Enphase Energy and Technology Credit Corporation (TCC), a privately held financial products and services firm, are working together to offer financing packages for installer-integrators and customers in the small to medium commercial solar PV market.
TCC has more than 300 commercial PV systems under finance, making it one of the largest providers of small commercial financing in the United States. The firm’s innovative financing approach, which incorporates leases and power purchase agreements that work to fast-track customer ownership of the system, has been especially successful among nonprofit customers.
One of the growing number of new solar customers benefiting from the Enphase-TCC partnership is Mental Health Kokua, a nonprofit health organization with facilities throughout Hawaii. Local contractor Dugied Construction reviewed proposals from several finance companies before agreeing to work with TCC because of the firm’s customer-centered business policies.
“By combining TCC’s specially tailored financing with the Enphase microinverter-based system, we were able to install 270 KW of PV arrays on 28 of Mental Health Kokua’s properties on four islands,” said Chantal Lonergan, president of Dugied Construction. “Many of the buildings had unique rooflines and challenging neighboring site shading issues, so by using Enphase and the different azimuth and roof pitches, we maximized the highest output for the systems throughout the year. Ultimately, the flexibility of the program with Enphase and TCC allowed us to bring a cash-positive solution to an important nonprofit organization in our community.”