Loan funds held after contractor went out of business
In December I engaged with the solar firm NERGY, LLC to install solar on our home. During the site assessment it was determined the roof required replacement before the solar installation. Financing for this project was arranged by Sunlight Financial for the solar installation and for the roof replacement. Total loan amount was $37,072.00 over twenty years with NERGY, LLC managing the project and loan disbursement. The roof was replaced and the solar installation was completed and appears to provide energy as designed.
At the end of June, I received a notice of intent to lien letter from Geo Roofing saying they had not been paid for the roof replacement. They informed me that the solar company NERGY, LLC had gone out of business in April. I checked in with All and they informed me that they had released my loan funds to Sunlight Financial. I contacted Sunlight Financial and found they are still in possession of the original $37,072.00 borrowed for this project. I've provided the financial agreement I had with NERGY, LLC, showing that the funds for the roof replacement were rolled into this solar loan. I've provided the Geo Roofing invoice for the roof replacement and personally affirmed this roof replacement was completed back in February. I've provided documentation showing that the solar installation is complete and producing energy as designed. The solar company NERGY, LLC is out of business as of April this year. I notified Sunlight Financial of the issues surrounding the business demise of NERGY, LLC and the outstanding Geo Roofing invoice back at the end of June. This money Sunlight Financial is dragging their feet over is ultimately mine. While I've only known there was an issue for three and a half months, it's been more than seven months since the roof replacement was completed, and it's time to reconcile these funds.
At the end of June, I received a notice of intent to lien letter from Geo Roofing saying they had not been paid for the roof replacement. They informed me that the solar company NERGY, LLC had gone out of business in April. I checked in with All and they informed me that they had released my loan funds to Sunlight Financial. I contacted Sunlight Financial and found they are still in possession of the original $37,072.00 borrowed for this project. I've provided the financial agreement I had with NERGY, LLC, showing that the funds for the roof replacement were rolled into this solar loan. I've provided the Geo Roofing invoice for the roof replacement and personally affirmed this roof replacement was completed back in February. I've provided documentation showing that the solar installation is complete and producing energy as designed. The solar company NERGY, LLC is out of business as of April this year. I notified Sunlight Financial of the issues surrounding the business demise of NERGY, LLC and the outstanding Geo Roofing invoice back at the end of June. This money Sunlight Financial is dragging their feet over is ultimately mine. While I've only known there was an issue for three and a half months, it's been more than seven months since the roof replacement was completed, and it's time to reconcile these funds.