Lease Criteria & Markets
Eligible Sites & Lease Criteria
A complete reference to Skylight Lending’s lease eligibility criteria, product limits, system size requirements, and the states where we currently operate.
What’s covered in this article
Credit criteria→
System minimums→
Lease limits & products→
Add-on rules→
Territory map
Min. FICO Score
660
Each applicant must individually meet this minimum
Min. Annual Income
$50,000
Verified via third-party income sources
Property Requirement
Owner on Deed
At least one applicant must be on title
Property Type
Single Family
Single family residences only
How income is verified
Skylight Lending confirms income via third-party income sources. In combination with other creditworthiness criteria, these items are used to assess whether the homeowner is approved. Meeting the minimums does not guarantee approval.
Co-applicants
Up to two co-applicants are allowed. Both must individually meet the 660 FICO minimum — scores are not averaged. At least one applicant must be listed on the property deed.
Solar only — minimum system size
6 kW
Solar + Battery combo — minimum solar size
3 kW
Minimum EPC payout amount
$20,000
Solar only — maximum EPC rate
$5.50 / W
Storage only — maximum EPC rate
$1.65 / Wh
Solar only minimum is now 6 kW
For Solar Only projects, the minimum system size is 6 kW and the minimum EPC payout is $20,000. For Solar + Battery Combo projects, a minimum solar size of 3 kW is allowed.
Maximum lease amount
$150,000
Minimum lease amount
$20,000
Max escalator (most states)
3.99%
Battery lease max payment
$1.65 / kWh
✓
Solar Lease — minimum 6 kW, 25-year term
✓
Solar + Battery Combination Lease — minimum 3 kW solar, 25-year term
✓
SkyLoc Prepaid Lease — higher EPC payout available
✓
SREC Adders — available once registered in eligible markets
Solar Add-On Requirements
✓
Minimum 3 kW add-on system size
✓
Separate permitting from the existing system
✓
Separate monitoring from the existing system
✓
Minimum 12 inches of separation from existing arrays — photos required for NTP
Massachusetts — 3.99% escalator not available
The 3.99% escalator is not available in Massachusetts. If you are submitting a lease for a customer in MA, select an escalator below 3.99%. Contact your account manager for available escalator options.
Add-ons not allowed if existing battery present
Add-on projects are not permitted on properties that already have an existing battery storage system installed.
◼ Operating Markets
TXFLNM
AZPAMANJ
◼ Upcoming Markets
CANVCO
ILNYCT
Massachusetts — 3.99% escalator not available
The 3.99% escalator is not available in Massachusetts. If you are submitting a lease for a customer in MA, select an escalator below 3.99%. Contact your account manager for available escalator options.
Territory is subject to change
Market availability may be updated. Contact your account manager for the most current list of eligible states and any newly added markets.
Questions about site eligibility?
If you’re unsure whether a specific property, system size, or market qualifies, contact your account manager before submitting. Confirming eligibility upfront is always faster than resolving issues after a deal is in.
