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Leasing and Financing Options

 Solar Financing and Leasing

With a SunPower Lease you can go solar and start saving on your electricity bill immediately with no up-front expense. You also have the flexibility to buy your system later, which can increase the value of your home.  And, Because SunPower has more than 25 years of experience and a proven record of industry leadership, you can rest assured that you will have the best solar technology powering your home.


Peace of Mind 

  • You know what you are putting on your roof — The Planet’s Most Powerful Solar
  • System Maintenance, insurance and performance guaranteed for 20 years
  • Professional installation from out best-in-class dealer network


  • Zero, partial or full prepayment plans available
  • Tailor monthly payments to meet your needs
  • Flexible end of lease options — renew the lease, purchase the system or request free removal










The newest lease from Sunpower is simply hard to beat.  The pricing improvement is so good vs. other competitor leases that we thought it must be a mistake.  We checked.  It isn’t.

Using Sunpower panels, Sunpower inverters, zero down lease with 2.9% escalator, we were able to shave $160 off of a $360 monthly electricity bill.  That is a whopping 45% reduction.

Don’t be fooled by other leases.

Make sure your lease has the following characteristics:

Zero Down
Zero Escalator – The lease payment never goes up or
Moderate Escalator that improves up front savings
Insurance covered by Sunpower
Maintenance covered by Sunpower
Power output Guarantee

And make sure it is installed by Heritage Solar, the go to Solar Company.

Call Heritage Solar At 866-960-9873

sunpower lease benefits2 1024x398 Leasing Has Never Been Easier


Call us at 866-960-9873 or fill out our request page:

Contact Heritage Solar




HERO Program – Heritage Sponsored Community Financing


Good for the Economy, Good for Homeowners, Good for the Environment

HERO Programs help local economies and the environment by providing homeowners with much-needed financing for energy and water efficient home improvements and renewable energy systems. Communities with HERO Programs have increased construction activity, created jobs, lowered utility bills, and reduced greenhouse gas emissions.

Through the HERO Program, homeowners can apply for low cost HERO Financing for home improvements such as installing solar, replacing an old air conditioning system, air sealing and weatherization, and installing insulation. Homeowners repay the financing through their property tax bill over the useful life of the installed products.

Woman with Contractor

HERO Program Basics

Renovate America partners with local governments to launch co-branded HERO Programs and provide HERO Financing within communities. Renovate America offers full service support and funding for HERO Programs.

  HERO Program Funding Local governments offer HERO Financing with no budget or allocation impact; Renovate America supplies low cost, sustainable funding through our innovative financing approach.  
  HERO Program Technology Renovate America provides local governments with co-branded program websites, online applications with quick approvals, and eligible product lookup engines.  
  HERO Program Services Renovate America leads program design processes, simplifies program administration, and offers on-going service and support to local governments, homeowners, and contractors.  
  HERO Program Marketing Renovate America launches contractor and homeowner marketing campaigns and public relations outreach in order to facilitate strong community participation rates.  
  HERO Program Operations Renovate America efficiently handles day-to-day program operations with our staff of processors, underwriters, and funding managers.  

Eligible Products

Clean Energy Graphics

  • Heating Cooling and Ventilation (HVAC)
  • Insulation
  • Cool Roof System
  • Air Sealing and Weatherization
  • Water Heating
  • Windows, Skylights, and Doors
  • Pool Equipment
  • Lighting Measures
  • Renewable Energy
  • Water Efficiency
  • more information about eligible products

Clean Energy Graphics



Financing for Home Improvements that Make Sense

HERO Financing is low cost financing for energy and water efficient products and renewable energy systems. HERO Financing enables homeowners to improve their home energy performance, lower their utility bills, and reduce greenhouse gas emissions.

HERO Financing is offered through local governments’ HERO Programs. Before a homeowner can apply for HERO Financing, their local government must launch a HERO Program.

  • Quick Approvals – Applications can be approved for qualified homeowners through their local HERO Program online application or when contractors call-in applications.
  • Non-Credit Based Eligibility Criteria – Homeowners’ credit scores are not a factor in determining HERO Financing eligibility.
  • Low Cost Financing – HERO Financing has low interest rates that are fixed throughout the length of a homeowner’s financing term.
  • Long Financing Terms – HERO Financing can be paid back over 5-20 years, depending on the useful life of the eligible home improvement.
  • Easy Repayment – Homeowners repay the financing along with their property taxes.

How HERO Financing Works

A homeowner in a participating community can apply for HERO Financing through a contractor or online on their local HERO Program website. Once approved, the homeowner works their contractor to select eligible energy and water efficient products or renewable energy systems to install. The homeowner then signs Financing Documents and the contractor starts work. When work is complete, the homeowner and contractor request HERO Financing funding. The contractor is paid through the local HERO Program. The homeowner pays back the financing through their property tax bill.

