Enphase Energy, Inc. has successfully partnered with HERO (Home Energy Renovation Opportunity), a residential energy efficiency-financing program in the United States. HERO enables homeowners who receive financing for Property Assessed Clean Energy (PACE) in their county to repay the debt through property taxes, with tax-deductible interest.
More than 1,200 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,” said Paul Nahi, CEO of Enphase Energy.
The Enphase® System includes the Enlighten software platform, which provides users with an engaging interface to view and share their solar energy production. Importantly, Enlighten provides critical insights on 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.