PEP Solar Phenomenal Installer By Generac Celebrating 65 Years
Pepsolar is excited to introduce the BrightStar Lease, offering a simple and affordable solar financing solution. Powered by Service Finance, this program makes switching to clean energy easier than ever.
Initial lease term
is 25 yearsÂ
30% tax credit applied
upfront to reduce costÂ
Lease may be renewed
after initial term endsÂ
System may be
purchased at year 6
No down payment
or deposit requiredÂ
Homeowners only receive
bill after PTOÂ
O&M included
throughout initial term Â
Warranty included
for initial termÂ
Lease may be transferred
at home sale
No, it’s stated income only. One homeowner can use the combined household income or add a cosigner.
No, the lease is owned by BrightStar Leasing, but homeowners do have an option to buy in year 6 after the tax credit period has ended. Homeowners can also pay it off early with a discount or remove the system for free after year 25.
None needed, BrightStar is offering a 25-year warranty on key solar products like panels, inverters, and batteries ensures that the equipment is reliable and meets performance guarantees. This long-term warranty covers any inherent defects or performance issues, giving both installers and end-users peace of mind.
The escalator rates in BrightStar leasing options are fixed at 3.5%, providing a predictable and manageable increase in lease payments. This stability is crucial for long-term financial planning and budgeting in solar projects
There is not lien on the home but there is a lien on the equipment (UCC Statement) which transfers to the next homeowner and does not require to be paid off when they sell the home.
Yes, BrightStar requires proof of equipment monitoring and testing to prove system is working as a stipulation.
Yes, proof of homeownership may be required.
Yes, Co-Applicants are welcome and can increase the likelihood of approval. Only 1 homeowner is required.
California, Arizona, Utah, Texas, Florida, D.C., Maryland, and Virginia. Future expansion in the coming months.
Have the rep call the concierge at 877-661-6793 to have docs resent
Yes, a Terms and Conditions call will be conducted at Document Signing.
Single Family Residences only.
650+ Fico Score and $6,000 stated monthly household income.
The BrightStar Lease is for Solar PV only. You cannot add other home improvements such as roofing costs into the lease but you can take a Service Finance loan for any additional work that is required.
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