Lenders
Available solar financing products across markets
Finance Matrix
Side-by-side comparison of TPO lender requirements. Scroll horizontally to see all columns.
Select a TPO lender to view its requirements.
Credit Requirements
Credit Score Requirement
620+
FICO Tiers
Tier 1: 620+
Initial Credit Check Type
Soft -> Hard after NTP Approval
Bureau Used
Transunion
Credit Freeze
Unfreeze Transunion
Income Verification
May be required if the credit score is under 700.
DTI
Does not look at DTI
Can be a non US Citizen
Yes, can use a US Social Security Number or ITIN
ITIN
Yes
Ownership Requirements
Co-Applicant allowed?
Yes, Co-Applicant does NOT need to be on title or live in residence
Reverse Mortgage
No
LLC
No
Trust
Yes
System Details
Minimum System Size (kW)
3.16 kW System Size
Maximum System Size (kW)
45 kW System Size
Price Per Watt (PPW) Cap
N/A
Year 1 Savings Needed
Yes, unless using Back-Up Batteries
Residential Property Types
Single Family (1-4 Unit Multifamily)
Yes
Condos
Yes
Townhomes
Yes
Vacation Homes
Yes
Additional Residence
Yes
Triplexes
Yes
Mobile Homes
No
In a mobile home park
No
Manufactured Homes
Yes
Modular Homes
Yes
Car Ports
No
Multi Family Property Types
5+ Unit Multifamily Homes
No
Commercial Properties
No
Special Property Types
Farms/Agricultural Land
No
Investment Properties
Yes
Financier Specific Property Types
Roof must be owned, not shared
Yes
Borrower must be a resident
Yes
Borrower can be a renter
No
Add On System (Second System Entirely Separate)
Yes
Ground Mount
No
Multiple System Financing (same home)
Yes
Funding Details
NTP Timeline
1-3 Days
Funding Timeline (Financier to Elevation)
7 Business Days
(Elevation pays sales commissions the following Friday after funding received)
Pre Payment Penalty
No
Acceptable Payment Options
ACH or
Pay by Check ($10/m more)
Debt Requirements
Bankruptcies
Ok if 3+ years ago
Foreclosure
Ok if 3+ years ago
Credit Extension
Credit Expires
After 180 Days
Allows Extension
Yes
Extension Expires
After 30 - 60 Days
Max Number of Extensions
1
Misc. Details
States Available
CA
Applications
Apply on Aurora Proposal
Financier Welcome Call
Yes
Spanish Agreement?
No
Accepts Down Payments?
No
Can Be Transferred When Moving
Yes
Utility Rate Caps
Varies Per Utility
Available Utilities
View Available Utility Companies Here
Offers System Warranty
Yes
System Buyout Option
Yes, at year 5 or year 25
Other Notes
Must use QCell Panels
Must be Recheck Verified
| Lender | Enfin | Goodleap TPO | Lightreach | Sunrun |
|---|---|---|---|---|
| Credit Requirements | ||||
| Credit Score Requirement | 620+ | 650+ | 660+ | 650+ |
| FICO Tiers | Tier 1: 620+ | Tier 1: 650+ | Tier 1: 660+ | Tier 1: 650+ |
| Initial Credit Check Type | Soft -> Hard after NTP Approval | Soft * | Soft * | Soft * |
| Bureau Used | Transunion | Highest of 3 Bureaus | Highest of 3 Bureaus | Transunion -> Experian -> Equifax |
| Credit Freeze | Unfreeze Transunion | Unfreeze All 3 Bureaus | Unfreeze All 3 Bureaus | Unfreeze each in the above order |
| Income Verification | May be required if the credit score is under 700. | N/A | N/A | N/A |
| DTI | Does not look at DTI | Does not look at DTI | Does not look at DTI | Does not look at DTI |
| Can be a non US Citizen | Yes, can use a US Social Security Number or ITIN | Yes, can use a US Social Security Number or ITIN | Yes, but only a US Social Security Number (SSN) is accepted, otherwise no | Yes, can only use a US Social Security Number |
| ITIN | ||||
| Ownership Requirements | ||||
| Co-Applicant allowed? | Yes, Co-Applicant does NOT need to be on title or live in residence | Yes, Co-Applicant does NOT need to be on title or live in residence 1 borrower must be on title | Yes, Co-Applicant must be an immediate family member of the primary applicant 1 borrower must be able to pass credit 1 borrower must be able to pass title | Yes, Co-Applicant must be spouse or domestic partner Primary Borrower must be on title |
