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.
- Best in industry underwriting with 15-30% higher approvals
- Tech integrated, instant approvals
- Hyper responsive partner management team helps you grow
- Minimal Documentation
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
- Borrower enters information into Loan Application 1
- Receive an instant, on-screen underwriting decision 2
- Request and E-sign Loan Documents 3
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