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Any payments after the third re-amortization event will first reduce any accrued finance charges, then the unpaid Principal balance, and may result in fewer total payments due over the term of the Agreement.
Flex Pay Facts
Homeowners are not required to make payments in the first 12 months of the system’s activation/ in-service date
All payments made within the first 12 months of the in-service date apply to principal (Same as Cash period). If paid in full within the first 12-month period, no interest is due.
Scenario: “I just received my first invoice. I have 12 months from now to pay 0 interest?”
The Flex Pay term began on your system’s in-service date of (add in-service date). That is the date your system began producing clean energy for your home. All payments from the in-service date through month 12 are applied to your principal balance, interest-free. If you pay in full within the first 12 months, you will have purchased your system same as cash.
Scenario: “I tried making payments before but you were unable to process my payment.”
You can submit payments online at www.myeverbright.com once you receive your first invoice.