Equipment Purchase

Purchasing Your Solar Equipment

Everything you need to know about owning your solar system outright — whether you already have a loan or are considering buying out your lease.

Loan Customers

Lease Customers

Available After Year 6

Understanding your path to ownership

Your solar financing type determines your path to full equipment ownership. Loan customers already own their system from day one. Lease customers have the option to purchase their equipment at fair market value starting after year 6 of their lease. This article walks through both scenarios so you know exactly where you stand.

Loan Customers

01

You Already Own Your Equipment

If you financed your solar system through a Skylight Lending loan, you own the equipment outright. Ownership transferred to you at the time of installation — there is nothing additional to purchase.

This means you're responsible for the system and entitled to all its benefits, including eligibility for the federal solar Investment Tax Credit (ITC) and any applicable state incentives.

Please keep in mind that owning the equipment does not eliminate your loan obligation — your monthly loan payments remain due until the balance is paid in full. If you'd like to pay off your loan early, contact our support team and we'll be happy to provide your current payoff amount.

Already own your system? If you have questions about your loan balance, payoff amount, or payment options, contact our support team or log in to your account at app.skylightlending.com/login.

Lease Customers — Equipment Buyout

01

Eligibility: After Year 6 of Your Lease

Lease customers become eligible to purchase their solar equipment starting after year 6 of their lease agreement. This purchase option is not available during the first six years of the lease.

If you're unsure of your lease start date, you can find this information in your Home Monitor portal under the Lease Details section at app.skylightlending.com/login.

Did you know? Even before year 6, you can make voluntary prepayments toward your lease balance at any time. Prepaying can help reduce your overall balance and lower your payments over time. Contact our support team to get started.

02

Purchase Price: Fair Market Value

The purchase price for your equipment is based on fair market value (FMV) at the time of the request. FMV is determined internally by Skylight Lending and reflects the current value of your installed solar system.

Because FMV is assessed at the time you request a buyout, the price may vary depending on when you choose to exercise this option. Generally, the longer you wait, the lower the FMV as equipment depreciates over time.

03

How to Request a Purchase: Contact Skylight Support

To begin the equipment purchase process, reach out to our support team directly. We'll confirm your eligibility, provide your current FMV quote, and walk you through the next steps.

Phone: [phone] — Mon–Fri, 8AM–5PM CST

Email: [e-mail]

Online: Submit a support request through our Help Center

Heads up: Before initiating a lease buyout, we recommend reviewing your lease agreement in the Home Monitor portal under My Documents. Your agreement may include specific terms or conditions related to early or mid-term purchase options.

Loan vs. Lease — Quick Comparison

Feature	Loan	Lease
Equipment Ownership	Owned from day 1	Skylight retains ownership
Purchase Option Available	N/A — already owned	Yes, after year 6
Purchase Price	N/A	Fair Market Value (FMV)
Federal Tax Credit (ITC) Eligibility	Yes	Generally not eligible
SREC Rights	Customer retains SRECs	Skylight retains SRECs
How to Get Help	Contact Skylight Support	Contact Skylight Support

Note on tax credits after buyout: Once a lease customer completes a buyout and takes ownership of the equipment, eligibility for future tax incentives may change. We recommend consulting a qualified tax professional for guidance specific to your situation.

Ready to take the next step?

If you're a lease customer past year 6 and interested in purchasing your equipment, give us a call at [phone] or email us at [e-mail]. Our team will provide your FMV quote and guide you through the process.

Still need help?

We're here for you

Whether you want to understand your lease terms, get a fair market value quote, or just explore your options — our support team is happy to walk you through it. Contact us at [phone] or submit a support request.

Contact Borrower Support

[phone]
[e-mail]
Mon–Fri 8AM–5PM CST