SunRate Energy was founded in 2016 and serves residential and commercial solar markets in California, Nevada, and Arizona. The company offers free estimates and zero-down financing on new solar installation projects.
SunRate Energy offers customers two paths to solar panel ownership: direct purchase and solar panel financing. Direct purchase of a solar panel system requires the largest upfront investment, but also comes with the fastest return on that investment — especially for residents in sunny states like California, Arizona, and Nevada.
The company also gives customers the option to finance their system through a third-party lender for as little as zero-money down. Solar loans entitle customers to all the same benefits of solar ownership as direct purchase, without the heavy upfront investment.
For customers who are unable or unwilling to pay the tens of thousands of dollars required to own their own solar PV system, SunRate Energy gives the option to rent the system through a solar lease, or pay for the solar energy through a power purchase agreement (PPA). These options are incredibly cost-effective as they place the financial burden of ownership (e.g. installation and maintenance fees) on the company.
SunRate Energy attaches a 10-year roof warranty to every new solar panel build. Should the homeowner’s roof experience any leaks or damage be discovered within 10 years after the solar installation, SunRate Energy will repair the damage free of charge.
SunRate Energy has yet to disclose the following data points to help customers make a more informed decision: