GoodLeap Solar Loan Transfer Guide for Phoenix, AZ Solar Home Sellers

By Rob Madden

Arizona, financing solar, Home Electricity, owned, Phoenix, Phoenix AZ, Phoenix Real Estate, Photovoltaic Panels, Residential Solar, selling, solar, solar energy, solar loan, solar loan transfer

In Phoenix, AZ, where the sun never takes a break, solar homes are not just the latest trend but a wise and sustainable choice. Are you thinking about selling your Phoenix solar home with a GoodLeap loan attached? We’ve crafted this guide to navigate the loan transfer smoothly, ensuring your solar investment pays off.

Selling Your Solar Home in Phoenix: The GoodLeap Loan Path

When selling your solar home in Phoenix and have a GoodLeap loan, there are two options that GoodLeap will give you:

  1. Loan Payoff: Most sellers use their home sale profits to clear their GoodLeap solar loan.
  2. Loan Transfer: The incoming homeowner, if interested and eligible, takes on your GoodLeap loan.

Transferring the Solar Loan: A Simple Walkthrough

  • Reach out to GoodLeap: Share that you’re selling your Phoenix solar home.
  • Agreement in Place: Both buyer and seller must agree that the loan transfer is part of the property deal.
  • Begin the Transfer: The interested homeowner gets in touch with GoodLeap to begin the loan transfer.
  • Approval: GoodLeap checks the buyer’s financial credentials.
  • Lifting UCC-1: Before the sale finalizes, the UCC-1 tied to the solar equipment is removed.
  • Closing the Deal: The sale finalizes.
  • Transition: The buyer takes over the home, along with the solar loan benefits.

For Buyers: Simple Steps to Solar Loan Transfer:

  1. Understand the Loan Agreement: Know your responsibilities.
  2. Apply: Fill out the GoodLeap solar loan application completely.
  3. Intent Form: This form indicates your interest in the solar loan.
  4. GoodLeap Approval: Wait for GoodLeap’s nod of approval.
  5. Know Your Solar Setup: Get details from the seller about the solar equipment and warranties.
  6. Update Your Insurance: Ensure your new home’s solar panels are covered.
  7. Provide Necessary Documents to GoodLeap: Including (but not limited to) the Real Estate Purchase Agreement, Closing Statement, and recent pay records.

For Sellers: Solar Transfer Steps:

  1. Show the Loan Agreement: Make sure the buyer knows the loan terms.
  2. Be Upfront about Payments: If any payment is pending, inform the buyer.
  3. Solar Intent Form: Fill and hand this to the buyer.

Special Note for Sellers: Clear your final payments and interest at least 5-7 days before the final deal. At times, an extra payment ensures the buyer has a 30-day gap post the deal before their loan payment is due.

What’s the UCC-1 Financing Statement?

Solar homes often come with a term called the UCC-1 Financing Statement. Relax, it’s not a lien on your home, but on the solar equipment. Securing a solar loan with GoodLeap means this filing protects GoodLeap’s financial rights over your solar setup. If this sounds complex, just know that GoodLeap is a message away at to clarify.

GoodLeap is only involved in the loan process, not the sale itself. The buyer needs a credit approval to finalize the solar loan transfer. If the buyer isn’t eligible, the loan should be settled in full.

There you have it, Phoenix solar home sellers! A straightforward guide for managing your GoodLeap solar loan transfer. For further assistance, Rob’s here to help. Remember, take one step at a time, and you’ll sail through effortlessly. With GoodLeap’s transparent solar loan options, selling your solar home in Phoenix becomes hassle-free, letting you continue leveraging Arizona’s rich sunlight.

A version of this article can be found at:

Rob Madden

About the author

Rob Madden is an experienced real estate broker in the Phoenix metro area, having worked in the industry for over 28 years. He has helped many home buyers and sellers navigate the local real estate market, and is considered a trusted expert in the field. Rob is committed to making the buying or selling process as seamless and straightforward as possible for his clients, and provides hands-on assistance at every stage of the transaction. In his free time, Rob enjoys being a Scoutmaster for a local Scouts BSA troop, hiking, backpacking, photography, and playing pinball.

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