Dividend Solar

• $0 Down EmpowerLoan and Dividend PACE Loans
• Certified Solar Installers
• Lengthy Warranties
• Real-Time Monitoring

$0 Down EmpowerLoan and Dividend PACE Loans

Possibly the most obvious advantage of working with Dividend Solar is that the company specializes in residential solar loans, so it's a great option for homeowners who would rather make an investment in solar panels than lease them.

Dividend Solar offers two types of loans: EmpowerLoan and PACE loans. Both options are $0 down; can be paid off early; and include certified installers, a performance guarantee, and a warranty.

In addition to these benefits, customers are also eligible for any available federal and state tax credits, rebates, and other renewable energy incentives.

Certified Solar Installers

It bodes well for customers that Dividend Solar requires its solar installation contractors to have professional licensing and certifications (NABCEP in particular).

Some customers might hesitate to work with a company that outsources work to third-party contractors, but the fact that Dividend Solar requires these qualifications increases the likelihood that customers will receive a high-quality installation and be satisfied with the work done on their home.

Lengthy Warranties

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

Real-Time Monitoring

Consumers who purchase solar panels through Dividend Solar have the ability to monitor the progress and performance of their panels in real time. With this technology, customers can also see how much clean energy their system is producing, how much money the panels are saving them, and the effect that their solar PV system is having on the environment.

• No Lease or PPA Options
• Focus on Financing
• Outsourced Installations
• Limited Experience in the Industry

No Lease or PPA Options

Dividend Solar does not offer leases or PPAs. The company's EmpowerLoan is a great product, but a lease or PPA may be a better fit for consumers who want to make the switch to clean energy but would prefer not to take on the responsibility that comes along with solar ownership.

Focus on Financing

Dividend Solar places the majority of its focus on providing loans through its financial product, the EmpowerLoan. This means that the company has more experience helping customers get financing than actually installing solar PV systems on homes.

Outsourced Installations

Another potential drawback of Dividend Solar is that the company hires local contractors from its network to perform installations for solar PV systems. Despite the qualifications these contractors must meet, some customers prefer not to work with companies that outsource installations because this practice can sometimes result in miscommunication or lack of quality.

Limited Experience in the Industry

Dividend Solar was founded in 2013. While the solar industry as a whole is relatively new, many solar companies have been around for at least twice as long as Dividend Solar. This means Dividend Solar has had less time to gain experience and prove itself as a solid company within the industry.