Enerflo Partners with PayKeeper™ to Offer the Only Automated Escrow Solution for Solar Cash Deals through Its Solar Platform
By Rebecca Taylor | October 18, 2023
Huntington Beach, CA | October 18, 2023
Enerflo, the only lead-to-PTO, open API platform for residential solar sale dealers, installers and hybrid orgs, is excited to announce a new partnership and integration with PayKeeper™, Automated Escrow Software for solar cash deals. The PayKeeper integration is the first of its kind to provide a solution for the often messy business of cash payments for new solar systems, roof, batteries, smart home solutions and more.
As interest rates have risen over the past year, with current rates the highest the country has seen in over 20 years, the industry has and continues to see a shift from loans to an increase in cash deals for residential solar systems. The PayKeeper integration comes at the perfect time for installers (EPCs) to keep all those new cash deals as pain-free as possible and keep their cash flowing.
Born out of the frustration of managing construction payments for over 20 years, PayKeeper is designed to eliminate hassle, payment risk, and SlowPay™ related to cash customers with automated, milestone based payments that reduce the time to collect from 2-8 weeks to 1-2 days after install. Installers can reduce customer holdback from 70% down to just 5%. Homeowners can avoid backwards projects, which is essentially paying contractors before they work. PayKeeper keeps both the installer (EPC) and homeowner protected, and makes payments easy and automated.
The PayKeeper integration is available to all Enerflo partners at no additional charge. Adding PayKeeper to solar deals through Enerflo is as easy as adding financing and TPO (Third Party Owned) options through Lendflo, Enerflo’s secure payments platform. Enerflo centralizes and standardizes the data, creating time-saving efficiencies that enable sales reps to close deals faster. It benefits homeowners as well.
“I am so pumped for this new partnership with PayKeeper. Cash deals are notoriously risky in solar and this gives our partners an easy way to protect themselves and their customers, while also saving time and resources in accounts receivable. Everything’s automated.” said Enerflo Co-Founder, Spencer Oberan.
“We are thrilled to be partnered with Enerflo,” said Kelly Curtis, CEO of PayKeeper. He continued, “As the only automated escrow software for solar cash deals, it was a no-brainer for us to partner with Enerflo and offer our services as a secure option for cash deals through their solar platform.”
You can learn more about the Enerflo + PayKeeper integration at enerflo.com/paykeeper.
PayKeeper's Automated Escrow platform revolutionizes the homeowner-contractor-supplier relationship by ensuring accountability and trust. With over two decades of experience in construction payments management, PayKeeper offers a better way to protect all project stakeholders. Using insured escrow accounts, PayKeeper eliminates non-payment, minimizes delayed payments, and prevents disputes that lead to costly litigation. PayKeeper’s automated system simplifies the creation of project escrow accounts, facilitates digital payments, and provides transparent progress tracking. Homeowners have peace of mind in funding their accounts, while contractors can confidently engage in projects with secure finances. PayKeeper streamlines the construction process, fostering collaboration and efficiency while safeguarding everyone involved. Learn More at paykeeper.com
Enerflo is the only Lead to PTO, open API Solar Platform: Cutting soft costs and project duration through tech consolidation, data centralization and process efficiencies. Purpose-built for Residential Solar Installers, EPCs, Hybrid Organizations and Sales Dealers, Enerflo helps these organizations deploy more solar and related services through sales and business process automation. Installers rely on multiple tools from lead to install; Enerflo connects them with native platform features into one, cohesive sales and install platform. Enerflo is the backbone of some of the top solar providers, powering billions of dollars in revenue, and can be relied on to deliver one connected flow from lead to PTO. Learn more at enerflo.com.
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