Financing Companies

Selecting a Solar Financing Company

Not all solar financing companies are created equal. How do you choose the best? Here are some guidelines for your decision:

  • Value - are they installing leading brand of solar panels and inverters. How good is the quality of their installation?
  • Are they responsive to your needs? Did they conduct a site visit?
  • Discusses your needs and objectives
  • Are they likely to be around in the long term
  • Quality of installers in their network
Solar Financing Company Technology Financed Available in: Offered to: Contract Structure

Adam Capital
http://adamcapital.com/

Solar PV

Solar Hot Water

Residential, Commercial

Lease, PPA

Amberjack Solar
http://www.amberjacksolar.com

Solar PV

MA, NJ

Commercial

PPA, Lease

BGE Home
http://www.bgehome.com/solar.php?section=solars
 

Solar PV

MD

Residential

BrightGrid Solar
http://www.brightgrid.com/

Solar PV

AZ, CA,CO, HI, NJ

Residential

Lease

BriteLease
http://britelease.com/

Solar PV

Not Specified

Residential, Commercial

Lease

Citizenre
www.citizenre.com

Solar PV

AR, CT, DE, GA, HI, LA, MA, MD, ME, MN, NH, NJ, NY, OK, OR, RI, VA, VT, WA, WY

Residential

Leae

CentroSolar
www.centrosolar.com

Solar PV

AZ, CA, NJ

Residential

Lease

Clean Power Finance
www.cleanpowerfinance.com

Solar PV

Nationwide

Residential, Commercial

Constellation Energy/ BGE Home
http://www.bgehome.com/solar.php?section=financingOptions

Solar PV

MD

Residential

Lease

CT Solar Lease
http://www.ctsolarlease.com/index.php

Solar PV

CT

Residential

Lease

First Light Solar (FLS Energy)
http://www.flsenergy.com/

Solar PV

Solar Hot Water

NC, SC, GA and TN

Residential, Commercial

PPA

Mercury Solar - Financing
http://www.mercurysolarsystems.com/
 

Solar PV

CT, MA, NJ, NY, PA

Commercial

Lease, PPA

One Roof Energy
http://www.oneroofenergy.com/

Solar PV

Residential

Lease

Graybar Financial Services
http://www.graybar.com/services/financing
 

Solar PV

GroSolar
www.grosolar.com

Solar PV

PA

Residential

Lease

Solar City
www.solarcity.com

Solar PV

CA, MA, MD, WA

Residential

Lease and PPA

Soltage
www.soltage.com

Solar PV

CT, MA, NJ

Commercial

PPA

Skyline Innovations
http://www.skylineinnovations.com/
 

Solar Hot Water

AZ, CA, FL, Mid-Atlantic states

Commercial

PPA

Sun Edison
www.sunedison.com

Solar PV

Nationwide

Residential, Commercial

Lease

SunPower
http://us.sunpowercorp.com/

commercial/how-to-buy/solar-lease/

Solar PV

AZ, CA, CO, HI, MA, NJ, NY, PA

Residential, Commercial

Lease

Sun Run
www.sunrunhome.com

Solar PV

AZ, CA, CO, HI, MA, NJ, OR, PA

Residential

PPA

Sungevity
www.sungevity.com

Solar PV

AZ, CA, CO, DE, MA, NY, NJ, MD

Residential

Lease

Technology Credit Corporation
http://www.creditcorp.com/home.htm
 

Solar PV

MA

Commercial

Lease, PPA

Tioga
www.tiogaenergy.com

Solar PV

AZ, CA, CO, CT, HI, MA, MD, NJ, NV, OR, OR, PA

Commercial

Vivint Solar
http://www.vivintsolar.com/

Solar PV

NY, HI, UT

Residential

PPA

WindStream Energy Solutions
http://www.windstreamenergysolutions.com
   

Wind

MA

Commercial

PPA

Solar Financing Company - Business Models

These companies are organized in one or more of the following ways:

  • Vertically integrated: These companies own all the major parts of the solar business, including capital, sales, installation, and after-sales service and maintenance. SolarCity is the best example of a vertically integrated solar company.
  • Solar Financing companies with a preferred network of installers: These companies use their own capital or source funds from a bank or a private investment fund to offer solar financing programs. They have built a national installer network that offers their financing program exclusively to consumers. Examples of such companies include SunRun, SunEdison, Sungevity. Some solar panel manufacturers are also providing financing using this business model. They include SunPower, Brightlease and CentroSolar.
  • Solar Financing Company: These are primarily financing companies that any installer can use to offer a solar financing solution to property owners. Companies like Clean Power Finance, Graybar Financial, Tech Credit corp. are examples of this business model
  • Installers with access to capital: Some larger installers have lined up a line of credit at a bank or at a private investment fund. Some even have put their own capital to finance commercial installations. Examples include Amberjack Solar and Mercury Solar.

Business Model

Financing

Solar Sales

Installation

Contract with Consumer

System

Maintenance

1.  Vertically Integrated company

In-house

In-house

In-house

In-house

In-house

2.  Financing company with an approved installer network

In-house or via bank or private fund

Network of Installers

Network of Installers

In-house

Network of Installers

3.  Financing company; no preferred installer network

In-house

Local installer

Local installer

In-house

Outsourced to local installer

4.  Installer with line of credit

In-house or Via bank or private investment fund

In-house

In-house

In-house

In-house

If you need additional information or have questions we can help you with, please feel free to send us a note to info@energysage.com