Transfer Assistance
Designed specifically for real estate professionals, this comprehensive hub provides step-by-step instructions, downloadable PDFs, direct links to necessary forms, and up-to-date contact information for seamless solar transfer processing. Whether you need guidance on paperwork, assistance with navigating transfer requirements, or quick access to solar providers, our platform ensures you have everything at your fingertips. If you need further assistance, we also offer consultations over the phone to help guide you through any complexities.
Lenders
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GoodLeap follows a buyer-initiated transfer process. Since GoodLeap is solely a lending company, additional transfers may be required for the installer and inverter, each with its own separate process. Be sure to review all available options and the relevant information provided, including instructions for the buyer, seller, and escrow. Click the button below for more details on GoodLeap’s transfer process.
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This is a seller-initiated transfer process. Mosaic, a credit union, is known to be one of the most challenging lenders for solar transfers. Most credit unions have strict credit approval requirements for buyers, and since they are simultaneously applying for a home loan, their debt-to-income (DTI) ratio often prevents approval for the solar loan. While alternative options are available, please note that the process may take the full 30 days to complete. Click the button below for more details and available options.
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Dividend follows a buyer-initiated transfer process but also has specific requirements for the seller to complete the transfer approval. Since Dividend is solely a lending company, additional transfers for the installer and inverter may be necessary, each with its own separate process. Be sure to review all available options and relevant information, including instructions for the buyer, seller, and escrow. Click the button below for more details on Dividend’s transfer process.
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Sunlight follows a process similar to Mosaic, as it is also a credit union and seller initiated. Most credit unions have strict credit approval requirements for buyers, and since they are applying for a home loan at the same time, their debt-to-income (DTI) ratio often prevents approval for the solar loan. While alternative options are available, please be aware that the process may take the full 30 days to complete. Click the button below for more details and available options.
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Sunnova primarily operates as a lender but has also completed a number of installations. Be sure to review the contract to determine whether your system was solely funded by Sunnova or both funded and installed by them. This will determine whether the transfer can be completed entirely through Sunnova or if you need to contact a separate installer as part of the process.
If you need assistance reviewing the contract, we offer contract consultations through SCP to help guide you. Click the link below for more details on Sunnova’s transfer process.
Installers
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ION Solar installed the solar system and serves as the primary contact for questions and troubleshooting. This process is initiated by both the buyer and the seller.
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Tesla requires a seller-initiated transfer process. The seller must provide details such as the buyer's information, escrow name, and contact details. Click the link below for more information.
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Sunrun requires a seller-initiated transfer. The seller must provide the buyer’s and escrow’s name and contact information. Click the link below for specific details and email templates.
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“On August 5, 2024, SunPower filed for Chapter 11 bankruptcy protection and has entered into a stalking horse bid to sell its assets to Complete Solaria for $50 million.”
This is a seller initiated transfer, and will require information from escrow to be provided at initiation, please be advised that due to the bankruptcy filings, transfers may be delayed or more difficult at this time.
Inverters
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SolarEdge requires buyers to complete a form and pay a transfer fee. If the original installer is out of business, a certified solar installer must submit a site transfer for the buyer to monitor their system through the SolarEdge app. Without an installer, monitoring will not be possible. Additional fees apply for the site transfer, separate from the system transfer. For more details, click the link below.
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Enphase does require an owner transfer, and charges a fee. Additionally, If the original installer is out of business, a certified solar installer must submit a site transfer for the buyer to monitor their system through the Enphase app. Without an installer, monitoring will not be possible. Additional fees may apply for the site transfer, separate from the system transfer. For more details, click the link below.
Seller Instructions
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Most companies require the seller to initiate the transfer. We strongly recommend having your seller authorize you on their account, as this makes the process smoother by allowing you to check the status, receive updates, and communicate more easily. Many transfers also require buyer and escrow information, so be prepared to provide these details to your seller. Click the button below for pre-drafted email instructions you can send to your clients.
Buyer Instructions
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Although most transfers require the seller to initiate, some require the buyer to start the process. This may involve submitting an email, filling out forms on a website, or even downloading an installer app and creating an account. To help prepare your clients, we have drafted an email instruction template outlining what they need to do.
Additionally, buyers will need to download the installation or inverter app for system tracking and monitoring. Having the seller’s contracts on hand is crucial for identifying the installer and lending company, making the process smoother. We also recommend an inspection by SCP during the due diligence period to ensure the system is functioning properly.
Click the button below for the buyer instruction template.
Other Information
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If the property is being purchased as an investment property, or via LLC depending on the type of solar contract it may create road blocks or require extra documentation in order to proceed. Click the link below for more information
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Has the owner of the property being sold passed away? Or are they in assisted living? Clink the links below for more detailed information on how to handle your solar transfer.
Escrow Instructions
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Most companies require two separate emails from the escrow agent: one for the UCC filing release and another providing proof of title at closing to complete the transfer process. Please ensure your escrow agents are aware of these responsibilities. Click the link below for pre-drafted email templates designed to streamline the process and help your agents complete it more efficiently.