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Top 5 Best Unsecured Financing Resources for Going Solar in 2020

We know finding the best unsecured financing company for solar can be difficult, so we put together this detailed list of the best of the best so you can make your choice wisely.  Each unsecured financing company has been in business for many years so it has been proven as a trusted company by consumers. As we all know, unsecured solar energy loans do not require collateral. Most homeowners can quickly qualify for unsecured solar energy loan programs, so they have to find the right company that offers the best programs that suit their solar needs.  There are various ways we can benefit from going solar, so we applaud your decision to start saving today. If you find another solar company that offers unsecured financing that should be listed here – or one that should be removed – please let us know!

1. Provident Credit Union

About: Provident Credit Union was founded in 1950 to represent the California Teachers Association and is currently the 100th largest credit union in the U.S. (21st largest in California). Provident Credit Union is headquartered in the San Francisco Bay Area and currently represents more than 120,000 members from over 1200 business groups and operates branches throughout California. Of more than $2.67 billion in assets, Provident has gained a reputation for total safety and soundness.

Services Offered: Enjoy a wide range of high-yield savings, money market, term certificates, and IRAs, including the Roth and Education IRA, low rate personal, solar, auto, RV, and home loans, choice of low or no-fee checking accounts, including their free Super Reward Checking that earns 1.51%APY1 and the very liquid Money Market Checking account, a nationwide network of branches, worldwide ATM network, ATM and Visa Check Cards for cash or purchasing convenience, signature Cash Back, rewards and low rate credit cards with no annual fee, online account access through online banking and mobile banking, digital Wallet service for a secure, easy, and private way make purchases with your Visa cards.

Toll-free 24-hour access to the account through Bill Payments by phone with telephone banking and electronic bill payments.
Deposit checks with e-Deposit virtually everywhere, zero liability fraud insurance guarantee, Monday through Saturday telephone service through our Contact Center, and 24-hour telephone lending.
Financial Consulting through our Investment Services department, auto loan refinancing; on-site and dealer car sales; and discount vehicle pricing for members only.
Membership extended by birth, marriage, or adoption to someone who is related to you and also offers perpetual membership

What Makes them Different: Best of Bauer Provident Credit Union One of the Nation’s Strongest Credit Unions


2. Energy Loan Network

About: Energy Loan Network is the smart choice for solar and energy efficiency financing. Lenders enrolled in their network offer the lowest monthly payments available, with fixed rates and no pre-payment penalties. Programs are flexible and have various term options offered to best suit every customer’s needs.

Services Offered: offers affordable term and payment to meet the client’s specific needs, the low-interest rate is locked in for the full term of your loan, a friendly representative would be ready to answer any questions and will walk you through the process each step of the way

What Makes them Different: has the lowest monthly payments available, with fixed rates and no pre-payment penalties


3. EZ Solar Loan

About: The company was established in 2012. The ezSolarLoan lending platform is brought to you by Community 1st Credit Union. As a credit union, the earnings do not line up the wallets of lenders and investors in hedge funds. Instead, they are returned to the company’s members in the form of lower fees and better rates.

Services Offered: talk to real, live customer service any time you need assistance, their credit union membership is open to all, fast approval process and loans can be approved instantly to get you started right away

What Makes them Different: A Leader in Solar Lending.


4. Dividend Solar

About: Dividend Solar is a leading regional renewable energy company and an energy-efficient financing option for property owners.  The company is giving its customers the ability to access renewable energy financing across a wide selection of funding opportunities. The EmpowerLoan, its flagship product, continues to extend its product offerings into the storage and home energy market.

Dividend also offers industrial PACE, which is a method of public-private funding for energy management, renewable energy, water conservation, and seismic improvements on private land.

Services Offered: fast, efficient and paperless application, customer service to answer any inquiries and able to make adjustments in days, not months

What Makes them Different: Dividend Finance is a leading provider of renewable energy and energy-efficient financing solutions to property owners.


5. LoanPal

About: LoanPal provides friendly financing options for those who dream of living a more sustainable lifestyle and want to save money using up-to-date technology. The company’s collective mission is to make a positive impact on the planet, build lasting relationships with their important partners and customers, and offer a tech-enabled lending experience that is simple, fast, and frictionless.

Services Offered: better rate guarantee, secure closing guarantee, and lifetime rewards guarantee

What Makes them Different: for every home loan they fund, LoanPal will provide someone in need with access to clean drinking water for 20 years.


What are your procedures for ensuring a contactless installation process?

Solar is installed on the roof or on the ground, and we already observed social distancing procedures. Our crews wear safety equipment including Personal Protection Equipment to prevent the spread of COVID 19 not only to our clients, but also within our crews.

How is the sales process if we cannot meet in person?

With just a few pieces of information about your solar project, we can design an online solar proposal for your review. We then set a time to review the proposal by phone or Zoom to answer any questions you have. The financing process is paperless and contactless, any hard copies are sent by Priority Mail/FedEx. All of the contracts and disclosures are contactless using e-signatures.

How is the permit process contactless?

Many jurisdictions are starting to allow online permit applications and communication is facilitated by email. Final inspections are still completed in person, but social distancing and PPE is used to prevent the spread of COVID-19.

How do we ensure our installation crews are COVID-19 free?

Any of our installers that show up to work with an elevated temperature, coughing, fever or other sickness, they are sent home until the symptoms have subsided.

Where can I find more information about COVID-19 and the Solar Industry?

Please check with the SEIA (Solar Energy Industry Association) on all of the latest developments and safety protocols in the solar industry.

Considering Going Solar? Solar Harmonics is Here to Help!

Most of our clients are looking for a company they can trust to help them go solar. Based on our decade in business, online reviews, and Diamond Certification, Solar Harmonics is the best choice to trust to complete your solar project on time, on budget, and with the expected results. It is our mission to design the best value solar panel system that produces reliably over the next 30 – 40 years, and saves the most money for our clients. If the financial goals of our clients intersects with the global and environmental goals of our founder, it is a win for everyone except the utility companies.  Contact us today for your free quote!

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