  • Apply
  • Product Approval
  • Sign Financing Documents
  • Install
  • Payment Issued
  • HERO Financing application is short and simple
  • Minimum credit scores and property appraisals not required
  • Quick approval for qualified applicants
  • Apply online, through contractors, or by mail

Solar Financing and Leasing

You’ve made the Right Decision to buy a solar system, now choose the smartest Way to Finance it!

Solar Financing and Leasing Options

We have many financing and leasing options available.  We can taylor a program that will fit your needs.  The best Leases on the market are from Sunpower and Clean Power Finance.


SunPower Leases offer:*

  • No down-payment
  • Low monthly payments
  • SunPower Energy Assurance™—performance guaranteed, or your money back
  • Unique early buy-out opportunity if you decide to buy system before end of term
  • Flexible options at end of lease term—renew, buy or return the system

SunPower Loans offer:

  • Simple interest, unsecured financing
  • Long term—20-year (you can also pick 5-, 10-, or 15-year terms for slightly better interest rates)
  • Low rates—From 7.99% on 20-year loans (from 5.24% on 5-year loans)
  • No balloon payments
  • No pre-payment penalty
  • No annual escalator
  • One-time principal pay down within 18 months—use your ITC to lock in a low payment for the term of the loan
  • When it’s paid off, you own it—and you have free electricity for life

Solar Financing by Clean Power Finance

Clean Power Finance facilitates as much as $1 million in residential solar project financings per day.

“We were sick of losing deals to competitors who could offer a PPA or lease. After a few months of working with Clean Power Finance, our business has tripled.” – Barry Wardak, President California Solar Systems

We offer the following residential solar finance products:


Allows the homeowner to lease their solar PV system – saving money on their electricity bill, and avoiding the burden of ownership and maintenance.

Power Purchase Agreement (PPA)

Allows the homeowner to simply pay monthly for the electricity generated by the solar system – saving money on their electricity bill, and avoiding the burden of ownership and maintenance.


A power purchase agreement with operation and maintenance of the system included, where the homeowner pays the total amount of the contract up front in order to lock in the lowest rates for electricity.

Solar Home Equity Line of Credit (HELOC)

An option for homeowners who prefer to own the system, this line of credit taken is designed specifically for purchasing a home solar system, and allows the homeowner to deduct interest from his taxes.

Home Improvement Loan

A secured 20 year loan that offers installers easier processing and lower homeowner qualification criteria than most other secured products. This product’s 20 year term combined with simple interest and competitive after tax payments make it very attractive to homeowners.

If you are an investor or lender interested in deploying capital in residential solar projects, please contact our Renewable Capital Markets team.


Clean Power Finance currently offers residential solar lease and PPA products in California, Colorado, New Jersey and Massachusetts.

Clean Power Finance

Leasing Has Never Been Easier

Introducing the New Sunpower Lease 

Heritage Solar has evaluated a number of leases for solar over the past few years and found many of them to be very good for the leasing company and very bad for you. Recently, however, Sunpower produced a great lease which is one of the best on the market. 


Call Heritage Solar today for your Zero $$ down Lease estimate.  For More information on the Sunpower, no money down lease, Contact Heritage Solar, Inc. 

Questions for homeowners to ask if considering a Solar Lease or a Solar Power Purchase Agreement

In 2008 new financing options for homeowners wanting solar systems were introduced in California. These options were designed to overcome the biggest obstacle to potential solar users: the first cost to acquire the system. For typical residential solar installations the cost is around $40,000 but after tax credits and state rebates it is usually around $25,000 in out-of-pocket expenses. Most homeowners pay cash or finance the purchase.

For homeowners who are considering one of the new leasing or power purchase methods, there are important considerations because these homeowners will not own the system. The system will be owned by the leasing company or the power purchase company.

How does a lease or power purchase agreement work?

– A lease allows a customer to make a monthly payment over a fixed term, like 5, 10, or 15 years. At the end of the term the homeowner will have the option of paying for the remaining value of the system or having it removed. Interest is charged on the balance of the value of the solar system for the duration of the lease.

– A power purchase agreement is a long term contract to buy electricity produced by the solar system. The term of the contract is typically 15 to 20 years. The site owner does not own the solar system during the term of the contract. At the end of the contract the homeowner will have the option to purchase the system for the remaining value of the system or having it removed. Some of these contracts also allow a customer to purchase the system before the end of the term of the contract. The cost of the electricity from the solar system may escalate over the term of the contract and the escalation rate will be specified in the contract. The escalation rate may or may not be at the same rate that the local utility will charge over the same period. The homeowner will still be a customer of the local utility and purchase electricity from the utility when the solar system does not produce electricity (such as overnight or on a cloudy day).

In both a lease or power purchase agreement, the company receives both the tax credit and any state rebates.

Do state or federal regulations govern these leases or power purchase agreements?

