Financing

Solar financing for residential systems are processed though our network of alliance lending partners. Bliss Solar, LLC provides funding for solar projects, battery storage  and additional home improvements such as roof repair or upgrades. In most cases we offer no money down financing contingent on the customer’s credit.

Traditional lending customers with a minimum FICO score of (650) and income verification can take advantage of hassle free fast secure online credit approval within minutes. Customers with a FICO credit score of (750) or more may qualify for large scale project finance upwards of $100,000 dollars.

Customers with verifiable income and a minimum FICO score of (550) are considered high-risk, but may qualify for project financing with a maximum project size of $20,000. Specific credit criteria must be met for this type of lending. Talk with a Bliss Solar representative to learn more about this option. 

Even when a customer has great credit lenders still consider various parameters such as debt service coverage ratios. Basically, this takes into account balances with existing  credit cards, mortgages and personal loans. Sometimes adding more debt may not be plausible and the bank can reduce or decline a request.

On a positive note, if the applicant has a co-applicant/co-signer such as a spouse or family member living within the physical project residence this may help the approval process by leveraging the credit and income of the co-signer. 

Required documents for lender underwriting will include proof of income, proof of property ownership, and in some cases tax returns and other documentation may be required. In the case of investment properties, proof of incorporation or entity documents will be necessary.  Properties held in trust also require additional paperwork. 

Important note for investment properties concerning Federal ITC tax incentives, the property owner must reside in the home at least (9) months of the year and provide documented proof. 0