Latest news with #MarciodeOliveira
Yahoo
3 days ago
- Business
- Yahoo
Maryland residential solar loan program sees success in rough market
This story was originally published on Utility Dive. To receive daily news and insights, subscribe to our free daily Utility Dive newsletter. A residential solar pilot program in Montgomery County, Maryland, has outpaced expectations by booking more than $3 million in loans since November, despite a declining residential solar market and ongoing uncertainty about the future of federal solar tax credits. The program is a partnership between fintech platform OneEthos and the Montgomery County Green Bank, facilitated by OneEthos's affiliate Climate First Bank. It launched in November, with a goal of booking around 40 to 50 loans during its first year. As of March, the program had booked 40 loans, and by the end of May that amount had doubled to 83 — a total of $3,062,224 in loans, program leaders shared with Utility Dive. 'In just a few months, we saw enough loan demand to meet our entire annual budget for the program,' said Rokas Beresniovas, MCGB's senior director of commercial business and climate finance. The program's success comes amid lowered demand for residential solar nationwide. The market 'experienced its first annual contraction since 2017' in 2024, declining by 31% from 2023, according to a March Solar Market Insight Report from the Solar Energy Industries Association and Wood Mackenzie. Residential solar companies have been struggling, and on Sunday, Sunnova became the latest of them to file for bankruptcy. In addition, the House's May budget bill proposed winding down the Inflation Reduction Act's 30% residential solar tax credit early, limiting its applicability to projects placed in service by the end of this year. Marcio deOliveira, CEO of OneEthos, said he 'would not necessarily attribute the success or growth' of the program to customers trying to get ahead of political uncertainties. 'However, we do predict that going forward, uncertainty and changes would accelerate the growth,' he said. 'As we see the possibility of fewer incentives at the federal level, green banks become even more important — to step up, and provide incentives and support at the state and the regional level, to continue programs like this.' deOliveira attributes the surprising level of interest in the program partially to the structure of what's being offered — a 30-year loan without dealer fees. The average term for a solar loan is from 15 to 20 years, with some lenders offering 25-year loans. Dealer fees often range from 15% to 25% of the project's cost. While MCGB is 'focused on the commercial sector, and cannot directly lend to the consumers,' it can provide enhancements like subsidies in partnership with entities like OneEthos and Climate First Bank, said Beresniovas. MCGB is subsidizing the loan's 4.99% interest payment for the first ten years for qualifying low-income households. After the first 10 years, borrowers are responsible for a 7.99% interest rate. 'You have an incentive to pay it off in ten years to get the lower interest rate,' said Cindy Peña, the communications manager for the Montgomery County Department of Environmental Protection, who recently secured a loan through the program for solar, new roofing, an electrical panel upgrade and an electric vehicle charging station. 'My goal is to pay it off in ten years. I want to get it off my plate.' Peña said she lives close enough to the Washington, D.C line to qualify for the district's solar renewable energy credits, which pay significantly more than Maryland's. 'My neighbors, many of them have solar because [of that],' she said. 'In a nice month, you can get $400 a month from D.C. … So I'm looking at that money to help pay off my loan, along with what I would be saving on Pepco.' Peña said she still hopes to qualify for the federal residential solar energy credit. Her decision to move forward with a solar loan was made after the election, but 'before anybody really knew what was going to be happening at the federal level.' 'I'm hopeful,' she said. 'We wanted to get that federal rebate — I never thought it would be in jeopardy. But now, it could be.' Peña said her husband had been wanting to install solar for some time, but she was first swayed to the idea in October when she spoke to the owner of a company that installs electric vehicle charging stations, who told her that Pepco rates would be rising soon. As of June 1, the average residential Pepco customer 'using 614 kWh per month will see a 17.7% ($20.81) increase in their total monthly bill,' according to the D.C. Public Service Commission. The DCPSC cited several market conditions for the bill increase: tightened supply from local power plant retirements; new reliability requirements; increased demand from new data centers; and increased renewable energy requirements in the region. In other areas of Maryland, Baltimore Gas and Electric customers have also seen their energy bills increase. Beresniovas said he anticipates that rising energy prices will 'contribute to people considering solar, especially here in Maryland.' Following its recent success, the partnership is looking to expand beyond solar to include energy efficiency upgrades, Beresniovas said. 'A lot of people install solar panels, but their homes aren't actually energy efficient, so they're still wasting energy through poor insulation, outdated HVAC, old leaky windows,' he said. 'We're looking forward to expanding this program in the next couple of months.' Recommended Reading Sunrun reports solid Q1 earnings amid tax, tariff uncertainty Inicia sesión para acceder a tu cartera de valores
Associated Press
10-04-2025
- Business
- Associated Press
