News Feed Item
Mosaic & Enphase Energy Enter Alliance to Offer First Residential Solar Loan with Operations & Maintenance Service
|By Business Wire
|July 8, 2014 09:10 AM EDT
the nation’s peer-to-peer platform for solar finance, and Enphase
Energy, Inc. (NASDAQ:ENPH), a global leader in solar energy systems,
join forces to launch the first home solar loan packaged with
residential operations and maintenance (O&M) services, offering
unprecedented simplicity and value for homeowners and installers.
Prior to today, many homeowners have preferred solar leases to loans
because of the worry-free maintenance and performance guarantees offered
with most leases. Today, this “service gap” closes as Mosaic and Enphase
work together to offer homeowners solar ownership for no down payment
and immediate savings on energy bills. Mosaic’s new loan product,
packaged with Enphase® O&M services, is expected to fulfill at least
$100 million in loan volume with this new market initiative over the
next 18 months. The companies announced this alliance together at
Intersolar North America, the most-attended solar exhibition in the
The Mosaic Home Solar Loan, leveraging Enphase’s unparalleled
technology, can provide homeowners hassle-free ownership of a solar PV
system. Mosaic offers a fully-automated online portal that allows
homeowners to process all paperwork instantaneously, to have a solar
energy system installed and to benefit from a prepaid service plan for
no money up-front, while lowering their monthly electric bill. Through
the Mosaic Home Solar Loan, homeowners maximize their return on
investment by keeping the investment tax credit and owning their solar
system. Additionally, the Mosaic Home Solar Loan mitigates any potential
issues for the homeowner when selling the house as the loan can be paid
off at any time with no penalty or transferred to the new homeowner.
The Enphase service offering provides the homeowner peace of mind
through Enphase managed monitoring, analytics and proactive maintenance
programs. Enphase will leverage its Enlighten
platform for the loan package, which allows the company to monitor
module-level performance through its microinverters. Currently, Enphase
monitors 160,000+ systems globally and collects over 500 GB of
performance data daily. In addition, Enphase
MyEnlighten brings homeowners an elegant interface to view and share
their solar energy production and performance online and with most
For installers, this joint offering unlocks solar for a new set of
customers seeking the benefits of ownership and the comfort of O&M
services. In conjunction with the installer, Mosaic and Enphase will
leverage their expansive marketing capabilities to reach the homeowners
who are seeking out the bundled offering. Additionally, the Mosaic and
Enphase software-based platforms bring speed and efficiency to the
installer’s sales process, allowing the installer to close more deals
and efficiently manage their working capital. Finally, the service
offering mitigates the installer’s time spent on services and O&M
allowing them to focus on selling and installing systems.
“We are very excited to partner with Mosaic and offer installers and
homeowners a new way to finance and manage residential PV systems,” says
Marty Rogers, vice president, global customer service and support at
Enphase. “Enphase offers a comprehensive solar energy system with
proactive O&M services that will transform the installer’s ability to
capitalize on the growing segment of solar loans by having more time and
resources to contribute to the sales process.”
“Mosaic homeowners can now have complete peace of mind when getting a
Mosaic Home Solar Loan,” says Billy Parish, Founder and Chairman of
Mosaic. “We are thrilled to launch this ground-breaking product with
Enphase as our qualified O&M service provider.”
This alliance is a significant step forward for the residential solar
loan asset class. Lenders and investors have historically viewed solar
loans as riskier than their lease counterparts because there is no
assurance that the system will continue to produce energy after
installation. With the proactive service offering from Enphase Energy,
loans now join leases in their appeal to more conservative investors and
move one step closer to securitization.
About Enphase Energy, Inc.
Enphase Energy delivers microinverter technology for the solar industry
that increases energy production, simplifies design and installation,
improves system uptime and reliability, reduces fire safety risk and
provides a platform for intelligent energy management. The company has
100+ patents for technology and 400+ employees worldwide. Its
semiconductor-based microinverter system converts energy at the
individual solar module level and brings a systems-based, high
technology approach to solar energy generation. Connect with Enphase on Facebook
and follow us on Twitter.
Mosaic was the first company in the nation to crowdsource financing for
solar projects offer solar project investments online and has allowed
thousands of investors to finance millions of dollars of solar projects.
To date, Mosaic has had zero defaults and made 100% on time payments to
investors at ~5-7%. Mosaic has been named a top ten most innovative
energy company by Fast Company in 2013 and 2014 and has received
Department of Energy SunShot grant, the Sierra Club’s Trailblazer Award
and Verizon Wireless’ Powerful Answers Award. For more information,
Solar Mosaic, Inc., CFL Lic. #6054631.
In his general session at 18th Cloud Expo, Lee Atchison, Principal Cloud Architect and Advocate at New Relic, discussed cloud as a ‘better data center’ and how it adds new capacity (faster) and improves application availability (redundancy). The cloud is a ‘Dynamic Tool for Dynamic Apps’ and resource allocation is an integral part of your application architecture, so use only the resources you need and allocate /de-allocate resources on the fly.
