PayKeeper

We are ONE WEEK away! Make sure to RSVP. We can't wait to connect with you and see how we can progress the industry forward together.

Are you attending RE+ 2024? Don't miss the opportunity to connect with industry leaders at our exclusive Solar Pit Stop event! ?? Date: September 11, 2024 ?? Time: 11 AM - 5 PM ?? Location: Morton's Steakhouse, just across the street from the Convention Center. We’re excited to partner with RateTrac and Sunrebel to bring you this event. Whether you're looking to learn more about the latest in solar finance or just want to network with fellow industry leaders, this is the place to be! RSVP Required - https://lnkd.in/gjc5Pf6i. Spaces are limited, so don't wait! Looking forward to seeing you there and making RE+ 2024 an event to remember. #SolarEnergy #REPlus2024 #NetworkingEvent #SolarFinance #RenewableEnergy #PayKeeper #RateTrac #SunRebel

Two weeks away! Booth #E15078 is where the future of solar transactions is happening. Come by to learn how PayKeeper is leading the charge in simplifying and securing the solar payment process, ensuring transparency and trust for all stakeholders. Join us in transforming the solar industry and renewing what's possible! We can't wait to see you there! #RenewableEnergy #SolarIndustry #CleanEnergy #Innovation #PayKeeper #SolarFinancing

The solar industry holds incredible promise for our future, powering our homes with clean, renewable energy. But as solar has expanded, we must also address the challenges that threaten to undermine consumer trust. Reports of deceptive practices, high-pressure sales tactics, and outright fraud have damaged the reputation of residential solar, leaving too many consumers feeling betrayed. At PayKeeper, we believe that consumer protection is not just a regulatory requirement—it's a moral imperative. We stand with the companies that are committed to honest, transparent, and fair practices, and we are passionate about lifting up the good actors in our industry while working to weed out the bad. By ensuring that every transaction is handled with integrity and transparency, we can rebuild the trust that is so vital to our collective success. We envision a future where consumer protection is at the forefront of the solar industry, ensuring that every homeowner can confidently embrace the benefits of solar energy without fear of being misled or taken advantage of. Together, we can create a solar industry that is not only sustainable for the planet but also just and fair for everyone involved. Let's work towards a future where consumer protection is the foundation of our growth and where trust is restored in the power of the sun. ?? #SolarEnergy #ConsumerProtection #RenewableEnergy #TrustInSolar #PayKeeper https://lnkd.in/gujPNNzH

Join Us at SolarConnect 2024! We are excited to announce that our CEO Kelly Curtis, CSDP, will be on the Finance panel at SolarConnect 2024, powered by Enerflo. How to Participate: Mark Your Calendar: August 13 & 14, 2024. Register Here: https://lnkd.in/gk8WPene Prepare for an Engaging Experience: Come ready to learn, connect, and innovate. Don’t miss out on this exciting event! We look forward to seeing you there and exploring the future of the solar industry together. #SolarConnect2024 #PayKeeper #Enerflo #FinancePanel #SolarIndustry #VirtualEvent #InnovationInSolar

Listen to why Keith Barker, MBA from Radix Solar loves using PayKeeper! "PayKeeper is a game-changer for us. It solves so many issues by putting someone on both the contractor's and the customer's side. For us, it means peace of mind, knowing the funds are secured to cover project costs and ensure we get paid. For our customers, PayKeeper verifies milestones and ensures they are taken care of every step of the way." - Keith Barker, Radix We're proud to partner with companies like Radix, leading the way in customer protection and support. #PayKeeper #CustomerProtection #ContractorSupport #SolarIndustry #Testimonial #Radix #Partnership #PeaceOfMind #MilestoneVerification #CustomerCare