Enerflo Announces Strategic Partnership with OneEthos, Powered by Climate First Bank
Streamlined solar financing meets seamless installation: A game-changing integration for homeowners and installers. 'This collaboration between Enerflo and OneEthos represents a major leap forward in making affordable solar financing the new standard.' — Marcio deOliveira, Founder & CEO of OneEthos HUNTINGTON BEACH, CA, CA, UNITED STATES, April 10, 2025 / / -- Enerflo, the premier residential solar sales and installation software platform, has announced a strategic partnership with OneEthos, powered by Climate First Bank, to transform the solar financing and installation experience. OneEthos provides solar installers and homeowners with access to the nation's most ethical solar financing platform and is one of the only fintechs in the United States regulated by the Federal Reserve Bank. This collaboration enables residential solar installers and homeowners across the nation to benefit from a seamlessly integrated and affordable financing solution - helping accelerate the transition to a more sustainable future. Through this partnership, Enerflo users can offer homeowners access to solar financing with no dealer fees, a 30.5-year term*, and no prepayment penalties, making it the most affordable ethical solar financing option in the nation. Loan origination and processing are provided by Climate First Bank, the world's first FDIC-insured digital community bank founded to combat the climate crisis, and the fastest growing new bank in the United States since 2009. This integration simplifies the financing process for installers while ensuring homeowners receive affordable solar loan options. Financing is available to all Enerflo partners now - Enerflo partners can access the offering by becoming an approved installer with OneEthos. Key Benefits for Installers and Homeowners No Dealer Fees Means Affordable Solar Financing OneEthos never charges a dealer fee, saving your client up to 30% when financing solar and making the product the most affordable on the market. OneEthos also boasts no prepayment penalties and a 30.5-year term* - maximizing affordability and long-term savings. Affordable Solar from Day One By eliminating dealer fees from project costs which can add up to 30% to the cost of solar, the 30.5-year* loan is designed to lower monthly payments, making solar more accessible than ever before. In many cases, homeowners start saving on day one, making it one of the most cost-effective loan options available. Faster Approvals & 100% Financing Enerflo's seamless integration with OneEthos eliminates friction in the loan process—installers can offer 100% financing, and most homeowners receive real-time loan decisions in as little as 30 seconds, accelerating project timelines. Streamlined Sales & Install Experience Installers using Enerflo benefit from an all-in-one sales and installation workflow, removing inefficiencies that typically delay solar projects. The financing process is now built directly into the Enerflo sales platform, reducing administrative work and keeping projects moving. Nationwide Network of Vetted Installers Homeowners can choose from a trusted network of accredited solar installers, ensuring quality installations that align with the mission of sustainable, responsible energy adoption. Driving a More Sustainable Future, Together 'We're excited to partner with OneEthos, powered by Climate First Bank to make affordable solar financing more accessible,' said Spencer Oberan, Co-Founder of Enerflo. 'This integration allows installers to focus on what they do best—delivering solar solutions and closing deals—while giving homeowners a seamless and affordable financing experience.' 'This collaboration between Enerflo and OneEthos represents a major leap forward in making affordable solar financing the new standard,' said Marcio deOliveira, Founder & CEO of OneEthos. 'Our model provides the nation's most competitive ethical solar financing program and together, we're empowering installers to provide their clients with an affordable lending option, creating a more sustainable future for all.' Beyond the technology, the partnership will also include community outreach and education initiatives to drive awareness about sustainable energy solutions and their role in fighting the climate crisis. *As an example, on a $80,000 loan a homeowner might pay $586.96 per month over 366 months at 8.00% APR. Loans are provided by Climate First Bank, Member FDIC, and are subject to credit check and approval. About Enerflo Enerflo is the only Lead-to-PTO, open API Solar Platform, designed to streamline operations for Residential Solar Installers, EPCs, and Sales Dealers. By cutting soft costs, reducing project timelines, and automating workflows, Enerflo helps solar companies deploy more solar efficiently. Enerflo connects the entire solar sales and installation process into one cohesive, data-driven platform, optimizing lead management, proposals, financing, permitting, and installation. As the backbone of top solar providers, Enerflo powers billions of dollars in solar sales, delivering a fully connected workflow from lead to PTO. For more information, visit: About OneEthos OneEthos is a Certified B Corp, mission-driven fintech company. The company operates at the intersection of financial technology (fintech) and traditional banking with the objective to accelerate the delivery of sustainable and inclusive financial services to all segments of the population. OneEthos is one of the only fintech companies specializing in climate finance in the United States and regulated by the Federal Reserve Bank. The company's mission is to enable Community Banks, Credit Unions, CDFIs, and Green Banks to grow their loan portfolios profitably