GoodLeap, LLC

GoodLeap is a financing platform focused on home energy improvements, primarily solar panel installations and related upgrades such as battery storage and energy-efficient roofing. It partners with solar installers and home improvement contractors who offer GoodLeap financing to their customers at the point of sale.

GoodLeap does not typically approach consumers directly. Instead, when you are getting a quote from a solar installer or energy contractor who works with GoodLeap, that installer may offer you GoodLeap financing as a way to pay for the project over time rather than upfront.

Loans through GoodLeap are typically fixed-rate installment loans, meaning you borrow a set amount and repay it in equal monthly payments over the loan term. This is different from deferred interest financing offered by some home improvement lenders. Fixed-rate installment loans give you a predictable monthly payment and a clear total repayment amount.

Loan terms commonly range from several years to up to twenty-five years depending on the product and project size. Longer loan terms reduce the monthly payment but increase the total interest paid over the life of the loan. When evaluating a solar loan, comparing the monthly payment and total cost against the energy savings the system is projected to generate is a useful exercise.

GoodLeap works with a network of partner lenders who fund the loans, rather than retaining them all on its own balance sheet. Interest rates depend on creditworthiness and current market conditions.

Before accepting GoodLeap financing, ask for the full loan terms in writing, including the interest rate, any origination fees, the loan term, and total repayment cost. Compare this against other solar financing options, including home equity products if you have sufficient equity.