How does PayKeeper work for solar lenders?

PayKeeper holds loan proceeds in licensed escrow and releases them at the milestones you define, paying the EPC, sales company, subcontractors and suppliers directly. Funds don't pass through the installer first, and every payment is documented.

How does escrow protect lenders if an installer goes out of business?

Because funds sit in escrow and are paid directly to subcontractors and suppliers at each milestone, less money is exposed to the installer's own finances. Undisbursed funds remain in escrow under the lender's agreed terms rather than in the installer's accounts.

Can one loan disbursement be split among the EPC, sales company, subcontractors and suppliers?

Yes. PayKeeper's condition-based platform can split each milestone payment across multiple payees and pay each one directly, so commissions, materials and labor are paid separately from the installer's share.

Can disbursements follow our existing milestone funding schedule?

Yes. Milestones are configured to match your program—for example notice to proceed, installation complete and permission to operate—along with the documents or verification each milestone requires.

Does PayKeeper serve home improvement and construction lenders too?

Yes. The same direct-pay model works for home improvement, HVAC, roofing, battery and EV-charger financing. Construction lenders can use PayKeeper Fund Control for draw management, lien waivers and inspections.

Can PayKeeper integrate with our loan origination or servicing platform?

Yes. PayKeeper's API receives payment instructions from lender systems, applies the configured conditions and executes disbursement, so milestone data and payment status stay in sync with your platform.

Is PayKeeper licensed and compliant?

Yes. PayKeeper, Inc. is a licensed escrow company (NMLS 2401821) with surety bonds, annual GAAP audits, SOC 2 Type II compliance and a BSA/FinCEN AML program. Escrow funds are held in trust accounts at JPMorgan Chase, Continental Bank and Zions Bank.

Solutions for Lenders

Secure and efficient fund management ensures the smooth execution of projects from inception to completion.

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PayKeeper innovates the funding process for projects by offering a secure, efficient, and transparent escrow service. Our platform simplifies the management of project finances, ensuring that all payments are securely held and disbursed at the appropriate milestones. By acting as a neutral third party, PayKeeper provides a structured framework for financial transactions, reducing the risk of disputes and enhancing collaboration among stakeholders. Our goal is to make the financial aspect of solar projects as seamless as possible, allowing lenders and project managers to focus on delivering successful solar solutions.

Managing Funds with PayKeeper

EPCs

PayKeeper ensures that EPCs receive timely and secure payments upon the completion of specific project milestones. This milestone-based payment system enhances project efficiency by motivating the timely completion of work phases and providing financial transparency. EPCs benefit from predictable cash flow, allowing for better resource allocation and project planning, ultimately leading to higher project success rates.

Sales Company Commissions

With PayKeeper, disbursing commissions to sales companies is straightforward and accurate. Our escrow service holds commission funds securely, releasing them as sales milestones are achieved. This ensures that sales companies are rewarded promptly for their efforts, which creates a motivated sales force.

Subcontractors

Subcontractors play a critical role in the execution of solar projects. PayKeeper facilitates their payment process by ensuring that they are paid promptly upon verified milestones. This not only helps maintain a positive working relationship between subcontractors and project managers but also ensures that subcontractors are financially protected throughout the project duration.

Suppliers

PayKeeper secures the funds for suppliers, guaranteeing that payments for materials are paid directly to them.

Efficiency

PayKeeper's platform is designed for maximum efficiency in managing and disbursing funds. By automating the payment process and adhering to predefined milestones, we can accelerate project timelines and reduce the administrative burden on project managers and finance teams. This efficiency translates into cost savings and faster project completion.