Dividend Solar

Dividend Solar

 4.5/5 (643 reviews)
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Overall Rating4.5 out of 5
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About Dividend Solar

Dividend Solar is committed to offering a better way for homeowners to go solar. With zero-down financing, you can save money on your utility bill from day one. Dividend Solar strives to provide customers and partners with a high-quality solar experience. With a simple, paperless application process, it can pre-qualify homeowners in just a few minutes.

    Pros & Cons


    • Certified installers
    • Multiple solar loan options


    • No lease or PPA options

    Bottom Line

    Dividend Solar specializes in solar financing loans that make solar power systems affordable. Dividend Solar doesn't offer leases or PPAs, so it's only an option for those who want to own their solar power system.

    Top Dividend Solar Reviews


    Easy to work with, hardly any problems. My only complaint is that it's tedious to make a non-scheduled extra payment, especially if you do it regularly, for you have to add your c...

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    The Dividend Solar team were very accommodating through the purchasing process. The sales person was very knowledgeable about the product. ... I would recommend this company to an...

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    What is Dividend Solar?

    Dividend Solar is a solar power financing company that offers a variety of loan options for people interested in investing in renewable energy and solar power systems. Most customers get solar financing loans between $15,000 and $50,000.

    Dividend Solar designed its loan process to be as stress-free as possible. Clients get instant credit decisions, can apply and be approved for loans online and are able to make automated payments. Dividend Solar loans come with fixed rates, tax benefits and no prepayment penalties.

    The company partners with more than 700 solar installation businesses to help clients obtain high-quality solar power systems. However, Dividend Solar does not directly handle the installation — a third-party company installs the system, and you must communicate with that business to complete the project.

    Dividend Solar finance options

    Dividend Solar offers three solar loans to choose from in addition to commercial PACE (property assessed clean energy) loans.

    • The EmpowerLoan and EmpowerPlus loan options let consumers purchase solar panels without paying any money upfront. These loans have flexible financing terms and fixed payments.
    • Dividend’s Solar + Storage loan option is useful for homeowners who are interested in financing solar panels and battery storage equipment. Homeowners can finance both AC and DC systems.
    • A PACE loan allows business owners to finance solar panels and other energy-efficient upgrades on privately owned commercial property.

    Dividend Solar FAQ

    What does Dividend Solar do?
    Dividend Solar provides financing for solar power systems and energy-efficient improvements. It also partners with more than 700 solar energy companies to sell and install solar power systems.
    Where are Dividend Solar services available?
    Dividend Solar is currently available in Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Maryland, Massachusetts, Michigan, Missouri, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Oregon, Rhode Island, South Carolina, Texas, Utah, Virginia and Washington, D.C.
    Does Dividend Solar have any accreditations or affiliations?
    Dividend Solar is affiliated with:
    • The Solar Energy Industries Association (SEIA)
    • National Roofing Contractors Association (NRCA)
    • Smart Electric Power Alliance (SEPA)
    • Women in Solar Energy (WISE)

    Dividend Solar requires all of its solar installation contractors to be professionally licensed and certified through the North American Board of Certified Energy Practitioners (NABCEP).

    Are solar panels available from Dividend Solar?
    No, Dividend Solar is a loan provider and does not sell solar products.

    Is Dividend Solar worth it?

    Dividend Solar is a smart fit for homeowners who want to save money on their utility bills with solar panels and pay for the equipment over time. Its network of loan providers and solar power system installers makes it simple for you to finance and install your solar power system. Dividend Solar applications and payments are online and efficient. The company has multiple financing options and partners across the country, so there's a good chance Dividend Solar can help you fill your solar energy needs.

    Dividend Solar Reviews

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    Page 1 Reviews 0 - 10
    Verified Reviewer
    Original review: July 3, 2021

    We went through all the right paperwork from Dividend to transfer the loan while selling our house. It has been 90 days and both the parties seller and buyer has all paperwork done and submitted but dividend never transferred the loan. The loan transfer department I believe his name is John, never calls back. The phone representative never have a clue about the case. Horrible company. Because of this horrible experience I will never buy solar again and will warn everyone about it.