Not at this time. These financing options are a new development in the retail solar market. Power purchase agreements have been used successfully for transactions between wholesale power generators and utilities. They have also been used successfully in large commercial solar installations since 2006. The terms and conditions of the commercial power purchase agreements are negotiable and most commercial projects are reviewed by the customer’s attorney(s) and accountant(s).

Legislation recently sent to the Governor’s signature (AB 2863, 2008) will establish disclosure requirements for residential leases and power purchase agreements. If the bill is signed into law, it will require:

1. A good faith estimate of the kilowatt-hours to be delivered by the solar energy system.
2. A plain language explanation of the terms under which the pricing will be calculated over the life of the contract and a good faith estimate of the price per kilowatt-hour.
3. A plain language explanation of operation and maintenance responsibilities of the contract parties.
4. A plain language explanation of the contract provisions regulating the disposition or transfer of the contract in the event of a transfer of ownership of the residence, as well as the costs or potential costs associated with the disposition or transfer of the contract.
5. A plain language explanation of the disposition of the solar energy system at the end of the term of the contract.

AB 2863 will also require that the leasing or power purchase company:

– Record a notice on the title of the property. If the contract is terminated or sold, they must file a new notice.
– Must provide a copy of the contract to a prospective buyer of the home if the homeowner is selling their home.

Questions to ask if a homeowner is considering a solar lease or solar power purchase agreement

Since homeowners do not usually have an attorney and accountant to review the agreements, the following questions are good questions to ask if they are considering a lease or power purchase agreement to have a solar system installed on a home. Getting these questions answered in writing will help the homeowner in the event that a dispute develops later about the terms of the arrangement.


1. Who is the installation company? (Not all financing companies have a contractors’ license so they will contract with an installation company to perform the construction work.)
2. Does the contractor have a license to install solar?
3. Does the contractor have workers’ compensation insurance?
4. Is the contractor reputable and have a good track record for installations?
5. Can the contractor file a mechanics lien against the house?
6. Is there a separate contract for the installation of the system?

Contract terms

7. What is the assumed inflation (sometimes called escalation) rate for the solar electricity payments?  (If the solar electricity payments escalate faster than the utility electric rates can the homeowner end up paying more for electricity over the life of the contract because they bought a solar system?
8. Does the contract obligate the homeowner to buy the system at the end of the contract? How much will the homeowner be expected to pay at the end of the contract? (Some contracts will state that the homeowner must pay the fair market value for the system. What is the value of the system after 10 years? 15 years?  What is the actual cash price at the end of the term (not adjusted down for value of money)?
9. What happens if a homeowner refinances the house?  Are there any clauses or language in the agreement restricting this?   Are there any documents that the bank or appraiser will need?
10. Who is insuring the system in the event of damage (due to accidental damage to the home or vandalism, for example)? Does the homeowner have to pay for any or all damages? What should the homeowner report to their insurance company? Assuming the company insures the system, will the homeowner receive a certificate of insurance naming the homeowner on the company’s insurance policy?
11. Who is responsible for the warranty of the system?  Is the warranty to the homeowner from the installer or is the warranty from the installer to the leasing or PPA company? Who does the homeowner file a claim against if there’s a problem, like a roof leak?  Has the company had any claims?  How have they been handled?

Terms of the Contract

12. Are there any costs to buy out the lease or PPA early in the first 5 years?  If the homeowner buys out the lease or PPA in the first 5 years will they have to also pay the company for the loss of the tax credits and depreciation?
13. What is the implicit interest rate that the homeowner is paying in the lease/PPA?
14. What happens if the homeowner needs a new roof and the system needs to be moved? Who will cover the module warranties if the modules are moved? (Many module manufacturers void the warranty if the modules are moved).
15. Whose responsibility is it to restore the roof and replace shingles or tiles if the homeowner decides to have the system removed at the end of the term?

Sale of Home during term of Contract

16. What happens if the homeowner sells their home?
17. Can the contract be sold or assigned to someone else if the house is sold? What is the qualification process/what are the requirements for a new party assuming the lease/PPA?
18. What if someone who wants to buy the house but doesn’t qualify to assume the lease/PPA?
19. What if someone who wants to buy the house but doesn’t want the solar system?

System Performance

20. Does the company provide production guarantees?  How is that tracked and does that affect the monthly payments that the homeowner makes (i.e., will the monthly payment be adjusted if the system underperforms?
21. Is the homeowner responsible for any of the maintenance or monitoring?
22. Assuming the homeowner monitors the system, if there are production issues what is the company’s response time?

Fiscal condition of the Financing Company

23. Is the company financially sound?
24. Can the company sell the contract to a new entity?  Will the homeowner be notified?
25. What happens if the leasing company or PPA company goes out of business?
26. Could the system be repossessed or removed if the PPA/leasing company gets into financial trouble?
27. Does the company maintain a reserve account for repairs? How much is set aside for repairs and are the funds kept in an escrow account?