Offer your customers EV chargers, solar, batteries, and complete home electrification through equity-based financing. No monthly payments during the term, with repayment due upon sale, refinance, or at term end.
Traditional financing creates barriers that stop deals. Your customers want clean energy and EV charging, but current options fall short.
EV charger and solar loans add $150-$300+ monthly, making customers hesitant even with long-term savings.
Conventional loans have credit and income requirements that may not fit every homeowner's situation.
Homeowners with strong equity may prefer not to add monthly obligations, even when clean energy makes sense.
Solar + battery + EV charger together represents a significant investment that monthly payments make harder to justify.
Equity-based financing that defers repayment until sale, refinance, or term end. No monthly payments during the agreement period.
Without monthly loan payments, customers can redirect funds toward other priorities during the agreement term.
Homeowners own their system outright and benefit from lower utility bills during the agreement term.
Finance EV chargers, solar panels, batteries, and heat pumps in one agreement.
A transparent process that helps your customers access home electrification.
Introduce deferred-payment financing to homeowners looking for alternatives to monthly loan payments.
Homeowner submits an application. Approval is based primarily on home equity, not traditional credit metrics alone.
Upon approval, funds cover the project. A lien is recorded on the property securing the agreement.
Complete the installation. Customer enjoys their system with no monthly payments until sale, refinance, or term end.
Remove the monthly payment objection. Convert more EV charger and solar quotes into closed deals.
When monthly payments aren't the focus, customers are more open to complete electrification packages.
Reach homeowners who have strong equity but may not qualify for traditional financing options.
Join evNation's trusted contractor network with an additional financing option to offer customers.
No monthly loan payments during the agreement term means more flexibility in your budget.
Full ownership from day one. Benefit from lower utility bills during the agreement period.
Finance EV chargers, solar, batteries, and heat pumps in one agreement.
Qualification focuses on home equity rather than traditional credit metrics alone.
Under NEM 3.0, battery storage is essential, but adds significant cost. Deferred-payment financing can help address the battery cost challenge through evNation's network.
Learn MoreA Home Equity Investment provides upfront capital in exchange for a share of your home's future value. While there are no monthly payments during the agreement term, a lump sum repayment is due when you sell your home, refinance your mortgage, or at the end of the agreement term (typically 10 years). If you are unable to refinance or pay the settlement amount at term end, you may be required to sell your home.
A lien is recorded against your property to secure the Home Equity Investment agreement. This lien remains in place until the agreement is settled. The lien may affect your ability to obtain additional financing or refinance your first mortgage, as lenders will consider this obligation.
The total amount you repay depends on how much your home appreciates. If your home increases significantly in value, the repayment amount will be higher than the original funding amount.
Home Value at Funding: $500,000
Funding Amount: $50,000 (for solar, battery, EV charger)
If home appreciates 30% over 10 years (to $650,000):
Settlement amount could range from $75,000 to $90,000+ depending on agreement terms, representing an effective cost significantly higher than the original funding.
This is an illustrative example only. Actual terms, appreciation share percentages, and settlement amounts vary based on individual agreements. Request a personalized estimate.
A Home Equity Investment is a financial product where you receive capital in exchange for a portion of your home's future appreciation. Unlike traditional loans, there are no monthly interest payments. However, you are entering into a binding financial agreement secured by your home. This product may or may not be suitable for your financial situation. Consider consulting with a financial advisor or attorney before proceeding.
A Home Equity Investment provides funding based on your home equity with no monthly payments during the term. Instead of paying interest monthly, you share a portion of your home's appreciation at settlement. Repayment is due when you sell, refinance, or at term end. A HELOC or home equity loan typically requires monthly payments and charges interest on the balance. Each option has different cost structures and implications for your finances.
Deferred-payment financing through evNation covers complete home electrification: Level 2 EV chargers, rooftop solar panels, home battery storage, heat pump water heaters, and associated installation costs, all in one agreement.
Homeowners need sufficient home equity and must meet property and ownership requirements. Qualification focuses primarily on equity in the home rather than relying solely on traditional credit metrics. Each application is evaluated individually.
evNation helps contractors offer complete home electrification solutions. When a customer buys an EV, they often want home charging, solar to power it, and battery backup. Deferred-payment financing can make the full package more accessible by eliminating monthly payments during the agreement term.
A Home Equity Investment provides upfront capital in exchange for a share of your home's future value. Unlike traditional financing with monthly payments, repayment occurs when you sell, refinance, or at the end of the agreement term. A lien is placed on your property, and the total repayment amount depends on how much your home appreciates. Review the Important Disclosures section for more details.
At the end of the agreement term (typically 10 years), the settlement amount becomes due. You'll need to pay this amount through savings, a refinance, or sale of the home. If you're unable to make the payment or refinance, you may need to sell the home to settle the agreement. It's important to plan for this obligation when considering a Home Equity Investment.
Join the evNation contractor network and offer your customers deferred-payment home electrification financing. Contact us to learn how to add this option to your sales process.
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