Published On: 03/22/2018

RESIDENTIAL SOLAR AND ENERGY EFFICIENCY FINANCING : LOOK-AHEAD INTO 2014

As the US residential solar and home energy efficiency market takes rapid strides forward, the combined segment is expected to cross $10 billion of revenue in 2014. In the last couple of years, sales growth was driven by the popularity of third-party based financing schemes: solar leases and PPAs, which were expensive means to achieve energy-bill savings with ‘zero-out-of-pocket’ projects.

Home-equity borrowing came to nearly a standstill in late 2008 and by late 2011, nearly a third of U.S. homes with mortgages owed more on their loan than their house was worth. That picture has now changed significantly. Home prices rebounded in 2013, helping more than 3 million home owners regain long-lost equity, according to CoreLogic, the mortgage-data leader. More than two-thirds of all homes with a mortgage now have at least 20 percent equity, giving home owners more financing options to upgrade their homes. And most lenders are beginning to offer home-equity lines again.

This trend is coupled with another: solar system prices continue to decline, making such upgrades well under $20,000 for the average home in California, less than half the price they were in 2008 and expected to reduce further, as soft costs decline. So such a purchase is now well-within the reach of most home-improvement loans and mortgage-backed lines and can be packaged with a home-kitchen upgrade!

This presents a new opportunity for the traditional home lenders – local and community banks, credit unions and mortgage firms to step into the residential energy-upgrade financing sector in a broader way.

Published on : 12/03/2021

ENACT ENVISION Platform Expands Cost Modeling Capabilities

The ENACT ENVISION module for Design, Proposals and Project management of Solar and Energy storage projects has unique end-to-end capabilities, one of which is detailed cost analysisat a line-item based bill-of-materials (‘BOM’) level, that can…
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What is a good Solar Software: From Beginners to Professionals?
Published on : 01/02/2021

What is a good Solar Software: From Beginners to Professionals?

The answer is as simple (or as complicated) as answering “What is a good car?” Every car has 4 wheels, and steering wheel and yet every car model is different and speaks to a different…
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Published on : 24/03/2018

ENACT launches partnership with AMBUJA NEOTIA, expands India operations

 March 28, 2018, Kolkata, India. ENACT SYSTEMS, the leading enterprise software platform for solar projects has expanded its India operation in strategic partnership with Neotec Hub, an incubator started by Ambuja Neotia, one of…
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Published on : 24/03/2018

ENACT SIGNS MOU WITH DUBAI ELECTRICITY & WATER AUTHORITY

Nov 26, 2017. ENACT SYSTEMS, the leading solar project management software platform has been selected by the Dubai Electricity and Water Authority for a Pilot implementation, with a memorandum of understanding signed at Dubai. Dubai…
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