    Dividend Solar response

    Hello Shahzada, We are very sorry to hear about your experience with Dividend Finance. It appears that we did call you recently regarding the status of your agreement. Our team would be happy to discuss this further with you if you have any questions by emailing homeowners@dividendfinance.com, or calling us at 844.805.7100. Thank you.

    4 people found this review helpful
    Verified Reviewer
    Original review: April 26, 2021

    Dividend Financial is a poor business partner. While trying to get the loan paid off through the sale of my house they assessed late fees because they never responded to the email sent 19 days ago. There is only one email address listed through the customer portal and apparently they don't check that email very often. When I called their customer support person he stated it should have been sent to a completely different email: billing@dividendfinance.com. This has caused a delay that can be very costly both to my personal account as well as delays in completing the escrow. They need to be more responsive and provide information on the website like how to stop and auto payment as well as where to send escrow inquiries. Aside from these issues with closing the company seemed satisfactory.

    10 people found this review helpful

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      Verified Reviewer
      Original review: March 18, 2021

      I am having the same experience as so many others. We were completely lied to by the salesman/company that sold our system. In fact, the salesman is in prison now, and the company has reorganized to avoid all the faulty installs. We were sold the system on the incredible tax advantage, which when combined with solar production made it possible to “net out”, and reduce the payment to the average monthly I pay for electricity. Then in 9 years because of the tax advantages, I could have the system paid off. We were made so many promises and none of them were true. We were sold Solar Edge inverters that have a terrible track record, and the installers have been unable to find why half my system does not produce any power.

      If I had the money and know how, I would start a class action, which would include Dividend, Solstice Energy, the Utah Solar Company. We are being tied to these awful contracts that are being sold by snakes that sell, sell, sell, and disappear with their riches. I copied this from another user: This is my exact experience. "I was paying $89 a month for my electricity.. Now I have a 20 year loan and paying $245 for 20 years plus electricity $35 more.. I was lied to by the company that first sold me the panels and DIVIDEND are completely aware that this company are lying and locking you into this loans. The company that sold me my panels are out of business and I'm stuck with a loan for 19 more years.."

      Dividend Solar response

      Hi Joshua, First off we wanted to say that we are sorry to hear about your experience and thank you for bring this to our attention. We take claims of fraud very seriously here at Dividend Finance. Can you please send us a private message with your first and last name and the best phone number to reach you at? Thank you.

      6 people found this review helpful
      Verified Reviewer
      Original review: March 15, 2021

      We are about to lose our deal we are selling our home. The potential buyer have been reaching out with the necessary paperwork to get qualified to take over the solar panels and Dividend have been carrying them about in circles. They have provided the necessary paperwork which they have required on the paperwork to assume the loan. We are just tired and stress out over this process. We going into the third week. We have been really patient. The worst thing we could ever have done was to get solar PANELS.

      Dividend Solar response

      Hi Alisteir, First off we wanted to say that we are sorry to hear about your experience. Can you please send us a private message with your first and last name and the best phone number to reach you at? Someone from our customer success team will be reaching out to you shortly. Thank you.

      7 people found this review helpful
      Verified Reviewer
      Original review: July 28, 2020

      The potential of going green, even at no savings was too good to be true. My system is way too small to take away nearly any of my energy bill, and the price I paid I’ll never recoup. On top of that, Married with 3 kids, my tax liability was not enough to get The money I was supposed to put towards my loan, no keeping the original monthly price of $100 more a month. I’m 2 years into having this loan and till yet to recoup the “rebate” that is really just a tax liability break. I pay as much for my electric bill with more than my electric bill every month paying off a solar system that does me no good. Worst purchase I’ve ever made, and an extremely costly one.

      Dividend Solar response

      Hi James, Thank you for taking the time to provide us with feedback. We are so sorry to hear that you had a negative experience with Dividend. Can you please send us a private message with the email associated with your account? Once we have this, someone from our Customer Success Team will be in contact with you to discuss your concern offline.

