Subhead: 
Refinance
Body: 

For those who are refinancing their mortgage.

Note: Instructions for completing the form are included in the PDF.

Subhead: 
Lease Changes
Body: 

Changes to lease due to military relocation, divorce, one lessee passing away, or removing a co-borrower’s information.

Note: Instructions for completing the form are included in the PDF.

Subhead: 
Home Sale
Body: 

Changes to current lease due to sale of your home. Must be completed prior to final close of sales.

For: Current homeowners

Note: Instructions for completing the form are included in the PDF.

Home Refinance as Lease Customer

I'm refinancing my home, how should I start the process?

Please call 1-800-SUNPOWER (786-7693) and speak to one of our customer service representative or email refinance@sunpower.com with a completely filled out refinance form to initiate the process

Are there any fees associated with refinancing requests?

Yes, there is a processing fee of $250.

I’m refinancing my home and the title is requiring “a subordination”. What does “subordination” mean?

If the System is located in California, SunPower as the Lessor of the Solar System is required to record a Notice of an Independent Solar Energy Producer Contract with the county recorder’s office, pursuant to Section 2869 of the California Public Utilities Code. This filing is just a Notice that a Solar System is located on your property. SunPower will process a Subordination Agreement during the refinancing process. The Subordination Agreement document will be submitted electronically and will be provided to the lender.

How does my title officer request a termination of the UCC filings?

Please ask your Escrow or Mortgage Officer to send us the refinance form along with the preliminarty title report and send completed form to refinance@sunpower.com.

The escrow officer will receive electronic copies of terminated UCC documents and this should suffice the requirements of your lender.

Can I do a buyout of my system during a refinance?

Systems can only be purchased during home sale and/or if early buyout option is specified in your contract

Will UCC filing be re-instated after refinance?

SunPower will refile UCC 60 days after termination of the original filings


Home Sale Assignment/Buyout (Seller)

I'm selling my Home and I have an existing Solar Lease Contract. What are my options with my lease?

You have two options during a home sale:

  • Assignment (a credit check is required from the buyers, even in the event the lease is pre-paid): An assignment is the transfer of the lease contract terms and conditions, which will be assigned to the new homeowner’s name during the sale of a home; or
  • Purchase:​ The seller or buyer has an option to buyout the system during the sale of the home

Call 1-800-SUNPOWER (786-7693) or email homesale@sunpower.com with completely filled out home sale form to initiate the process

What is the timeframe for a lease assignment and/or buyout process to be completed?

SunPower requires a 30-day notice prior to home sale.

  • Lease Assignment process can be completed within 10-14 business days after Buyer's credit approval and/or contingent of the escrow closing date. Signed lease assignment documents and final payment (if any) must be completed and submitted to SunPower in order to complete the assumption process.
  • Buy Out process can be completed within 10-14 business days once confirmation to exercise the buyout quote has been received and/or contingent of the escrow closing date. Signed purchase documents and payment must be completed and submitted to SunPower in order to complete the buyout process.

What paper work will SunPower provide in-line with my Home Sale?

Escrow Package of home sale documents will be presented to your Escrow Officer/Attorney. The Escrow Package is a set of documents that will be sent to the buyer, seller, and escrow. The package should be presented to each party at closing by the escrow officer for their record.

The documents are:

  • Escrow instructions
  • Assignment of lease
  • Terminated UCC filings.
  • Extinguishment of PUC (notice of independent solar producer) – this will be sent directly to the County within 48 hours upon your Escrow/Title Company's receipt of Escrow Package. A draft will be included on the Escrow Package for your reference.

What happens if the buyer is credit declined?

SunPower will request for specific documents needed from the buyer to support credibility of assuming the lease.

Supporting documents that we may request:

  • Purchase contract; proof that the home will be purchased thru cash
  • Two latest paycheck stubs
  • Income Tax Return (most recent)
  • Bank statement (2 latest months)


Home Sale Assignment/Buyout (Buyer)

I’m purchasing a home with a pre-paid lease. Why do I need a credit check?

While the lease has been paid in-advance, SunPower utilizes the credit check process to also verify identity. The credit check is a requirement for all lease assignments regardless whether the lease agreement is prepaid or monthly.

What happens if I get declined?

SunPower will request for specific documents needed from the buyer to support credibility of assuming the lease.

Supporting documents that we may request:

  • Purchase contract; proof that the home will be purchased thru cash
  • Two latest paycheck stubs
  • Income Tax Return (most recent)
  • Bank statement (2 latest months)

What if I do not want to assume the solar lease on this home?

You cannot cancel nor remove the equipment. If you do not wish to assume the lease:

  • You can purchase the system; or
  • SunPower would be happy to try to assist you in learning more about the lease and the solar system, including the benefits of solar. Please contact us at 1-800-SUNPOWER (786-7693) with any questions you might have

What will the monthly payments be and how does the lease work?

Your realtor can assist you in obtaining a copy of the lease from the seller. If one is not available, the seller can call 1-800-SUNPOWER (786-7693) or email homesale@sunpower.com to request a copy for you allowing us to send you the copy of the lease agreement


Other Lease FAQs

What happens at the end of the lease term?

When the Lease reaches its scheduled end of the Lease Term, you may extend the lease term or request the removal of the system. If you do not extend the lease term or request removal of the system, the lease automatically renews on month-to-month basis. Please review your lease contract for more information. If you have questions or concerns please email homesale@sunpower.com or call 1-800-SUNPOWER (786-7693).

What happens in the event of death?

In the event of death, the lease will automatically be transfered to the spouse or estate of the deceased. To change ownership to the estate or a trust, please contact 1-800-786-7693 or send an email with the completed form to homesale@sunpower.com and attach a copy of death certificate and the assumptor's state issued ID.

I need to change the Name of the Lessee (or assign it to my relative) on the Solar Lease Contract, how can I request for this?

We will assist you to Amend your Solar Lease Contract. Please send the completed Life Event form to homesale@sunpower.com or call 1-800-SUNPOWER (786-7693) for more information