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Headquartered in San Francisco, California, Dividend Solar is a relatively newer company in the solar energy industry. Unlike many other solar energy businesses, however, this company sets itself apart by specializing in solar loans & financing. The company stands by its decision to offer buy and loan payment options to residential customers because there are certain advantages that come along with purchasing a system, such as tax credits and rebates.

The Good

  • $0 down EmpowerLoan
  • Certified installers
  • Warranty
  • Real-time performance monitoring

$0 Down EmpowerLoan & Dividend PACE

Possibly the most obvious advantage of working with Dividend is that it specializes in loans. It’s a great resource for homeowners who would rather purchase solar panels than lease them. Dividend’s EmpowerLoan is a financial loan that customers with good credit can qualify for. Dividend offers two types of loans: EmpowerLoan and PACE. Both loans are $0 down, have certified installers, a performance guaranty, a warranty, and can be paid off early. With these loans, customers can borrow money for a solar energy system (which can cost anywhere between $15,000 and $50,000).

The loan will likely come from one of Dividend’s investors, but as a direct lending firm, Dividend won’t charge you for paying off the loan early. Possibly the best part of this option is that all the money you spend is an investment toward full ownership of this energy-saving solution. If you are interested in getting started with solar right away, homeowners in every state that Dividend operates in can have a system installed for $0 down with the EmpowerLoan or PACE.

Certified Installers

It also bodes well for customers that Dividend requires its installation contractors to have professional licensing and certifications (NABCEP in particular). Some customers might hesitate to work with a company that hires local contractors to perform any work, but these qualifications should make Dividend a more reliable partner. Because Dividend requires its contractors to meet certain requirements, it’s more likely that you’ll receive a high-quality installation and be satisfied with the work done one your home.

Warranty

Dividend does include a 25-year warranty that covers repairs and defects, a performance guarantee, and maintenance services through its installation companies. The company also offers a 20-year workmanship warranty.

Real-Time Performance Monitoring

When you purchase solar panels through Dividend, you have the ability to monitor the progress and performance of your panels in real time. With this technology, you can also see how much money the panels are saving you, as well as the effect your solar system is having on the environment.

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The Bad

  • No lease, PPA, or outright purchase options
  • Focused on financing
  • Outsourced installations
  • Limited experience in the industry

No Lease, PPA, or Outright Purchase Options

Dividend does not offer leases or PPAs. Dividend’s EmpowerLoan is a great product, but some customers may still want to get a lease or PPA in order to eliminate the responsibility that comes along with solar ownership. Also, if you would like to purchase your system outright on Day 1, Dividend might not be the company for you. You could essentially pay the loan off right away because there are no prepayment penalties, but then what’s the point of getting a loan?

Focused on Financing

Dividend is a company that primarily focuses on providing loans through its financial product, the EmpowerLoan. This means that the company has more experience helping customers get loans than installing solar systems. This may not deter you in any way from going solar with Dividend, but it is something to keep in mind.

Outsourced Installations

Another potential drawback is that the company hires local contractors from its network to do its installations. Despite the qualifications these contractors must meet, some customers prefer not to work with companies that outsource installations because this can sometimes result in miscommunications and lack of quality.

Limited Experience in the Industry

Dividend began in 2013. While the solar industry is relatively new, most companies have been around twice as long as Dividend. This is a con for anyone who would prefer to work with a company that has a longer track record.

Interested in going solar? Click Here

The Bottom Line

Dividend has many advantages to offer solar customers. Not only is the company readily available in the many states around the country, but it also has assembled a great network of people who can provide financial support and reliable labor. DividendSolar is primarily a loan provider, so if you are looking for leases or PPAs you won’t have much luck with Dividend.

Frequently Asked Questions

What financing options does Dividend offer?

Dividend specializes in loans. It’s primary product is the EmpowerLoan, which requires $0 down and helps customers work toward solar ownership. Like many other companies, Dividend does not offer outright purchases, leases, or PPAs.

Does Dividend offer a warranty?

Yes, Dividend does offer a warranty. Currently, Dividend offers a 25-year warranty on its equipment. This includes repairs and defects. 20-year workmanship warranty.

Does Dividend offer online monitoring?

Yes, Dividend offers real-time monitoring. This enables customers to track the amount of energy that their system generates, as well as the amount of energy that they consume on a daily, weekly, and monthly basis.

More Information

State Availability

Dividend is available in the following states:
Arizona, California, Colorado, Connecticut, Florida, Georgia, Hawaii, Illinois, Maryland, Massachusetts, Michigan, Missouri, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Oregon, Rhode Island, South Carolina, Texas, Utah

Contact Info.

Website:

 http://www.dividendsolar.com

Email:

[email protected]

Phone:

 844-805-7900

Address:

 3661 Buchanan Street, Third Floor, San Francisco, CA 94123

Payment Options Breakdown

EmpowerLoan
  • No payments upfront
  • No prepayment penalties
  • Receive your 30% federal tax credit
  • Receive all financial benefits with owning

 

PACE Financing
  • No payments upfront
  • No prepayment penalties
  • Receive your 30% federal tax credit
  • Receive all financial benefits with owning

Are there any inaccuracies in this review? We take our accuracy very seriously and would love your feedback. Give feedback here.

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41 Dividend Solar Reviews

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  1. User Score

    10

    April 9th, 2017 Sumter, SC

    The above mentioned subjects were handled in an extremely professional manner. Dividend Solar kept us updated during the entire process, making it totally painless. Very pleasant to work with. Highly recommend Dividend Solar.

