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Active -- MN AG dealer-fee litigation (ongoing)

Active lender -- litigation disclosure

Dividend Finance: active for new loans, but named in dealer-fee litigation.

Dividend Finance is active for new solar loan originations in 2026. It is also named in the Minnesota Attorney General dealer-fee lawsuit filed April 2024 (ongoing). We disclose this and the dealer-fee structure before recommending any lender.

Dealer fee on a $24,000 system: $4,560 to $8,400 (19 to 35%)

Lender Named in Active Litigation

Dividend Finance is named in the Minnesota Attorney General dealer-fee lawsuit filed April 2024 (ongoing). A class action MDL (Multi-District Litigation) was established October 2024 with Dividend as a named defendant. Allegations include undisclosed dealer fees and misrepresentation of financing terms. Dividend is active for new originations (now part of Fifth Third Bancorp) but this litigation must be disclosed to customers.

Typical dealer fee on a $24,000 system (19 to 35% range)
4,560
Dealer fee range per CFPB Issue Spotlight 2025
19
Active MN AG dealer-fee lawsuits (GoodLeap and Dividend Finance)
2
Major lenders in Chapter 11 proceedings (Mosaic and Sunnova, June 2025)
2

Financing detail

Dividend Finance Solar Loan

Ownership outcome

You own the system

Federal Section 48E applies

Not directly -- Section 25D residential credit expired December 31, 2025

Dealer fee

$4,560 to $8,400 on a $24K system (19 to 35%)

Dealer fees are at the center of the ongoing litigation. Disclose the dealer-fee structure to all customers before recommending Dividend.

Typical APR

0.0349 to 0.0699%

Term options

12, 20 years

Data as of: 2026-06-02

Strengths

  • More conservative APR range than some competitors (3.49-6.99%)
  • Higher credit threshold (660 minimum) suggests more creditworthy borrowers on average
  • Available in 45 states (not AK, MT, ND, SD, VT)
  • Loan amounts up to $120,000
  • Backed by Fifth Third Bancorp

Considerations

  • Named in Minnesota AG dealer-fee lawsuit (April 2024, ongoing)
  • Named defendant in class action MDL (established October 2024)
  • Dealer fees add to loan principal; total financed amount exceeds system price
  • Limited to 12 or 20 year terms (fewer options than some competitors)
  • Minimum credit score 660; less accessible for lower-credit customers

Best for

Customers with 660+ credit score who have been shown the total loan amount including dealer fee and who understand the active litigation context. Not available in AK, MT, ND, SD, or VT.

Compare this option against cash, HELOC, and prepaid in the 25-year true-cost tool.

No contact required. Enter your system cost and dealer fee percentage and see the total for each path.

Open the Financing Comparison Tool

Common questions

Questions about Dividend Finance Solar Loan

Back to all financing options

How do I compare this financing option to others?
The financing comparison tool at solarinstallersnear.me/financing/ shows the 25-year true cost of cash purchase, solar loan with dealer fee, prepaid lease, HELOC, solar lease, and PPA side by side. Enter your system cost and adjust the dealer fee percentage to match any specific lender proposal.

What should I ask before signing any solar financing contract?
Ask for the total amount financed (not just the monthly payment), the dealer fee in dollar terms, the full amortization schedule, prepayment penalty terms, and what happens to the contract if the lender or provider files for bankruptcy. Review any escalator clauses and end-of-contract terms in full.

Want to see this financing option compared against every other path, with the dealer fee disclosed in dollar terms?

A free in-home assessment includes a full financing comparison. No shared leads. No commission on the financing recommendation.

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