homebuyer will be required to go through an application process. To inquire about the transfer process, please call (866) 970-1109 to speak with a specialist. Please reach out at least 30 days in advance of closing on your home sale to begin this process.
Are there loan prepayment penalties?
No. Borrowers only pay for interest that has already accrued. Prepayments get applied to accrued interest first, and then applied to the principal balance.
Refinancing your home mortgage?
If you decide to refinance your home mortgage, please contact us regarding a subordination process. The subordination process allows for EnFin’s security interest on the solar system to be subordinate to the lien on the title of the property upon refinancing. To inquire about the subordination process, please call (866) 970-1109 to speak with a specialist. Please reach out at least 30 days in advance to begin the process.
Am I eligible for the Solar ITC (Investment Tax Credit)?
EnFin does not make any guarantee that you will receive an investment tax credit (“ITC”). You should consult your tax advisor about the ITC and whether you will qualify. Any ITC will be in the form of a reduction in your federal taxes and not a payment to you. The ITC is limited to your federal tax liability.
Does EnFin place a lien on my home?
EnFin does not place a lien on the home. However, EnFin proceeds with a UCC-1 Filing and a County Fixture Filing, which will reflect on the property’s title. By doing so, this places a security interest on the solar system property in which EnFin has financed.
Who is Hatch Bank?
Hatch Bank is EnFin’s chartered financial institution.
How can I request account related correspondence?
View and download your billing statement, payment history, a payoff quote letter, and other correspondence pertaining to your account here.
Can I apply with a co-applicant?
Yes. We accept up to two applicants per loan, provided that one or both applicants are listed on title to the property where the solar project is being installed.
Does EnFin have a lease program?
EnFin offers loans, leases and power purchase agreements in specific geographies.
For information regarding cancellation of your recently signed Loan Agreement:
Please refer to your signed Loan Agreement (Notification of Cancellation section). If you’d like to inquire further, please contact contractcancel@enfin.com
How do I register and sign up for account access?
Signing up for access is quick and the most convenient way to keep track of your account. To create your online access, visit our registration page, fill out the form and submit. Enter your information exactly as it appears on your EnFin welcome letter or any other EnFin correspondence. Account access is available to anyone with a loan serviced by EnFin.
How do I view my billing statement?
You can view your billing statement by logging into your account and clicking Manage Account and then Account Documents. This will give you access to view all billing statements while the loan is serviced by EnFin.
How do I change my password if I forgot it?
Click here if you have forgotten your password. Just enter your username associated with your EnFin account, and we’ll reset your password.
How do I change my username if I forgot it?
Click here if you have forgotten your username. We can help you figure it out. You will need to provide us with some information so we can verify your account. An email will be sent to the email address on file and provide further instruction.
What are the available Payment Methods?
ACH Autopay: How do I set up a recurring payment schedule for my account? An ACH Autopay schedule can be set up using your checking account information by logging into your EnFin account here. EnFin accounts enrolled in an active ACH Autopay will receive a 0.25% APR reduction.
Online Payment: Pay using your checking account, savings account, or debit card by logging into your EnFin account here.
Over the Phone: Please call (866) 970-1109 to speak with a specialist, Monday through Friday (7:00 AM – 7:00 PM CT). Pay using your checking account, savings account, or debit card with a specialist. Please have your account number available.
Mail a Check: Make checks payable to EnFin Corp. Detach and include the bottom of your billing statement, or provide your name and account number on the memo line of your check. Regular payment address: EnFin Corp. P.O. Box 674863 Dallas, TX 75267-4863. Overnight payment address: EnFin Corp. Attn: Payment Processing 5109 S Broadband Lane, Suite 400 Sioux Falls, SD 57108.