Leasing Services

Leasing Your New Solar System in California

There are a number of different options available to finance your new solar system, such as:

Refinance

This is for those who are refinancing their mortgage.

Lease Changes

These often occur due to divorce, military relocation, one of the lessee’s passing away or taking a co-borrower off the loan.

Home Sale

The lease often changes when the home is sold. This has to be completed before closing.

There is a $100 fee associated with refinancing your system.
Subordinations are documents allowing the mortgage servicer to be first on the title. We don’t provide this document. We terminate our UCC as we are requested. A UCC 1 fixture filing is placed on the equipment. Oftentimes, title companies want a subordination of the filing. To help expedite the process, we will lift the UCC 1 and refile it after you refinance your home.
Your mortgage company can request a UCC 1 termination by sending a title report to refinance@sunpower.com. They will be sent a copy of the online termination. We don’t provide originals of the termination.
You cannot do an early buyout when refinancing your home. You can only purchase a system when selling your home or on the early buyout date.

You can initiate a lease transfer to a new owner by speaking to one of the customer service representatives. There is a form that has to be completed and assist the mortgage company on transferring the title to the new homeowners.
You need to give a 30-day notice when selling your home. We work to get the buyers approved as quickly as possible, but 30-days is ideal. We have to do a credit check and process the paperwork, which can take at least 14 days.
If the buyer is declined, we will try to do our best to approve the transfer. However, it isn’t always possible. In that event, a lease buyout will be required.
You cannot move a leased system to another property. You would have to purchase your system outright and then pay to have it moved.
A lease can only be assigned to someone who is going to live in the home and use it as their primary residence.