Sunshine on Solar Lending Act

The Sunshine on Solar Lending Act would amend the Truth in Lending Act to require creditors involved in solar financing transactions to clearly disclose dealer fees, third-party charges, and related costs to consumers, including a comparison of financed amounts to the total cash price of solar systems and services. It applies to creditors offering credit for solar energy systems, including solar panels, battery storage, and EV charging stations, and mandates written disclosures—providing paper copies for in-person transactions. The bill also prohibits including arbitration clauses in solar financing contracts and clarifies that dealer fees must be treated as finance charges where appropriate, aiming to increase transparency and prevent hidden costs in solar lending. These requirements would take effect within 60 days of enactment and apply to transactions entered into on or after that date.