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OPEN MARKETS
We’re transforming how solar and energy efficiency financing works. With over 35-years of lending experience, Energy Loan Network knows that the financing process can be challenging to navigate. Our team guides contractors and homeowners through each step of the process with fast and friendly service. Contractors are given daily status updates and have direct access to our friendly and professional team.
OVERVIEW
✓ Competitive financing options
ELN connects contractors and homeowners with participating lenders offering competitive rates and terms. ELN is described as a financing network connecting lenders with contractors selling and installing residential solar and energy-efficiency improvements.
✓ Low contractor fees
OpenSolar describes ELN as offering competitive financing with low contractor fees.
✓ Flexible loan terms
Current OpenSolar/ELN materials advertise loan terms ranging from 8–20 years, subject to the applicable lender and customer approval.
✓ Financing up to $150,000
Current ELN information through OpenSolar shows loan amounts from $5,000 up to $150,000, with a UCC fixture filing.
✓ Multiple eligible improvements
ELN financing can support more than solar, including battery storage, EV charging, HVAC, roofing, windows/doors and other energy-efficiency improvements, depending on the applicable program.
PROCESS
1. BUILD THE PROPOSAL
1. BUILD THE PROPOSAL
Build the customer's solar/energy project and establish the total contract price.
Build the customer's solar/energy project and establish the total contract price.
Make sure the project price and scope are accurate before submitting financing.
Make sure the project price and scope are accurate before submitting financing.
2. PRESENT ELN FINANCING
2. PRESENT ELN FINANCING
Present the available ELN financing options to the homeowner.
Present the available ELN financing options to the homeowner.
3. CUSTOMER APPLIES
3. CUSTOMER APPLIES
The homeowner completes the financing application and provides the information required by the participating lender. Important: Approval, rates, terms and loan amount are determined by the applicable lender and the customer's credit profile.
The homeowner completes the financing application and provides the information required by the participating lender. Important: Approval, rates, terms and loan amount are determined by the applicable lender and the customer's credit profile.
4. CREDIT DECISION
4. CREDIT DECISION
The lender reviews the application and issues a credit decision.
The lender reviews the application and issues a credit decision.
5. VERIFY PROJECT & DOCUMENTS
5. VERIFY PROJECT & DOCUMENTS
Before moving forward, confirm:
Before moving forward, confirm:
Customer information | Project address | Contract amount |System/project scope | Financing amount
Do not begin work based solely on a customer saying they were approved.
📋 CONTRACTOR CHECKLIST
Customer completes application
Credit decision received
Verify approved loan amount
Confirm financing matches contract amount
Complete required lender documentation
Confirm funding requirements
Receive authorization to proceed
Schedule installation
Complete project milestones
Submit required completion/funding documentation
Confirm final contractor payment
RESOURCES
RATES.pdfRATES | FEES
RATES | FEES
PLANS.pdfPROGRAM GUIDELINES
PROGRAM GUIDELINES
CONTACT
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