Solar Financing Made Simple

A solar lease has fixed monthly payments for the system, a PPA (Power Purchase Agreement) charges you only for the electricity produced, and a solar loan lets you own the system from day one. Leases and PPAs require no upfront costs but you don't own the system. Loans require upfront payment or financing but you own the system and can claim tax credits.

Only solar loans and cash purchases qualify for the federal tax credit since you own the system. With leases and PPAs, the financing company owns the system and claims the tax credit, but they typically pass those savings to you through lower monthly payments.

Credit requirements vary by lender, but most require a FICO score of 600-680 or higher. Some lenders offer flexible underwriting and may approve lower scores. We work with multiple lenders to find the best option for your credit profile.

Most of our financing partners offer no prepayment penalties, allowing you to pay off your loan early and save on interest. Some lenders even offer re-amortization options after making principal payments.

With a loan, you can pay off the remaining balance or transfer the loan to the new homeowner. With leases and PPAs, the new homeowner typically takes over the agreement, or you can buy out the system before selling.

Consider your priorities: if you want the lowest monthly payment and no upfront costs, choose a lease or PPA. If you want to own the system and claim tax credits, choose a loan. If you have home equity and want the lowest rates, consider a HELOC. We'll help you compare all options based on your specific situation.

Reputable solar financing has no hidden fees. All costs should be clearly disclosed upfront, including any origination fees, maintenance costs, or end-of-term fees. We work only with transparent lenders who provide clear, honest pricing.

Yes! We work with lenders who offer flexible underwriting and may approve applicants with lower credit scores. Some options include co-signers, higher down payments, or alternative credit verification. We'll help you find the best option for your situation.