and responsibly, providing access to banking products and services that have a positive impact on people, communities and the environment. For more information, please visit: About Climate First Bank Recognized as one of the fastest-growing banks in the country, Climate First Bank is the world's first FDIC-insured, values-based, digital community bank founded to combat the climate crisis. A Certified B Corp, 1% for the Planet member, and operationally net-zero since it opened its doors in June 2021, the Bank offers a complete, full-service portfolio of simple and easy-to-use traditional banking products powered by technology to meet the expectations of today's consumers. In addition to offering standard banking services, the company places a special emphasis on non-governmental organizations (NGOs) and businesses committed to sustainability. Eco-conscious customers will find dedicated loan options for solar photovoltaic (PV), energy retrofits and infrastructure to help combat the climate crisis. The Bank reports annually on its impact in line with corporate social responsibility goals; read the most recent Impact Report here. Member FDIC. Visit us on social media: LinkedIn YouTube Legal Disclaimer:
Associated Press
17-02-2025
- Automotive
- Associated Press
OneEthos Launches National Loan Solution for Tesla's Solar Roof and Powerwall Storage Systems
First-ever solution will support Tesla's national network of certified installers. Ethical solar fintech offers homeowners simple, streamlined financing solution. ORLANDO, FLORIDA / ACCESS Newswire / February 17, 2025 / OneEthos ( today announced the first-ever national loan solution designed and optimized for Tesla's industry-leading Solar Roof and Powerwall 3 technologies. The new partnership aims to drive millions of dollars in renewable energy investments by offering homeowners a simple, ethical financing solution. 'This is the perfect match: a combination of Tesla's industry-leading Solar Roof and renewable energy technology and OneEthos' innovative point-of-sale financing platform,' said Marcio deOliveira, Founder and CEO of OneEthos. 'We believe that solar roofs will eventually be more affordable than traditional roofs, will last longer and provide much-needed clean energy production to help meet the world's staggering energy demands for many years to come. Tesla's vision of building a world powered by solar energy, running on batteries and transported by electric vehicles is inevitable.' With this unique new loan, Tesla's national network of certified installers can utilize OneEthos point-of-sale technology. The platform provides immediate pass/fail approvals, competitive pricing, pipeline management and the ability to easily offer their customers this exciting Solar Roof financing program. And unlike other financing providers, OneEthos' all-digital financing process can be done on-site and takes just minutes - making it faster and easier for interested owners to install Tesla Solar Roof technology. OneEthos has a proven national track record of driving investments into solar and renewable energy systems. Their solar portfolio has jumped to nearly $250 million in just three years. The national demand for solar continues to skyrocket as both homeowners and businesses seek affordable, predictable, dependable and energy efficient power sources. OneEthos New National Loan for Tesla All loans are subject to credit approval. Terms and conditions may vary based on creditworthiness and other factors. Tesla Solar Roofs are comprised of both glass solar tiles and steel roofing tiles. Glass solar tiles produce energy, while architectural-grade steel tiles add longevity and corrosion resistance to your roof. Both are durable, strong and engineered for all-weather protection. With a 25-year warranty, Tesla's Solar Roof will continue to produce clean energy and protect your home for decades to come. The Tesla Solar Roof loan program has already been rolled out to select installers in the Tesla Solar Roof network and will be made available to the entire certified installer network at the International Roofing Expo in San Antonio, February 19-21, 2025. About OneEthos OneEthos is a Certified B Corp, mission-driven fintech company. The company operates at the intersection of financial technology (fintech) and traditional banking with the objective to accelerate the delivery of sustainable and inclusive financial services to all segments of the population. OneEthos is one of the only fintech companies specializing in climate finance in the United States and regulated by the Federal Reserve Bank. The company's mission is to enable Community Banks, Credit Unions, CDFIs, and Green Banks to grow their loan portfolios profitably and responsibly, providing access to banking products and services that have a positive impact on people, communities and the environment. For more information, please visit: About Climate First Bank: Recognized as one of the fastest-growing banks in the country, Climate First Bank is the world's first FDIC-insured, values-based, digital community bank founded to combat the climate crisis. A Certified B Corp, 1% for the Planet member, and operationally net-zero since it opened its doors in June 2021, the Bank offers a complete, full-service portfolio of simple and easy-to-use traditional banking products powered by technology to meet the expectations of today's consumers. In addition to offering standard banking services, the company places a special emphasis on non-governmental organizations (NGOs) and businesses committed to sustainability. Eco-conscious customers will find dedicated loan options for solar photovoltaic (PV), energy retrofits and infrastructure to help combat the climate crisis. The Bank reports annually on its impact in line with corporate social responsibility goals; read the most recent Impact Report here. Member FDIC. Rachel Kent press release
