Renew Financial
🖥 Your quick reference guide to all Renew Financial financing options. Perfect for fast and accurate proposals.
💻 Log in Link: Login | Renew
Application Platform: Financing platform (non integrated)
Design Platform: Enerflo - Aerialytic
Property Types 🏘️🌞
Duplexes | ✔️ |
Triplexes | ✔️ |
1-4 Unit Multifamily Homes | ✔️ |
Condos | ✔️ |
Townhomes | ✔️ |
Vacation Homes | ✔️ |
Secondary Homes | ✔️ |
Farms/Agricultural Land | ❌ |
Investment Properties | ✔️ |
5+ Unit Multifamily Homes | ❌ |
Roof must be owned, not shared | ❌ |
Mulitiple System Financing | ✔️ |
Add-On* (see notes) | ✔️ |
Ground Mount | ❌ |
Pricing Details 💰
Minimum amount | $ 2.500 |
Maximum amount (total) | $ 250.000 |
Price Per Watt (PPW) Cap | ✅ Solar Only + Ground Mount, MPU: $7.25/W
✅ Price Cap (with Batteries): $5,000 per kWh |
Customer Requirements 👤
Borrower must be a resident | ✔️ |
Minimum FICO requirement | NO CREDIT SCORE REQUIRED |
Reporting bureau | TransUnion |
Initial credit verification | Soft |
Income Verification | Stated income in most of florida, but verification may be required in palm beach. |
Co-signer allowed? | No |
Credit Freeze | Unfreeze one of them |
Reverse Mortgage | ❌ |
DTI | NOT REQUIRED |
ITIN (Individual Taxpayer Identification Number) | ✔️ |
Roofing Information 🏠
They only accept shingle, clay, concrete, synthetic tiles, and metal roofs. |
Hillsborough County:
Shingle roofs: max 15-year term
No solar projects through PACE |
Credit Extension 📊
Credit Expires | After 180 Days |
Allows Extension | Yes |
Extension Expires | No more than 1 year |
Max Number of Extensions | 1 |
Debt Requirments 📋
Bankruptcies | No active bankruptcies, must be discharged |
Foreclosure | No foreclosures in the past 3 years |
Funding Details 💸
First Payment Date | Signed before 6/30 - first payment is due in December. Signed after 7/1 - first payment is due the follow year in December |
NTP (Notice to Proceed) Timeline | 1-3 Days |
Funding Timeline | 7 Days |
M1 Commission By Equity Solar | ✔️ |
Loan Transferability | ❌ |
Contract & Verification Process ✍️
Spanish Agreement? | ✔️ |
Welcome Call | ✔️ |
Cancellation Policy Timeline | ❌ |
Utility Companies 🔌
FPL | ✔️ |
Duke | ✔️ |
City of Bartow Electric | ✔️ |
City of Mount Dora | ✔️ |
City of Vero Beach | ✔️ |
Clay Electric Cooperative Inc | ✔️ |
JEA | ✔️ |
Kissimmee Utility Authority | ✔️ |
Lakeland Electric | ✔️ |
Lee County Electric Coop Inc | ✔️ |
SECO | ✔️ |
TECO | ✔️ |
Glades | ✔️ |
Withlacoochee | ✔️ |
City Of Winter Park | ✔️ |
FPUA | ✔️ |
Orlando Utilities Commission | ✔️ |
📞 Financial institution contact information:
- Welcome Call: 1 (866) 471-6595
- Contractor Support: Not available
- Customer Service: Not available
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