Lease Options Information

• Minimum 600-650 FICO score 

• There are no Debt-to-Income requirements
  Notes: Income is not part of the equation! If you have good credit, no red flags in your credit history, and your home qualifies for solar you are very likely to get approval!

• Maximum of two credit applications per address within 90 Days

• No bankruptcies in the last 5-7 years

• No hard credit checks for a PPA or Lease
  Notes: In some cases, running a credit check for TPO products does not affect your credit if you don't sign the agreement. This means finding out if you qualify is harmless! Once you sign the agreement, your credit history will reflect the change.

• Co-signers are allowed

• At least one borrower must be on the title of the home

Agreement Duration Typically Ranges From 10-25 Years

Rate Structure Of The Agreement-The rate structure will be based on the value of the system or $/kWh rate, which is normally fixed, however could have escalations over time.

Buyout Options-Some of the leasing options we offer have the option to buy the system at the end of the agreement at fair market value.

Production Guarantee-Most leases offer protection of expected energy production. This means if the system is down, or not producing the agreed upon production rate, the leasing company would pay for the cost while the system is being fixed or replaced. 

Maintenance & Repairs-The leasing company is responsible for the performance of the system, and depending on the production gurantee, they would fix any problems in a timely manner to avoid having to pay for expensive electricity bills.