Credit Score Requirements
640
BrightStart Loan By Sungage
The BrightStart Loan by Sungage Financial makes going solar easier and more affordable by allowing homeowners to defer 25% of their loan for up to 36 months.
This product is designed to bridge the gap between installation and when customers receive tax credits or incentives, helping them start solar with a lower initial cost.
Key Features
25% Deferred Payment Portion (DPP): No payments required for the deferred 25% for 36 months.
Flexible Reamortization: Homeowners can pay all or part of the deferred amount anytime. No penalties.
Interest Accrues During Deferral: Interest is added to the deferred portion only, and payments are recalculated after 36 months.
Rebates Eligible: State or utility rebates can be included on top of the 25%, up to a 50% total deferral.
No Payment Shock: If unpaid, the deferred balance simply reamortizes into the regular loan after 36 months.
Loan Details
Max PPW: $6.30
Max Loan Amount: $150,000
Solar+ Max./Min. Loan Amount
Maximum $150K (including Deferred Payment Portion). Sum of roof and battery portion up to 75% of the amount financed with a maximum of $50k. Minimum loan amount $7.5K.
Battery Max./Min. Loan Amount
Maximum $50K (including Deferred Payment Portion). Site prep portion up to 15% of the amount financed. Minimum loan amount $7.5K.
Qualified Project Types
Solar system installations (PV only or solar + battery + roof)
Reroof projects tied to solar installations (up to 75% of total loan amount)
Battery-only systems (up to $50,000)
New home construction and second homes
1–4 family residences (owner-occupied)
Ground Mounts
unQualified Project Types
Standalone roofs
Roof, if solar is a ground mount system
Work unrelated to the installation (e.g.,HVAC, windows, solar thermal)
Roofs on non-residence structures or property
Mobile or manufactured homes outside of California and Texas
Properties with reverse mortgages
Personal projects for the company owner, employee or relations, or contractor entity
What Qualifies for Proof of Ownership?
Alta docs or HUD1/Closing Disclosure
Deed
Certificate or Declaration of Trust
What Qualifies for Proof of income?
Proof of income - W2
Two of the most recent pay stubs showing year-to-date income
Proof of income - self-employed
Last year’s tax return
Previous year’s K-1 statement
Proof of income - retired
Last year’s tax return
SSI award statement
1099-R
Pension disbursement statement
What Qualifies for ACH?
All ACH forms are filled out in the customer portal, as part of their loan documents.
No checks uploaded to the project. ACH process is automatic and gets sent securely to servicing bank.
Who Qualifies for Co-signer?
Co-signer should live in the home, and be on the deed as a best practice. If the primary applicant fails, and the co app carries the reapplication, they will need to be on the deed to clear the homeownership stipulation.