Our residential solar loan program is designed and underwritten as a consumer loan for individual homeowners. Because of this, we cannot approve residential loans for properties that are owned by an LLC, corporation, trust used as a business vehicle, or any other business entity.
If a property is titled in an LLC, it is treated as a business/commercial asset, not a personal residence for loan-program purposes, even if the customer lives there.
If the deed, tax records, or utility account show that the owner of record is an LLC, that property is not eligible for this residential program.
Title & Documentation Requirements
Residential loan documents must match the individual borrower’s name with the property deed.
If the deed lists an LLC:
The collateral is owned by the business, not the individual.
Additional business documentation would be required.
The structure falls outside our residential loan underwriting rules.
What Installers Should Do Before Submitting an Application
To help prevent delays and customer frustration, installers should:
Ask how the property is titled before submitting a residential loan application.
If the property is in an LLC, explain that our residential program cannot be used for LLC-titled properties.
Encourage the customer to speak with their own legal and tax advisors if they are considering changing how the property is owned.
Contact our support team if there is any uncertainty about eligibility before submitting the application.
Customer Options When the Property Is Titled in an LLC
Customers typically have two paths when their property is in an LLC:
Option 1: Switch to a Commercial Solar Loan (If Available)
If the bank offers a commercial solar loan program, the customer may be able to apply under that product instead.
Key considerations:
Underwriting is based on business financials, entity documents, and commercial lending standards.
Rates, terms, and requirements may differ from residential loans.
The installer must confirm that the project meets commercial program guidelines.
This is often the easiest path for customers who want to keep the property in an LLC
.
Option 2: Transfer the Property Out of the LLC and Reapply Residentially
Some customers choose to transfer title into their personal name to qualify for a residential loan.
Important Notes:
Customers must consult their own legal and tax advisors before making ownership changes.
The bank cannot provide legal guidance or guarantee approval.
A new loan application must be submitted after the deed transfer is completed and recorded.
When to Contact Installer Support
Reach out to us before submitting an application if:
You're unsure whether a property qualifies
The customer owns multiple properties
The property is titled under a trust, business, or partnership
You want confirmation before quoting financing
We are here to help ensure you submit applications that meet program requirements and avoid preventable delays.