enACT Systems and Sungage Financial have entered in to a partnership to enable installers to access Sungage financing products through enACT’s platform. The benefits of this partnership to the homeowner include a streamlined on-line application process and quick credit decisions.
The time is right for a collaboration like this, according to enACT Co-founder and CEO Deep Chakraborty. Consumers are beginning to demand financial options that allow for ownership rather than leasing as the cost of solar continues to decrease. Chakraborty says, “PPAs (power purchase agreements) and leases are declining in popularity, and loans are rapidly gaining ground among savvy consumers. Credit-union backed loan products with contractor-friendly processes and best-in-class servicing teams, like Sungage’s, are in high demand and we are excited about this partnership.”
The collaboration not only benefits homeowners but also installers. Using the enACT web-based platform, installers can reduce operating costs while accelerating revenue growth, allowing them to scale faster. The platform also enables the ability to reduce soft costs associated with customer acquisition, operations and financing, track and report sales and finance pipelines, as well as improve internal team collaboration.
Sara Ross, Co-Founder and CEO of Sungage said “By using the enACT platform, installers can reduce their costs as well as increase their productivity and sales efficiency. Making installers more profitable and effective in the marketplace is core to Sungage’s mission. We are thrilled to offer our financial products to homeowners through ENACT’s installer user base and software as a service platform.”
Sungage’s residential solar loan products are available to ENACT users in 10 states – California, Colorado, Connecticut, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Texas, and Vermont.
Sungage joins 60 other organizations offering products and services on enACT’s web-based workflow automation platform.