Before applying for a solar loan through Skylight Lending, it’s important to understand which loan types are available and the qualifications needed. This article outlines everything you need to know about eligible loan types, system criteria, income and credit qualifications, and property requirements.
Skylight Lending offers several types of solar-related financing options:
| Loan Type | What It Covers | Min / Max Amount | Notes |
|---|---|---|---|
| Solar Only | Solar panels only | $10,000 - $150,000 | Must be the only system on the roof |
| Battery Only | Solar battery only | $10,000 - $50,000 | Up to $2,500/kWh. Electric adder limited to $5,000 |
| Combined Loan | Solar + battery and/or roofing | $10,000 - $150,000 | Roofing may not exceed 50% of loan |
In our borrower eligibility we will check if you are eligible to be one of our borrowers in Skylight Lending. We have the requirements listed bellow
| Category | Details |
|---|---|
| Identification Category |
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| Credit Requirements |
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| Income Requirements |
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| Auto-Pay Discounts | Borrowers receive a 0.25% rate discount for enrolling in automatic payments. |
The following requirements outline the types of properties that qualify, as well as ownership and lien conditions, please review this information to ensure that your property qualify:
| Category | Details |
|---|---|
| Eligible Property Types |
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| Ineligible Property Types |
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| Ownership & Title |
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| Liens, Taxes & Property Value |
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