Enphase Energy partners with Credit Fair to help Indian customers go solar
BENGALURU: Enphase Energy, a supplier of microinverter-based solar and battery systems, has announced a collaboration with Indian fintech start-up Credit Fair. This collaboration aims to provide attractive loan and financing options to Indian homeowners, making Enphase microinverter-based rooftop solar systems more affordable through Easy Monthly Instalment (EMI) payments.
Enphase’s advanced research and development center in Bengaluru, Karnataka, powers the company’s operations in the country. The company manufactures IQTM Microinverters and distributes them to installers across the country through a network of partners. These installers, in turn, provide end customers with solar system installations, installation services, and after-sales support provided by trusted partners.
The partnership aims to accelerate solar penetration in India while fostering a sustainable and eco-friendly future by addressing the financing challenge.
Sunil Thamaran, VP and MD of Enphase Energy’s India operations expressed enthusiasm for the collaboration, calling it a significant step towards increasing customer solar adoption.
“We are excited to work with Enphase to provide green financing to solar rooftop users and make access to Enphase’s high-quality rooftop solar solutions easier,” said Vikas Agarwal, co-founder and CBO at Credit Fair.
“We are proud to partner with Enphase to extend green financing to solar rooftop users and simplify access to Enphase’s high-quality rooftop solar solutions”, said Vikas Agarwal, co-founder, and CBO at Credit Fair.
The credit line available only to Enphase customers can be used for a variety of solar installations, including residential units, housing complexes, hospitals, schools, and commercial facilities.
About Enphase Energy
Enphase Energy is a global energy management technology company that provides residential and commercial solar and storage solutions. They manufacture solutions spanning solar generation, energy storage, and web-based monitoring and control.
They are the first company to successfully commercialize the solar micro-inverter, which converts the direct current (DC) power generated by a solar panel into grid-compatible alternating current (AC) for use or export. They also offer battery home energy storage and EV charging stations