      5 people found this review helpful
      Verified Reviewer
      Original review: April 2, 2020

      Greed and customer neglect during COVID-19. Before the coronavirus My family and other families in our area have been using Dividend Solar for years now. During the pandemic we reached out to see if they’re doing anything to help homeowners. They initially say yes on the phone and take down your information but end up sending e-mail saying will not show any Leniency during difficult times. Do yourself a favor. Chose a solar company that treats their customers better.

      Dividend Solar response

      Hello Sap, During this time of uncertainty, we remain committed to our customers and being there to provide you with the best possible service. Hence, we are so sorry to hear about your recent experience with Dividend and would like to resolve this situation. We are unable to find your contact information, so we will be sending you a private message to ask for the best phone number to reach you at in order to discuss this offline. Thank you.

      5 people found this review helpful
      Verified Reviewer
      Original review: March 13, 2020

      Dividend Finance financed my solar panels and wow the ease of setting payments and excellent customer service. 100% would love to use them on any home I buy In the future!!! Also just the ease and how simple they make it and let alone how friendly the folks are.

      2 people found this review helpful
      profile pic of the author
      Verified Reviewer
      Original review: March 12, 2020

      We are in the process of purchasing a home that has a solar electrical system financed by Dividend. Just attempting to inquire about assuming the loan I discovered 1. long hold times. 2. representatives who are short, snippy, and just don't seem to care. 3. incorrect information regarding system warranties, etc. To me, this all says Dividend is one of those "zig hile" companies where cash is king and everything else (including customers) can take a hike. I believe we will just pay off the solar system and steer clear of Dividend. P.S.: Dividend, if you dislike being informed on, get your issues squared up!

      Dividend Solar response

      Hello, We are sorry to hear about your experience with Dividend Finance and appreciate you giving us the opportunity to fix this situation. We will be sending you a private message momentarily so we can reach out to you to discuss your concern offline. Thank you.

      5 people found this review helpful
      Verified Reviewer
      Original review: March 7, 2020

      Everyone involved with the loan process to put up the solar panels. Had great customer service!! Questions were answered quickly & everyone was absolutely professional. Project manager was very thorough with checking for permits & moved immediately. Had to wait for electric company to make the switch. Go with these guys - You can’t go wrong!!

      Be the first one to find this review helpful
      Verified Reviewer
      Original review: Feb. 13, 2020

      I am writing this as buyer beware. This company ripped me off. I got a loan through them not too bad of an interest rate however there was a clause that I have to pay them $265.10 for 13 months. I called them very soon after signing the contracts. In actuality I never signed myself. The solar company just pushed the application through on their laptop at my kitchen table. Either way I did agree but when I call Dividend Finance to see if I could pay the lump sum payment their representative told me on the phone directly that I have no choice but to wait the 13 months to pay the lump sum payment. I did have the money in the bank at the time and still do.

      I knew the lump sum payment was coming up so I called to get my logon information for their payment portal. At that time the representative stated, "Oh no you could have made the payment any time and it would have activated the account so that the payments of $265.10 would have done towards your loan instead of pure interest." Now I know some people need to have that period to pay I did not there purely ripped me off. Now I am not saying they are in practice of doing that with everyone but they did it to me. Who knows if they won’t do it or something else to you. I have paid them as soon as I found this out. They supposedly did an internal investigation to say that all my phone calls to them have disappeared so they have no proof I ever called them in the first place me. I will continue to tell everyone about the business practices of this company because they are wrong.

      Dividend Solar response

      Hi William, We are sorry to hear about your experience and this misunderstanding. Someone from our Customer Success Team will be reaching out to you shortly to discuss and provide an update. Thank you.

      6 people found this review helpful

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        Dividend Solar Company Information

        Company Name:
        Dividend Solar
        Company Type:
        3661 Buchanan Street, Third Floor
        San Francisco
        Postal Code:
        United States