How to Qualify with SunSaver
Follow the steps below to qualify for SunSaver financing.
Step 1: Scroll down to the financing section of the proposal and select Financing (Fully Integrated).
Step 2: Select “Sunlight Financial” to use SunSaver’s financing products.
Note: If you are approved for SunSaver and already connected with Sunlight in SubcontractorHub, the SunSaver product type will automatically appear in proposals where applicable based on state allocation by Sunlight.
Step 3: Select your customer’s utility from the “Select Utility Company” dropdown menu, then click “Update”.
Step 4: From the “Product Type” dropdown select “SunSaver”.
Step 5: Open the “Finance Options” dropdown to select the financing option that suits your customer’s needs and budget. Click “Add Loan”.
Step 6: After selecting a financing option, the SunSaver finance card will be generated with details of the financing option. Click “Finalize”.
SunSaver Payment Items
APR (Annual Percentage Rate): The interest rate charged on your solar loan.
Annual Payment Escalator: Increases your payment amounts annually.
Term: Total duration of your solar loan in months.
Payment 1-16: Your initial monthly payments during the first 16 months.
Voluntary Payment of 30% of Loan Amount: Optional upfront payment if applying for the ITC.
Assuming 30% Voluntary Payment Paid by Payment 16: If the 30% down payment is made by Payment 16, the remaining installments (Payments 17–28) and final payments are recalculated on the reduced principal.
Assuming 0% Voluntary Payment: If no voluntary down payment is made by Payment 16, the remaining installments (Payments 17–28) and final payments are calculated on the full principal.
Step 7: Now the quote is finalized and your customer is ready to qualify for SunSaver’s financing. Click “Qualify” to qualify your customer.
Note: Clicking “Send Application To Homeowner” sends the qualification form to your customer via email. They can open the link from the email and qualify themselves.
Step 8: Enter the customer’s details, check the acknowledgement boxes and then click “Next”.
Step 9: Read the disclosures and check the acknowledgement box then click “Submit Credit Application”.
Step 10: Your customer’s credit score will decide whether they are eligible for SunSaver finance. If your customer qualifies, you will receive a congratulatory pop-up window. Click “Ok”.
Step 11: When a homeowner qualifies, the “Qualify” icon will transition to blue and read "Qualified".
