New partnership enables contractors to offer better financing options for their customers
DALLAS, Feb 14 – MORSCO, a leading U.S. distributor of residential and commercial HVAC, plumbing and waterworks, and Renovate America, a leading home improvement financing company, have announced a partnership to foster the use of affordable payment programs for heating and cooling systems, making the buying process seamless for homeowners and contractors alike.
The partnership will provide contractors with the tools and financing options that will help them grow their business. Renovate America’s leading field technology will provide sales representatives in the home with a tool to help make a homeowner’s HVAC or plumbing project more affordable, spreading the cost over fixed monthly payments while offering competitive fixed interest rates.
“MORSCO and Renovate America today announced their partnership to bring simplicity and a variety of consumer choices through monthly payment programs for energy efficient residential heating and cooling equipment,” said Joseph Ellis, Sales Director, MORSCO. “Leveraging Americans’ appetite for monthly payment options, this partnership provides residential home improvement contractors the ability to offer their customers a payment plan, making HVAC more affordable.”
Renovate America is 100% focused on the home improvement industry, providing contractors with financing options to offer homeowners. In addition to offering multiple financing options and field technology which includes a mobile app and web portal to track results, Renovate America offers industry leading education, training and mentoring to contractor teams in the field.
“We are excited about our partnership with MORSCO because we hold the same values toward the residential HVAC industry,” said Shawn Stone, Chief Executive Officer of Renovate America. “We feel all homeowners, regardless of credit quality, should have access to high efficiency HVAC equipment. Renovate America’s diverse payment programs allow homeowners to have access to energy-efficient equipment, reduced utility and operating expenses, with expert installation performed by reputable MORSCO contracting partners.”
Eligible contractors can participate in the program immediately, unlocking lending rates typically unavailable to many homeowners. To learn more about MORSCO, please reach out to CustomerService@morsco.com
MORSCO is a leading U.S. distributor of commercial and residential plumbing, waterworks and HVAC, with showrooms across the country. Based in Texas, MORSCO operates in 204 branches across 17 states. They distribute more than 100,000 national and private label products to more than 40,000 customers. Since their inception in November 2011, MORSCO has grown rapidly through a series of acquisitions and store openings. In 2018, MORSCO was acquired by The Reece Group, Australia’s leading provider of plumbing, HVAC and waterworks products.
About Renovate America
Renovate America offers a financing platform that helps Americans improve their homes while giving contractors the tools they need to grow their business. In addition to financing home improvements through a traditional lending product, Benji, Renovate America offers communities HERO financing. HERO is a leading residential Property Assessed Clean Energy (PACE) program in the U.S. and has been used by the owners of over 130,000 homes to make upgrades that can save energy and water, generate renewable energy, or protect against storm damage. HERO-financed upgrades are projected to save homeowners billions of dollars in energy and water bills, and are estimated to have created over 25,000 local trade jobs that cannot be offshored or automated.