Sunlight Financial requires a credit score between 650 and 699, with a debt to income ratio of 55% or lower for loans between $10,000 and $70,000. You can choose from a 12-year loan with interest rates as low as 0.00%, a 20-year loan with rates as low as 0.49%, or a 15-year loan with rates as low as 1.49%. Solar loan: Sunlight Financial now offers zero and low-interest rate loans for homeowners looking to go solar. But, Sunlight doesn’t stop at solar - their loans can also help finance solar battery systems and roof replacements. Sunlight Financial has their own network of solar installers and have funded over $4 billion loans to date. How it works: Like LightStream and Mosaic, Sunlight Financial is a direct lender of solar loans. There are no fees, prepayment penalties, or home equity loan requirements. Interest rates range from 4.99% to 16.99%. Loan terms range between 2 and 12 years, depending on the loan amount and what works best for you. Solar loan: To qualify for Lightstream Financial’s home improvement solar loan, you must have a minimum credit score of 660. They just provide you with a residential solar loan. Unlike companies like Sungevity and SunPower, LightStream Financial will not put you in contact with installers or offer you any sort of warranty on your system. How it works: LightStream Financial is a division of SunTrust bank. ![]() The company has been known to approve loans to those with credit scores as low as 640. Mosaic interest rates vary, but in some cases you can qualify for an interest rate as low as 2.49%. Their loan terms are typically between 10 and 20 years. Solar loan: Mosaic lends loans ranging from $10,000 to $100,000. Mosaic has a network of solar contractors and installers they work with, so your installer will put you in contact with them if you are interested in a loan. How it works: Mosaic is one of the largest direct solar loan lenders in the U.S., helping more than 100,000 homes make the switch to solar. MosaicĪvailable in: All 50 states and Washington D.C. ![]() Varies depending on solar energy productionĦ popular solar financing companies 1. Comparing solar leases, solar PPAs, and solar loans
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