DIRECT PAY DISTRIBUTOR PROGRAM
Goodleap and Sunrgy have partnered to offer you a direct payment program that grants you access to Goodleap ’s financing platform and helps open your credit lines. Through the Distributor Direct Pay program, Goodleap will pay your purchase order/ invoice directly to Sunrgy once the
loan is funded.
Why Goodleap Financing?
Goodleap and Sunrgy have partnered to offer you a direct payment program that grants you access to Goodleap’s financing platform and helps open your credit lines. Through the Distributor Direct Pay program, Goodleap will pay your purchase order/ invoice directly to Sunrgy once the
loan is funded.
Enrollment & Program Requirements
● 100 installations over company lifetime
● Satisfactory business credit, online reputation, business financials, and Better Business Bureau Rating
● Personal credit on ownership under 500 installs during company lifetime
● Cash Contract must include 2 copies of the Notice of Right to Cancel with a date of deadline filled in and Business License
Number
● Borrower Proposal must have compliant tax credit language, lower than a 4% utility inflation rate escalator, the month 18
re-amortization spelled out and accurate production estimates
Financeable Solar Ready Add-Ons
● Re-roofing necessary for solar system install
● Necessary landscaping (ex. tree trimming)
● Main Panel Upgrades
● Trenching
● Rafter upgrades
● Generators
● Other additional scope items needed for install and function of the solar system
● Other Energy Efficient items up to 10% of the total loan amount
Additional Items That Can Be Financed When Installed With Solar
● Smart Home Performance
● HVAC
● LED Lighting
● Windows + Doors
● Water Efficiency Products
● Landscaping + Turf
Loan Rates, Terms & Underwriting
● Dealer fees vary by installer loan volume
● All loans have UCC 1 filed on the Solar System when loan funds which can be lifted
if the client needs to refinance their home
● Will finance two separate solar systems on two separate residences per customer
● Goodleap uses the highest score of all three credit bureaus
● Co-borrowers allowed (do not need to be a resident of home, on title, or related)
Borrower Experience & Loan Structure
● Simple loan application with fast approvals
● Borrower doesn’t pay for the first ~60 days from loan funding (which typically occurs once install is complete)
● Borrower pays a simple monthly payment for the first 18 months that assumes a 26% pay down by month 18
● Loan reamortizes at month 18 and the subsequent monthly payment reflects how much the borrower paid down before that date
