Dividend provides financing solutions for residential solar systems, solar storage, and other home improvement endeavors. They partner with over 700 solar installation companies.

When these installers create a solar system quote, they include Dividend’s built-in financing option to present to potential customers.

The primary financing product from Dividend is the EmpowerLoan, a secured loan that doesn’t require a down payment. Homeowners can access loans up to $120,000, with a minimum credit score requirement of 660.

Interest rates vary based on credit history and installer but typically range between 3.49% and 6.99%. The EmpowerLoan is available in 12 or 20-year terms, with the loan secured against the solar system itself.

Lightstream Financial

Lightstream Financial operates as an online consumer lender offering financing for a variety of projects, including home improvement and auto loans. Their loan amounts vary, ranging from $5,000 to $100,000, tailored to suit different funding needs.

If you’re seeking a home improvement solar loan through LightStream Financial, a minimum credit score of 660 is required. The loan terms are flexible, ranging from 2 to 12 years, and are based on the loan amount and the borrower’s preferences. Interest rates for these loans vary from 7.99% to 21.24%.

It’s important to note that Lightstream loans come with no additional fees, no prepayment penalties, and don’t require home equity as collateral. This makes them a straightforward option, despite the higher interest rates compared to some other lenders.


Mosaic stands as one of the largest direct lenders for solar loans in the U.S., having funded over $10 billion for residential solar projects and sustainable home improvements. With a vast network of solar contractors and installers, Mosaic’s financing options are readily accessible.

If you’re seeking a solar loan, it’s likely that an installer providing you with a quote will have Mosaic as a financing option.

Mosaic’s loan amounts range from $10,000 to $100,000, with loan terms typically spanning 10 to 25 years. They offer three financing structures under their PowerSwitch program. Interest rates are variable, but some borrowers may qualify for rates as low as 3.99%.

Notably, Mosaic is known for approving loans for individuals with credit scores starting at 640, making their financing more accessible to a wider range of customers.


GoodLeap specializes in direct lending for solar installations, including solar batteries. They also extend financing to a variety of other energy-efficient home upgrades, such as smart thermostats and energy-efficient windows.

Their solar loan terms range from seven to 25 years, with APR rates reportedly as low as 2.98%. The loan amount for which a borrower qualifies depends on their credit score. For FICO scores between 600 and 649, loans up to $45,000 are available, while scores ranging from 650 to 699 can qualify for loans up to $50,000.

Borrowers with a credit score above 700 can access loans up to $100,000. GoodLeap’s loan options offer flexibility to accommodate a range of credit scores and financing needs for solar and energy-efficient home improvements.

The Key Takeaway

To choose the right financing for your solar energy system, start by selecting a suitable solar installer. Get multiple quotes from local solar companies and review their customer feedback.

Many installers have connections with financing firms and can guide you to options like solar loans, leases, or PPAs. Whether you opt for a bank loan, a credit union, or a specialized solar finance company, the right choice will set you on the path to clean energy and potential savings on utility bills.

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