Add-On Systems / Phase 2

Solar systems for homes that have existing systems with existing solar loans are permitted when the below criteria are met. These systems are sometimes referred to as add-on systems, Phase-2 systems, or secondary systems.

Please note: We cannot accept add-on systems to existing systems that are PPAs.

Dealer Eligibility

• Dealer must hold Platinum status

Borrower Eligibility

• Loan-to-value ratio cannot exceed 33%

• The house must be the borrower’s primary residence

• Combined annual income > $65k: Equity in the house, including the new loan, must be at least 20%

• Combined annual income ≤ $65k: Equity in the house, including the new loan, must be at least 25%

• Borrower must be current on the original solar loan financing, with evidence provided by the dealer or credit report

Dealer Requirements

• Inspect the add-on to ensure:

  • The add-on system is free of defects or workmanship issues

  • It was installed per code and is functioning as expected

• Submit photos of the original system and agree to assist with manufacturing warranty issues

• Provide a standard workmanship warranty for the add-on system

• Provide signed rider for each add-on installation

Borrower Requirements

• Borrower must sign an additional rider alongside the standard financing agreement with Almika