Dividend Solar Reviews

Horrible company. Stay awayyyy. I strongly recommend that anyone considering financing through Dividend Solar/Dividend Finance read the loan terms very carefully. My experience has been extremely disappointing. When I signed up for my solar loan, I was told one thing by the sales team, but after about a year I discovered that my monthly payment had increased. This came as a surprise and was never clearly explained to me during the sales process.

I supposedly bought my system through Sun Run, who filed local permits, etc. They said my payments would be so much for 25 years. Now I find out that beside only applying interest only all these 7 years, that Sun Run doesn't even shoe me as a customer via phone number or email address. I would say that I now have an illegal contract.

I have a lot of problems with this company. A door-to-door salesman pressured my wife to buy solar panels, and she went for it, thinking it would be a good investment. I eventually came on board with the idea as it dramatically lowered our utility bill. But, where it really becomes painful is when you have to sell your house. The loan is technically assumable for other buyers, but buyers have to qualify for a loan for the house and for the solar loan. Most people aren't able to do this and are afraid of dealing with the solar loan. This has delayed the sale of our house for several months. Out of desperation, we're having to use the proceeds of the sale of the house to pay of the loan at closing. This solar panel "investment" is pure BS. Their sales practices are deceitful, and they have caused us financial pain.

If I could give less than a 1 star review I would. DIVIDEND is the WORST!! If you are thinking of financing your solar panel system do NOT use DIVIDEND. They do not act in good faith. The Buyer for my sellers home is well qualified. No debt with very high fico scores. They are impeding the sale of this home!!

Stay away from this company. They are absolutely without compassion of any kind and their customer service is despicable and useless as they only provide you information at a time and in a way that serves their purposes only. My mother passed away and they refused to work with us to get her loan back on track in any way all the while charging late fees. They also stretch these payments out for so long that the cost of the loan is absurd. Avoid them like the plague.

This Company financed a $64,700 at 8.99% Solar loan since 2023 and to the date, we have no solar working and never have had solar working. They keep giving me the runaround but they still demand there payment every month. I have finally stopped paying and now all I get is there billing department calling me, yet they have no idea, that we have a "project resolutions manager" that has resolved nothing in two years!! I am ready to join any legal action there is against these scammers and there are already many lawsuits against them.. Stay away from them!

We are selling our house and all Dividend says is the loan cannot be transferred. No reason, nothing. The buyers have great credit 750 to 800. So why not. Multiple phone calls to Dividend with the same response. Can anyone ANYONE give me the exact reason why???? Dividends customer service is unprofessional. When the company claims how great their customer service is but in reality it is not. We have been at this for weeks with Dividend with unsuccessful progress.

Horrible company to try to do business with! We had Solar put in & financed with them. After one year of full & on time payments… Our PRINCIPAL ACTUALLY WENT UP 3k! Crazy.. but they said it was because it was a promotional period… They set the payment price & schedule & now a year later after paying thousands & interest rates going down even,. We owe them 3k more than we borrowed! Smells like predatory lending!! Avoid!!!

Probably the worst experience I have ever had with any company involving finance. Please save yourself the time and avoid them at all costs. Couldn’t get assumed a loan at 1.99% for 35k because of the system on a 500,000 house I am buying. I have a 810+ credit score and 0 debt. They also refused any sort of workaround to make this work, now I have to do a payoff if I want this house lol. Clarissa on their loan assumptions team was a miserable human being who took 0 accountability for submitting the loan the first time with insufficient documents and then told me to kick rocks and it was MY fault. I will never use this company and please, lord, if you are reading this, stay away from them. They are a joke and it makes sense they’re in a huge lawsuit. I hope everybody on their Assumption team gets canned. Worst service I have experienced.

