Emphase System Partners with Spruce to improve RoI by Reducing Electricity Cost

By CIOReview | Wednesday, March 2, 2016

PETALUMA, CA: Enphase Energy (NASDAQ:ENPH) and Spruce Finance has signed an agreement to make Enphase, a supplier of inverters for Spruce-owned and operated residential solar systems. “The combination of Spruce’s attractive financing options with Enphase’s smart and easy-to-install technology will help thousands of homeowners save money on their electricity bills,” said Joe Steenbergen, vice president of fulfillment at Spruce, according to businesswire.com.

With a mission to empower consumers to improve their environment, Spruce is providing financing for residential solar systems in 18 U.S. states. Enphase Energy is a global energy technology company which leads the charge to bring smart, connected solar energy to every home, community. By using Enphase’s products Spruce is not only giving the significant energy production for customer’s solar systems but also cost savings on their electricity bills. The key characteristics like easy installation, superior reliability, and industry-leading warranties offered by Enphase products, the solar installers will get more benefits. In addition, Enphase’s Envoy-S communications gateway will become the standard for all of Spruce’s Enphase installations. Envoy-S is a platform for total energy management which offers an entry point for customers to upgrade their solar installations for additional cost savings. Also Spruce will use Enphase’s API for its monitoring platform.

“Since 2011 Enphase and Spruce have enjoyed a solid relationship that has helped more than 10,000 families appreciate the benefits of solar, and the recent extension of the federal Investment Tax Credit will help that trend continue,” said Phil Farese, vice president of strategy at Enphase. “Looking forward, standardizing on the Envoy-S will enable homeowners to have the option to add energy storage to their solar in the future and improve their Return on Investment (RoI) by further reducing their electricity costs over time.