Frequently Asked Questions
- How do I apply for a BrightGrid solar lease?
- How difficult is it to get credit approval?
- Who is responsible for operating and maintaining the system?
- Can I buy the solar energy system before the end of the lease term?
- What happens if I sell my house?
- If I lease, will I still benefit from state and federal incentives and other rebate programs?
- What happens at the end of the lease term?
- How do I apply for a BrightGrid solar lease?
The BrightGrid application process is simple. We will provide you with an online credit application that should take about 15 minutes to complete. Once submitted, you will be notified of our credit decision within 24 hours
- How difficult is it to get credit approval?
Our credit decision is based on verification of income and employment, as well as information obtained from consumer reporting agencies. If you pay your bills on time and have good credit you will likely be approved!
- Who is responsible for operating and maintaining the system?
Your lease agreement includes system output monitoring, theft and damage insurance, equipment repairs, inverter replacement, and a limited system output warranty
- Can I buy the solar energy system before the end of the lease term?
Yes, you will have the opportunity to purchase the system after the first six years of the lease agreement. You will also have the option to purchase the system if you sell your home
- What happens if I sell my house?
You will be able to transfer lease payments to the new homeowner, provided the new homeowner qualifies for credit. Alternatively, you will have the option to purchase the solar energy system and sell it along with the house
- If I lease, will I still benefit from state and federal incentives and other rebate programs?
Yes, you do benefit from any incentives and rebates, which are factored into your lease agreement. Since you don’t own the system, all state and federal incentives are passed back to you indirectly in the form of lower monthly lease payments.
- What happens at the end of the lease term?
At the end of the lease term you have the option to purchase the system at Fair Market Value, you may extend the lease for another year, or you may return it to BrightGrid at no cost to you.
Have additional questions?
Call today to speak with a representative
646-374-0125
Reduce your grid dependence with solar energy and a BrightGrid Lease.
Make a real change towards a cleaner planet. The BrightGrid Lease puts the future squarely in your hands.