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Residential PACE: Enphase Energy and HERO Partner on Over 1,200 Financed Systems

PETALUMA, Calif., Apr 29, 2014 (BUSINESS WIRE) —Enphase Energy, Inc. ENPH -1.88% announced today its successful partnership with HERO (Home Energy Renovation Opportunity), a leading 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. 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 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. Read more.


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