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

Active lender -- litigation disclosure

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

GoodLeap 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

GoodLeap is named in the Minnesota Attorney General dealer-fee lawsuit filed April 2024 (ongoing as of 2026). Dealer fees of 19-35% added to the loan principal are at the center of the litigation. GoodLeap is active for new originations. Disclose the dealer-fee structure and this litigation to all customers before recommending GoodLeap.

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

GoodLeap 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 fee added to loan principal; customer pays interest on the fee amount. A $25,000 system with a 25% dealer fee becomes a $31,250 loan. The low advertised APR reflects this markup. Show the customer the system price, the financed amount, and the total paid over the loan term.

Typical APR

0.0499 to 0.0999%

Term options

7, 10, 12, 15, 20, 25 years

Data as of: 2026-06-02

Strengths

  • Market leader with $32B+ financed since 2018
  • Widest installer network in the residential solar lending market
  • Most accessible credit threshold (minimum 600)
  • Multiple term options (7-25 years)
  • Fast funding turnaround
  • Also offers lease and PPA products

Considerations

  • Dealer fees of 19-35% inflate loan principal (highest in industry per community research)
  • Named in Minnesota AG dealer-fee lawsuit (April 2024, ongoing)
  • Interest accrues on the dealer-fee portion of the loan
  • Low advertised APR obscures true cost without dealer-fee disclosure

Best for

Buyers who understand the dealer-fee structure and have compared total cost against HELOC or cash. Most accessible for lower-credit customers (600+) when alternatives are unavailable.

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 GoodLeap 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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