Solar Best Practice of the Day: I serve as Treasurer of the RSA, and as CEO of PayKeeper - an escrow payment solutions platform for solar/home improvement. The solar industry best practice I'd like to mention, is job cost accounting. Job cost accounting is tracking the revenue and expenses per job, in order to know the profitability of each job. Most stop here, but there's more... Job cost accounting from a capital perspective also is understanding when capital comes into the business in any form, but specifically from a job, what it should be used for. A customer deposit of 50% of their solar project, for example, should be reserved for (and booked as a liability on the balance sheet until commensurate progress has been made on the project) and spent mostly on that customer's job. Very little should be spent on company G&A, and very little should be spent to fuel the company's growth - this figure should correspond to what profit margin is expected on the job. And if you don't know your profit margin - you're in the dark on how much you should spend on capex to grow. The same example would apply to any payments made to the contractor on behalf of the customer, by a finance provider. As an escrow company with a product designed to facilitate this best practice, I see the vast difference between the contractors who do so, and the ones who don't. Further, the reason I joined the RSA, and volunteer my time in furthering its mission, is that commitment to echo and amplify best practices, and make them not only the best, but the most used practices as well. "Better practices, brighter future!" I nominate the following to mention a solar best practice of their choice, and to nominate 3 others. Steve Welsh Cade Spackman Dallin Tew #rsa #protectsolarcustomers #solarbestpractices #betterpracticesbrighterfuture Residential Solar Association

Key Benefits of Direct Pay: Streamlined Payments: Direct Pay allows contractors to pay suppliers directly, reducing administrative hassles and ensuring timely payments. Aligned Purchases: Align buying materials with job progress, making sure you have the right materials at the right time. Enhanced Cash Flow: Improve cash flow management by paying only for materials needed at each stage of the project. Increased Trust: Build stronger relationships with suppliers through consistent, reliable payments. #PayKeeper #DirectPay #Construction #Contractors #ProjectManagement #SupplierRelations #Efficiency #Innovation #ConstructionBusiness

We're innovating the solar lending landscape, making it accessible and efficient for lenders looking to enter or expand in the home improvement industry. Direct Pay Our platform offers a secure, efficient, and transparent escrow service, simplifying the management of project finances for lenders. By acting as a neutral third party, we reduce the risk of disputes and fosters collaboration among stakeholders. Our mission is to streamline the financial aspect of solar projects, empowering lenders to focus on growing their business and delivering successful home improvement solutions. Empowering Lenders Secure and Transparent Payments, lenders can ensure that all payments are securely held and disbursed at appropriate milestones. This transparency and security builds trust with borrowers, contractors, and suppliers, enhancing the overall project experience and reducing the likelihood of disputes. Efficiency and Growth Designed for optimal efficiency, our platform automates the payment process and adheres to predefined milestones. This accelerates project timelines, reduces administrative burdens, and translates into cost savings, allowing lenders to manage more projects and grow their business seamlessly. Support for All Stakeholders, we ensure timely and secure payments for EPCs, sales companies, subcontractors, and suppliers. This comprehensive support fosters a positive working relationship among all project participants, ensuring smooth project execution and higher success rates. We are committed to democratizing solar lending and empowering lenders to thrive in the home improvement industry. Learn More: https://lnkd.in/dRr-7h6w #PayKeeper #SolarLending #HomeImprovement #FundManagement #LenderGrowth #FinancialTransparency #Efficiency #Innovation

Check out our article on homeowner complaints and how to improve as an industry together. According to the Consumer Federation of America, the top complaints are: 1. Auto sales and repair. 2. Landlord-tenant disputes. 3. Home improvement repairs and contractors. This widespread dissatisfaction reveals a significant mistrust in our industry. Customers often feel let down when timelines are missed and disputes are not promptly addressed. Unhappy customers can make collecting payments challenging and securing positive reviews even harder. This impacts not only the profitability of current projects but also the long-term growth of your business. We all know that bad news spreads faster than good, making it crucial to ensure customer satisfaction. So, how can you transform this clumsy, mistrusted process into a growth asset for your company? Here's how: ?? Proactive Payment Management: Secure your customer's money in a safe, insured place. A federally insured escrow account ensures there's no risk of financial loss. ?? Clear Milestones: Set clear project milestones. Payments are only released when these milestones are met, giving customers confidence in the process. ?? Easy Dispute Resolution: Make disputes easy to resolve. Hold a small percentage of funds in escrow for retention until the customer signs off on any issues. Customers can submit photos of problems, and contractors can schedule fixes without haggling, ensuring customer satisfaction. Let's build trust, grow your business, and turn these challenges into opportunities together. #HomeImprovement #CustomerTrust #ContractorTips #PayKeeper #BusinessGrowth https://lnkd.in/gHpGAt_k