EnFin

Name

EnFin

Legal name

EnFin Corp.

Website

https://enfin.com

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

101–250 employees

Ownership category

akta.pro rank

Product category

Solar Financing

SIC

Finance Lessors (6172), Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

Asset-Backed Securities (ABS) (FSACACAA)

Keywords

• Solar loan financing
• Residential solar lending
• Power purchase agreements
• Solar lease financing
• Installer network partnerships

Headquarters

HQ city

Irvine

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Solar Loan Interest: EnFin originates residential solar loans, earning interest income on the financed systems. Loans are made by either Hatch Bank or EnFin Corp. (NMLS ID 2293461). Borrowers can pay via ACH (with 0.25% APR autopay discount), debit card, or check.
2. Levelized PPA / Solar Lease Payments: EnFin owns the solar system under a PPA or lease structure; homeowners pay a monthly amount for power produced (PPA) or a fixed lease fee. EnFin retains tax credits and incentives as the system owner. 25-year agreement term with 0%, 2.99%, or 3.5% annual escalators.
3. Asset-Backed Securities Issuance: EnFin packages residential solar loans into ABS transactions to raise capital from capital markets investors, diversifying its funding sources beyond warehouse facilities.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

EnFin is a residential solar financing platform that originates loans, leases, and Power Purchase Agreements (PPAs) to homeowners installing residential solar energy systems. Operating through a B2B2C model, EnFin works with a network of certified solar installer partners who submit homeowner applications through the Partner Portal. Loans are made by either Hatch Bank or EnFin Corp. (NMLS ID 2293461). EnFin also offers TPO (third-party ownership) solutions including leases and 25-year PPAs with levelized monthly payments.

Product overview

EnFin is a residential solar financing platform that offers a portfolio of products including solar loans, leases, and Power Purchase Agreements (PPAs). The platform serves two primary customer segments: homeowners seeking affordable solar financing and installer partners who need seamless financing solutions for their customers. EnFin operates through web-based portals for both partners (Partner Portal) and homeowners (Homeowner Portal), and maintains a financing mechanism through asset-backed securities to fund its lending activities. The company is backed by Qcells, America's leading solar panel manufacturer, and works with Hatch Bank as its chartered financial institution partner.

Differentiator

Problem solved

Functional benefit

Products and services

• Residential Solar Loans Loan product allowing homeowners to borrow funds to purchase and install residential solar energy systems. Loans are originated through Hatch Bank or EnFin Corp., with no prepayment penalties, no lien placed on the home (uses UCC-1 and County Fixture Filing instead), 0.25% APR discount for ACH autopay, and first payment due 30 days post Permission to Operate (PTO). Co-borrowers allowed (up to two applicants, with at least one on title). Loans are fully transferable to new homeowners upon credit approval.
• Levelized Power Purchase Agreement (PPA) A 25-year Power Purchase Agreement where customers pay a fixed monthly amount for the power their solar system produces. The monthly payment is calculated based on the modeled average monthly production over 12 months (levelized), with annual escalator options of 0%, 2.99%, or 3.5%. EnFin retains ownership of the system and receives the associated tax credits and incentives. No upfront payments are required before the system is turned on.
• Solar Leases Solar lease product offered by EnFin in specific geographies where customers pay a fixed monthly fee to use the solar energy system while EnFin retains ownership and handles ongoing servicing. Leases provide an alternative to ownership for homeowners seeking predictable monthly energy costs.

Quantifiable outcome

• First ABS transaction totaling ~$253 million backed by residential solar loans, signaling strong market confidence
• +3 more outcomes

Named customers3 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature5 records

Partnerships

One partnership is on record.

• QcellscoreStrategic or Co-development PartnerEnFin is a subsidiary of Qcells and serves as Qcells' preferred financing partner. Qcells panels are the preferred equipment for EnFin-financed projects, with better rates/fees offered for Qcells equipment. EnFin is positioned as the first solar manufacturer-backed financing institution in the United States, combining Qcells' manufacturing strength with financing expertise.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• GoodLeap: GoodLeap (formerly Loanpal) is the largest U.S. residential solar and home-improvement financing platform, originating loans and PPAs distributed through a national installer network. It is a direct competitor to EnFin in solar loan/PPA origination, ABS issuance, and installer partner relationships.
• Mosaic: Mosaic is a residential solar financing platform offering loans through installer partners with a national footprint. It competes directly with EnFin on solar loan products, installer channel relationships, and structured finance-backed capital sourcing.
• Dividend Finance: Dividend Finance provides residential solar and energy efficiency financing through installer and contractor partners. It is a direct peer to EnFin in offering loan and PPA structures funded via warehouse and securitization programs.
• Sungage Financial: Sungage Financial is a residential solar financing platform serving U.S. installers with solar loan products. It directly competes with EnFin for installer partnerships and homeowner loan origination share.
• LightReach (Solar Mosaic): LightReach provides residential and commercial solar financing through installer partners. It is a direct competitor in the solar loan/lease space, with overlapping target customers and installer-driven distribution.
• Sunlight Financial: Sunlight Financial was a leading U.S. residential solar loan originator and ABS issuer before its 2023 bankruptcy. It is a historical direct peer whose collapse reshaped the competitive landscape in which EnFin now operates.

Broad incumbents

• Hannon Armstrong Sustainable Infrastructure Capital: Hannon Armstrong is a large publicly-traded investor in and financier of sustainable infrastructure, including residential and commercial solar. It is comparable to EnFin as a capital provider for distributed solar assets, although it operates at much broader scale and via structured debt and equity investments.
• Generate Capital: Generate Capital is a specialty finance and operating company that invests in distributed renewable energy and resilience projects. It is comparable to EnFin as a financier of customer-sited solar assets, though it operates across a much broader infrastructure mandate.
• SoFi Technologies: SoFi is a large online consumer and home-loan lender with adjacent solar financing offerings through partners. It is comparable to EnFin only at the margin as a broad digital consumer lending platform, not a direct solar financing competitor.

Emerging players

• Upgrade, Inc. Upgrade is a digital consumer lender offering home improvement and point-of-sale financing that increasingly includes solar. It overlaps with EnFin in online consumer credit decisioning and installer/home-improvement channels, though it is not solar-specialized.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/enfincorp

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about EnFin