Sep. 27, 2016 11:45 AM EDT Reads: 2,689
Is your aging software platform suffering from technical debt while the market changes and demands new solutions at a faster clip?
It’s a bold move, but you might consider walking away from your core platform and starting fresh. ReadyTalk did exactly that.
In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, will discuss why and how ReadyTalk diverted from healthy revenue and over a decade of audio conferencing product development to start an innovati...
Sep. 27, 2016 11:45 AM EDT Reads: 1,880
Complete Internet of Things (IoT) embedded device security is not just about the device but involves the entire product’s identity, data and control integrity, and services traversing the cloud. A device can no longer be looked at as an island; it is a part of a system. In fact, given the cross-domain interactions enabled by IoT it could be a part of many systems. Also, depending on where the device is deployed, for example, in the office building versus a factory floor or oil field, security ha...
Sep. 27, 2016 11:34 AM EDT
“We're a global managed hosting provider. Our core customer set is a U.S.-based customer that is looking to go global,” explained Adam Rogers, Managing Director at ANEXIA, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Sep. 27, 2016 11:30 AM EDT Reads: 2,960
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.
Sep. 27, 2016 11:15 AM EDT Reads: 951
The vision of a connected smart home is becoming reality with the application of integrated wireless technologies in devices and appliances. The use of standardized and TCP/IP networked wireless technologies in line-powered and battery operated sensors and controls has led to the adoption of radios in the 2.4GHz band, including Wi-Fi, BT/BLE and 802.15.4 applied ZigBee and Thread. This is driving the need for robust wireless coexistence for multiple radios to ensure throughput performance and th...
Sep. 27, 2016 11:00 AM EDT Reads: 1,590
SYS-CON Events announced today that Secure Channels will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
The bedrock of Secure Channels Technology is a uniquely modified and enhanced process based on superencipherment. Superencipherment is the process of encrypting an already encrypted message one or more times, either using the same or a different algorithm.
Sep. 27, 2016 11:00 AM EDT Reads: 1,626
I’m going to cry tonight, long and hard. I’ll do so as I remember and mourn Jeremy Geelan.
I knew Jeremy for almost 20 years, from the time he showed up one day at Cloud Expo’s headquarters in Bergen County, New Jersey, and went to work. The show wasn’t called Cloud Expo then, of course – it was still known as Java Edge, a pioneering event that grabbed developers, architects, and enterprise IT users alike for twice-yearly confabs.
Jeremy didn’t have a job there, or even a job offer. He was s...
Sep. 27, 2016 11:00 AM EDT Reads: 3,748
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Commvault is a leading provider of data protection and information management solutions, helping companies worldwide activate their data to drive more value and business insight and to transform moder...
Sep. 27, 2016 11:00 AM EDT Reads: 2,688
Let’s face it, embracing new storage technologies, capabilities and upgrading to new hardware often adds complexity and increases costs. In his session at 18th Cloud Expo, Seth Oxenhorn, Vice President of Business Development & Alliances at FalconStor, discussed how a truly heterogeneous software-defined storage approach can add value to legacy platforms and heterogeneous environments. The result reduces complexity, significantly lowers cost, and provides IT organizations with improved efficienc...
Sep. 27, 2016 10:45 AM EDT Reads: 3,408
DevOps at Cloud Expo – being held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open.
Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real results. Am...
Sep. 27, 2016 10:30 AM EDT Reads: 4,521
Fifty billion connected devices and still no winning protocols standards. HTTP, WebSockets, MQTT, and CoAP seem to be leading in the IoT protocol race at the moment but many more protocols are getting introduced on a regular basis. Each protocol has its pros and cons depending on the nature of the communications. Does there really need to be only one protocol to rule them all? Of course not.
In his session at @ThingsExpo, Chris Matthieu, co-founder and CTO of Octoblu, walk you through how Oct...
Sep. 27, 2016 10:30 AM EDT Reads: 2,186
SYS-CON Events announced today that CDS Global Cloud, an Infrastructure as a Service provider, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
CDS Global Cloud is an IaaS (Infrastructure as a Service) provider specializing in solutions for e-commerce, internet gaming, online education and other internet applications. With a growing number of data centers and network points around the world, ...
Sep. 27, 2016 10:30 AM EDT Reads: 2,853
SYS-CON Events announced today that LeaseWeb USA, a cloud Infrastructure-as-a-Service (IaaS) provider, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. LeaseWeb is one of the world's largest hosting brands. The company helps customers define, develop and deploy IT infrastructure tailored to their exact business needs, by combining various kinds cloud solutions.
Sep. 27, 2016 10:15 AM EDT Reads: 3,154
"We have several customers now running private clouds. They're not as large as they should be but it's getting there. The adoption challenge has been pretty simple. Look at the world today of virtualization vs cloud," stated Nara Rajagopalan, CEO of Accelerite, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Sep. 27, 2016 10:00 AM EDT Reads: 2,302