SunSaver™ is an escalating solar loan designed to combine the best features of traditional solar loans and leases. It offers low initial monthly payments that increase at a predetermined rate over the course of the loan term, making solar more accessible and manageable for homeowners.

The SunSaver™ loan starts with low initial monthly payments for the first 16 months, making it easier for the homeowner to afford solar installation. After this period, the monthly payments increase by 2.9% annually, which is planned and predictable, ensuring homeowners could budget effectively. 

Homeowners will see the first increase in their monthly payment starting from the 17th payment after enjoying lower fixed payments for the initial 16 months.

After the initial period, the monthly payment will increase annually by 2.9%, ensuring gradual and manageable rises.  The initial increase to the monthly payment will be based on whether or not the homeowner makes the voluntary payment. 

Unlike traditional leases or TPO products that may have variable costs and do not lead to ownership of the solar system, SunSaver™ offers a homeowner ownership of their system with predictable payment escalations. It provides day-one savings without requiring day-one savings and enhances homeowner ROI through tax credits and home value incentives.

Yes, there are a couple of requirements for installers wishing to offer the SunSaver loan™: 

• Credit Requirements: Installers must maintain a first-look volume. Sunlight assesses the credit profile of applications regularly to ensure the installer refers homeowners with high credit quality to Sunlight.  Sunlight maintains the discretion to adjust pricing and product availability 
• ACH Enrollment: Installers must have an ACH (Automated Clearing House) enrollment rate of over 90% to ensure efficient and reliable payment processing 
• Proposal Updates: Installers must update their sales proposals to meet Sunlight s proposal requirements for the SunSaver™ loan product. If installers sell through one of our integrated proposal partners that have completed the SunSaver™ API integration, the required proposal changes are already integrated on those platforms. If the installer is using their own custom proposal tool, then Sunlight must review the SunSaver™ proposal for compliance.

For Installers using Custom or Non-Integrated Proposals 

Installers using a custom proposal for any number of Sunlight projects must make the following changes before launching the product:

1. Suppress current payments page: Update the proposal to remove the existing solar payments and financing page•
2. Fill out the loan and system details in the attached form: Download and use the form linked below to replace the suppressed page. The form contains payment factors required for each payment amount. You just need to know the financed amount•
   1. Click Here to download SunSaver™ Custom Proposal Form
3. Attach the updated form to your proposal: Attach this new form to your proposal for approval with Sunlight until your proposal is fully integrated with Sunlight.

Installers using OpenSolar as Primary Integrated Proposal Partner 

Installers using Open Solar for all their solar projects need not worry! We’ve worked closely with them to integrate these changes into your SunSaver™ proposals automatically. 

Please note: Our other integrated proposal partners are working to integrate SunSaver™ into their platforms as soon as possible. As we fully integrate with their platforms, we’ll communicate to our installer network regarding newly available proposal platforms. 

If an installer uses another integrated proposal partner not listed above, you must sell through our Orange® portal and make the required proposal updates.

Yes, SunSaver™ is currently available in Open Solar. 

Our other integrated proposal partners are working to integrate SunSaver™ into their platforms as soon as possible. As we fully integrate with their platforms, we’ll communicate to our installer network regarding newly available proposal platforms.

Yes, Sunlight will perform welcome calls as a mandatory part of the SunSaver™ loan process to ensure homeowners fully understand the unique loan terms, their payment obligations, and the benefits of the loan product.

No, SunSaver™ is not currently available in CO, DC, HI, ID, IA, IN, KS, ME, MN, OK, SC, UT, WA, and WY.

Yes, the PPW limits for the SunSaver™ loan are the same as those for our solar loans. Below are the specific limits and requirements: 

Important: Itemized costs on Home Improvement Contracts (HICs) are required for these updates.

• PPW Limit for Solar Only Projects: $7/watt
  • Energy efficiency and MPU add-ons are included in the $/watt listed above
• PPW Limit for Solar + Roof Projects: $10/watt
  • Itemized roofing costs are required on your Home Improvement Contracts
• PPW Limit for Solar + Battery Projects: $11/watt
  • Itemized battery costs are required on your Home Improvement Contracts
• PPW Limit for Solar + Roof + Battery Projects: $12.50/watt
  • Itemized roofing and battery costs are required on your Home Improvement Contracts

All non-solar add-on items can be included in all options above, subject to the 15% cap. 

Yes, all SunSaver™ loans qualify for Sunlight Rewards®. If an installer is enabled for Sunlight Rewards® and the sales representative is enrolled in the program, they will earn points for every SunSaver™ deal that reaches installation. Points earned from SunSaver™ loans are also tier qualifying, and the amount earned depends on the representative’s tier status.

You can download the payment factors here.

Yes, you can download a one pager that provides a brief overview of SunSaver™ here.