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    1

  2. User Score

    10

    April 7th, 2017 Bradenton, FL

    We thought going solar would be prohibitively expensive and time-consuming. Dividend Solar made this super-easy and completely affordable! No out-of-pocket expenses and up and running in a month. We are thrilled to be generating our own clean power now. They delivered on every promise. We recommend this for all home-owners. Go solar! You won’t be sorry!

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    1

  3. User Score

    10

    March 16th, 2017 Brentwood, CA

    Couldn’t be happier. This is the best company in the solar market. Easy terms and great installation crew.

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    3 2

  4. User Score

    5

    December 1st, 2016 Moraga, CA

    I would have rated them much higher (10?), but the outsourced installation, in our case, has proved to be seriously problematic. The problem revolves around an installer and system that does not measure up to its promised specifications for production. Dividend Solar seem to have worked diligently for many months to resolve the issues with the installer. They do not seem to be able to force/influence the installer at all. So it ( using outsourced installer) is a real problem for us that arguably could occur again for another customer.

    It’s not for the want of trying. I believe Dividend Solar is still trying to resolve the issues, but it has been 1 year since we installed…

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    38 1

  5. User Score

    10

    November 10th, 2016 Pittsburg, CA

    Couldn’t be happier with this company. Exceeded all my expectations. Easy and love the benefits of ownership

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    8 4

  6. User Score

    10

    November 9th, 2016 Providence, RI

    They did what they said . No sales pitch just real numbers to crunch. Which you only needed a little common intelligence to see that the numbers work. Professional contractors with follow up from supervisors. Sales rep was an engineer in former career with vest knowledge.

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    10

  7. User Score

    1

    September 27th, 2016 Southampton, NY

    There is quite a bit of double talk when discussing your financial benefit.
    Be sure to do your homework and carefully review the contract they send.
    In addition to this, the sales people assigned to me were rude and lacked concrete knowledge.
    Needless to say, we did not use this company

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    19 3

  8. User Score

    10

    September 22nd, 2016 Saint Louis, MO

    I have nothing but the best to say about this company. They almost always answer the phone and if not always call back in an appropriate amount of time. My system works great and I am saving $$$$$! So happy that i have a minimal amount of $ goes to the big power company!

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    12 1

  9. User Score

    10

    June 14th, 2016 Columbia, SC

    Dividend Solar is awesome for their excellent customer service and reasonable payment options with $0 down payment. It can’t get better than this!

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    5 2

  10. User Score

    10

    June 8th, 2016 Nixa, MO

    Dividend Solar gave us great financing for our solar array and has given us great service, too! Thanks for making solar possible for us, we love it!

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    10 2

  11. User Score

    6

    June 8th, 2016 Goodyear, AZ

    Great company to work with the process was easy and now im enjoing my solar system

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    4 11

  12. User Score

    10

    June 8th, 2016 Florence, MA

    Dividend has excellent customer service and are very proactive about communication and getting new customers the information they need.

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    6

  13. User Score

    9

    June 7th, 2016 Salt Lake City, UT

    Dividend Solar started out with a very personable salesman who was easy to relate too and was personable. They were able to get back to me with the process and the installation. Everything went very smoothly and was done when they predicted it would happen. I look forward to seeing how this will help my bills and how the energy will save us money in the long run.

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    8 4

  14. User Score

    10

    June 7th, 2016 Yuma, AZ

    We were very satisfied with Dividend Solar. We were able to do everything online. Setup for automatic payment was very easy. Customer Service was very helpful in answering our questions.

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    4

  15. User Score

    10

    June 7th, 2016 West Warwick, RI

    easy to read portal provides up to the minute solar production data as well as loan info.

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    3 1

  16. User Score

    9

    June 7th, 2016 Somerville, MA

    There were issues with my town when I first applied w/ Dividend, and my first monthly payment was delayed by quite a few months. However, Dividend kept me posted on what they were doing to get the problem resolved behind the scenes. I didn’t have to worry about anything! Plus, because of the delay, they understood I did not have a fully functioning system, and refused to begin the repayment process until the issue was resolved. There was no expectation of a preliminary lump sum for that first month either. They’ve done a fantastic job of making my life easier and making solar energy affordable!

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    8

  17. User Score

    10

    June 6th, 2016 Sumter, SC

    Dividend Solar financed our solar system. Their installer, Alder Energy Systems, installed a 14.04 kWp system on our house in April 2016. It took two days for the team to complete the install. The crew was professional, polite, clean, and took pride in their workmanship. The foreman was extremely knowledgeable and kept me apprised of what was happening and why. The electrician even took time out to show me how the inverter box worked in detail (honestly, a lot of it was over my head). The completed installation looks great and has been performing well.

    Even with the excessive amount of rain and cloudy days we’ve experienced, the system is generating the power forecasted. We are very pleased with our Dividend Solar and Alder Energy Systems, from the loan proposal to energizing the system, to support afterward.

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    10

  18. User Score

    9

    June 6th, 2016 TX

    Took a long to get service up and running. The panels were installed quickly, but to get the service took a long time.

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    4 3

  19. User Score

    10

    June 4th, 2016 Phoenix, AZ

    Good communication and service from beginning to end. Made the whole process easy.

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    6 1

  20. User Score

    9

    June 3rd, 2016 Schertz, TX

    This has been a very good experience and I have already seen the savings that Comes with going solar.

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    5 1