Yahoo
17-02-2025
- Automotive
- Yahoo
OneEthos Launches National Loan Solution for Tesla's Solar Roof and Powerwall Storage Systems
First-ever solution will support Tesla's national network of certified installers. Ethical solar fintech offers homeowners simple, streamlined financing solution. ORLANDO, FLORIDA / / February 17, 2025 / OneEthos ( today announced the first-ever national loan solution designed and optimized for Tesla's industry-leading Solar Roof and Powerwall 3 technologies. The new partnership aims to drive millions of dollars in renewable energy investments by offering homeowners a simple, ethical financing solution. "This is the perfect match: a combination of Tesla's industry-leading Solar Roof and renewable energy technology and OneEthos' innovative point-of-sale financing platform," said Marcio deOliveira, Founder and CEO of OneEthos. "We believe that solar roofs will eventually be more affordable than traditional roofs, will last longer and provide much-needed clean energy production to help meet the world's staggering energy demands for many years to come. Tesla's vision of building a world powered by solar energy, running on batteries and transported by electric vehicles is inevitable." With this unique new loan, Tesla's national network of certified installers can utilize OneEthos point-of-sale technology. The platform provides immediate pass/fail approvals, competitive pricing, pipeline management and the ability to easily offer their customers this exciting Solar Roof financing program. And unlike other financing providers, OneEthos' all-digital financing process can be done on-site and takes just minutes - making it faster and easier for interested owners to install Tesla Solar Roof technology. OneEthos has a proven national track record of driving investments into solar and renewable energy systems. Their solar portfolio has jumped to nearly $250 million in just three years. The national demand for solar continues to skyrocket as both homeowners and businesses seek affordable, predictable, dependable and energy efficient power sources. OneEthos New National Loan for Tesla OneEthos powered by Climate First Bank offers the nation's most competitive ethical solar financing program for consumer solar loans. Supports Tesla's national network of certified installers by providing access to OneEthos' streamlined point-of-sale platform and technical training. Provides potential customers with an immediate, on-site pass/fail financing solution. OneEthos technology enables Climate First Bank to offer homeowners ethical solar loans, with 100 percent financing and no early payment penalties. Climate First Bank provides homeowners competitive 30-year (7.99% APR) and 10-year (7.49% APR) fixed rate programs. Terms are subject to change. Eliminates all dealer fees, saving customers up to 40 percent on solar costs compared to other consumer solar lending options. All loans are subject to credit approval. Terms and conditions may vary based on creditworthiness and other factors. Tesla Solar Roofs are comprised of both glass solar tiles and steel roofing tiles. Glass solar tiles produce energy, while architectural-grade steel tiles add longevity and corrosion resistance to your roof. Both are durable, strong and engineered for all-weather protection. With a 25-year warranty, Tesla's Solar Roof will continue to produce clean energy and protect your home for decades to come. The Tesla Solar Roof loan program has already been rolled out to select installers in the Tesla Solar Roof network and will be made available to the entire certified installer network at the International Roofing Expo in San Antonio, February 19-21, 2025. About OneEthos OneEthos is a Certified B Corp, mission-driven fintech company. The company operates at the intersection of financial technology (fintech) and traditional banking with the objective to accelerate the delivery of sustainable and inclusive financial services to all segments of the population. OneEthos is one of the only fintech companies specializing in climate finance in the United States and regulated by the Federal Reserve Bank. The company's mission is to enable Community Banks, Credit Unions, CDFIs, and Green Banks to grow their loan portfolios profitably and responsibly, providing access to banking products and services that have a positive impact on people, communities and the environment. For more information, please visit: About Climate First Bank: Recognized as one of the fastest-growing banks in the country, Climate First Bank is the world's first FDIC-insured, values-based, digital community bank founded to combat the climate crisis. A Certified B Corp, 1% for the Planet member, and operationally net-zero since it opened its doors in June 2021, the Bank offers a complete, full-service portfolio of simple and easy-to-use traditional banking products powered by technology to meet the expectations of today's consumers. In addition to offering standard banking services, the company places a special emphasis on non-governmental organizations (NGOs) and businesses committed to sustainability. Eco-conscious customers will find dedicated loan options for solar photovoltaic (PV), energy retrofits and infrastructure to help combat the climate crisis. The Bank reports annually on its impact in line with corporate social responsibility goals; read the most recent Impact Report here. Member FDIC. For more information, please visit: Contact Information John Collins Collins Strategy Groupjohn@ 496-4587 Rachel Kent VP, Director of 669-3550 SOURCE: OneEthos View the original press release on ACCESS Newswire
