Why You Shouldn’t Refinance Your GoodLeap Solar Loan Into a Mortgage

We’ve recently been hearing from many of our clients who financed their solar systems through GoodLeap. The question that keeps coming up is this:

“Should I refinance my solar loan with GoodLeap into a home mortgage?”

Our answer is clear and urgent:

No. Do not refinance your solar loan into a mortgage.

Here’s why.

What GoodLeap Is Offering

GoodLeap has been contacting some of its loan holders, offering to refinance their existing solar loan into a home mortgage. On the surface, this may sound appealing possibly with lower interest or tax-deductible mortgage interest.

But the risks far outweigh the benefits.

Refinancing Destroys Your Legal Rights

As it stands today, you can assert all of your claims and defenses against GoodLeap even if the problems originated with the solar company that sold you the system.

That means if you were:

• Misled about energy savings
• Given false information about tax incentives
• Told untruths about cost or system performance
  

…you still have the right to pursue GoodLeap to cancel or reduce your loan.

But if you refinance that loan into a mortgage, those rights are permanently lost.

Refinancing legally extinguishes your original claims, even if you were clearly defrauded.

What You Lose By Refinancing

Here’s what’s at stake:

• You lose the ability to cancel or challenge the loan.
• You lose legal leverage in your current or future case.
• You turn unsecured solar debt into secured mortgage debt tied directly to your home.
  

And the only potential gain? Possibly deducting the mortgage interest on your taxes which does not outweigh the ability to cancel a fraudulent or deceptive loan.

Our Firm’s Recommendation

If you’re a GoodLeap customer and you’ve been offered a refinance:

Do not sign anything. Do not refinance.

Instead, let us continue representing your interests. You’re far better off preserving your rights and going through the legal process.

Read More About GoodLeap Solar

• GoodLeap Financing Reviews: Business Ratings from Homeowners
• Should You Join a GoodLeap Class Action Lawsuit?
• Do Goodleap Solar Reviews Tell the Whole Story? What the BBB Has to Say

Final Thought: Protect Your Leverage

You may be feeling pressure to act quickly but the best thing you can do right now is wait. Keep your existing loan as-is, preserve your legal options, and allow us to guide you through the process.

Have questions about your GoodLeap loan or solar contract?

Start a no-cost claim review today at PrevostLawFirm.com. We’re here to protect your rights and we’ll always tell you the truth about what’s best for your case.