| Reverse Mortgage | ||||
| LLC | ||||
| Trust | ||||
| System Details | ||||
| Minimum System Size (kW) | 3.16 kW System Size | 3 kW System Size | Minimum System Size (6 panels) | 2.5 kW System Size |
| Maximum System Size (kW) | 45 kW System Size | 25 kW System Size | Up to $150,000 Install Cost | CA, TX, FL - 40 kW System Size AZ - 30 kW System Size |
| Price Per Watt (PPW) Cap | N/A | N/A | Total System Cost must be below $150,000 | N/A |
| Year 1 Savings Needed | Yes, unless using Back-Up Batteries | |||
| Residential Property Types | ||||
| Single Family (1-4 Unit Multifamily) | ||||
| Condos | ||||
| Townhomes | ||||
| Vacation Homes | ||||
| Additional Residence | ||||
| Triplexes | ||||
| Mobile Homes | ||||
| In a mobile home park | ||||
| Manufactured Homes | ||||
| Modular Homes | ||||
| Car Ports | ||||
| Multi Family Property Types | ||||
| 5+ Unit Multifamily Homes | ||||
| Commercial Properties | ||||
| Special Property Types | ||||
| Farms/Agricultural Land | ||||
| Investment Properties | ||||
| Financier Specific Property Types | ||||
| Roof must be owned, not shared | ||||
| Borrower must be a resident | ||||
| Borrower can be a renter | ||||
| Add On System (Second System Entirely Separate) | ||||
| Ground Mount | ||||
| Multiple System Financing (same home) | ||||
| Funding Details | ||||
| NTP Timeline | 1-3 Days | 1-3 Days | 1-2 Days | 1-2 Days |
| Funding Timeline (Financier to Elevation) | 7 Business Days (Elevation pays sales commissions the following Friday after funding received) | 4 Business Days (Elevation pays sales commissions the following Friday after funding received) | 7 Business Days (Elevation pays sales commissions the following Friday after funding received) | 10 Business Days (Elevation pays sales commissions the following Friday after funding received) |
| Pre Payment Penalty | ||||
| Acceptable Payment Options | ACH or Pay by Check ($10/m more) | ACH Only | ACH Only | ACH Only |
| Debt Requirements | ||||
| Bankruptcies | Ok if 3+ years ago | Discharged for 1 year, if Chapter 13 Discharged for 2 years, if anything else | Ok if 7+ years ago | N/A |
| Foreclosure | Ok if 3+ years ago | Allowed if it was 4+ years ago | Ok if 7+ years ago | N/A |
| Credit Extension | ||||
| Credit Expires | After 180 Days | After 180 Days | Credit does not expire. (However, LightReach may reserve the right to cancel files that do not get installed after 160 days or longer.) | Sunrun Approval needed within 90 Days |
| Allows Extension | Yes | No | — | No |
| Extension Expires | After 30 - 60 Days | N/A | — | N/A |
| Max Number of Extensions | 1 | N/A | — | N/A |
| Misc. Details | ||||
| States Available | CA | CA, TX, AZ, OK, IL | CA, TX, AZ, OK, IL | CA |
| Applications | Apply on Aurora Proposal | Apply on Aurora Proposal | Apply on Aurora Proposal | Apply in Portal: Portal Link |
| Financier Welcome Call | ||||
| Spanish Agreement? | ||||
| Accepts Down Payments? | ||||
| Can Be Transferred When Moving | ||||
| Utility Rate Caps | Varies Per Utility | Varies Per Utility | Varies Per Utility | Varies Per Utility |
| Available Utilities | View Available Utility Companies Here | No Restrictions | View Available Utility Companies Here | View Available Utility Companies Here |
| Offers System Warranty | ||||
| System Buyout Option | Yes, at year 5 or year 25 | Yes, anytime after year 5 | Yes, anytime after year 5 | Yes, at year 5 or year 25 |
| Other Notes | Must use QCell Panels Must be Recheck Verified | Must have HIS in CA | Must be Recheck Verified | Must have HIS in CA |