WARNING: Stay far away from this finance company! Would have been zero stars if possible. Should you not follow this advice, read and understand every single word of any document/contract presented to you for a signature. I understand financing institutions need to make their profits from their loans but charging more than 8% APR on an apparent "8-year loan" will drastically lengthen it with a revolving door of interest and set you up for a lengthy, financial nightmare. This company and the business they run are surrounded by unethical processes. It's no surprise they are part of a big lawsuit currently for solar panel loans. Nearly 80% of the monthly payments will go towards a never-ending relinquished interest amount that will grow within 24 hours of processing your monthly payment for a continuous loophole, and then each and every day thereafter.

Please, please, stay away from these scammers. Run when you come across them. They trick you into signing the loan, and they start collecting payment even before installing the solar panels. I have been paying my loan for months, but my balance keeps getting higher instead of lower. Upon a closer look at my monthly payments, I realized that all of my monthly payments go only to interest and nothing to the principal. If they already got you, please look at your loan and do whatever you can to pay it off. Stay away from them if you're in contact with them.

Dividend Solar has engaged in deceptive, predatory, and unfair lending practices that have financially burdened my elderly grandmother, demonstrating a severe lack of ethics and transparency. She was misled into signing a loan agreement for solar installation under false pretenses, with critical financial details either misrepresented or completely omitted.

Rip offs. Negligent customer service. Thieves. Paid off loan to get my sanity back. Truly a scamming company taking advantage of its customers. Buyer beware. Years of Interest only payments. No principal payments. Get out asap.

Worst company you can borrow money from. Typical richer taking advantage of the poor with no consequences. No ethics, calling customer service is a waste, it is what it is. No payment plan, mayor life events they don’t show any humanitarian assistance or sympathy.

I’ve had a very frustrating experience with this company. The customer support has been poor, and when I spoke with James, he was rude and condescending. I cannot recommend this company. I will be paying off my loan to avoid any further frustration.

I had a very frustrating experience with this lender, especially in relation to their handling of my solar panel loan. I had solar panels installed on my home and I was shocked to find out with less than 24 hrs to close of escrow that they do not allow loans to be transferred to new owners that are not going to occupy the home. This information was not provided to me prior to securing the loan and the answer I received from Dividend was that they don't divulge that information unless the question is asked.

They told me I would receive 11,000 back on taxes, but I did not. I only received about 3,000. Now, I need to pay 8,000 out of my pocket, or they want me to pay 261.28 monthly for 30 years, plus some electricity. I still get prom PSE&G. They lied to me; I will sue them.

My experience has been horrible. This company has destroyed any equity in my home and I’m gutted to have been taken advantage of like this. Currently have been trying to sell my home and it has been a nightmare. Nothing was properly explained and I have asked many times to be shown the documents that I have “signed.” They let my first month’s payment lapse and accumulate a late fee for THREE months totaling in over $600 (even though I had made multiple monthly payments at this point they waited to tell me that my first payment “never went through” and refused to waive these fees and threatened me that the solar is liened to my home and if not paid they will take my home). I have decided to lawyer up and I just want to know if anyone else has sued them? What the process is like and if you were successful.

Scam company, partnering with bogus solar companies selling bad loans on mediocre solar system with little to no customer support. Shame on this fraudulent institution. If I could give them a zero I would!!

Dividend Financing is by far the worst company to deal with. I am a real estate agent that helped a client sell their home with solar panels and had a loan through Dividend. They refused to let the buyer assume the loan, who was very qualified to buy a $650k home forcing the buyer and seller to pay off the loan entirely. They also made the entire process very difficult by not letting anyone talk to them except for the buyers and sellers, who many times wanted my help but they would not authorize the real estate agents, or title reps to speak with them to help our clients. It was all very shady! They mention everywhere that they try to make this a smooth transaction but in my entire real estate career I have never dealt with a 3rd party company that is part of the sale of a house make it so difficult for the homeowners to simply sell their house. DO NOT TAKE A SOLAR LOAN THROUGH THEM!! They will make the sale of your home a nightmare! No company should have so much control on the process of selling your home!