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GoodLeap Cancel Solar Loan 2026 | Rights & Options | Solar Freedom

Learn how to cancel a GoodLeap solar loan in 2026. Dealer fee disputes, TILA violations, misrepresentation claims — your rights and options explained. Free review.

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GoodLeap is the largest solar loan originator in the US. If you want to cancel your GoodLeap loan, you need to understand the dealer fee structure, your TILA rights, and what legal grounds apply.

GoodLeap (formerly Loanpal) is the largest solar loan originator in the United States, financing hundreds of thousands of residential solar installations. If you are trying to cancel a GoodLeap solar loan, the process is different from canceling a lease or PPA — because you own the panels and the loan is a separate financial product.

The most important thing to understand about GoodLeap loans: they are frequently originated with dealer fees of 20–40% of the loan amount that are never disclosed to the homeowner. This means you may have borrowed $40,000 but only $28,000 worth of equipment was installed. The rest went to the solar installer as a dealer fee — and you are paying interest on it for 20–25 years.

What Is a GoodLeap Dealer Fee and Why Does It Matter?

When a solar installer uses GoodLeap to finance a customer's system, GoodLeap pays the installer a dealer fee — typically 20–40% of the loan amount — for originating the loan. This fee is built into your loan balance but is rarely disclosed to the homeowner. The result: you are financing a system worth $25,000 but your loan is $35,000–$40,000.

Under the Truth in Lending Act (TILA), lenders are required to disclose the full cost of credit, including fees. Failure to properly disclose dealer fees may constitute a TILA violation that gives you the right to rescind the loan.

Grounds for Canceling a GoodLeap Loan

• TILA violations — Failure to disclose the full cost of credit, including dealer fees
• Misrepresentation by the installer — False savings promises, fake tax credit claims, undisclosed fees
• FTC Cooling-Off Rule — If you signed within the last 3 business days at your home
• Failure to provide Notice of Cancellation — The 3-day window may not have started
• State consumer protection violations — Your state's UDAP statute may provide additional grounds
• Breach of contract by the installer — System underperformance, failure to service, warranty violations

The GoodLeap Cancellation Process

GoodLeap is the lender, not the installer. This distinction matters for cancellation. If your grounds for cancellation are based on installer misconduct (misrepresentation, underperformance), you typically pursue the claim against the installer — but the FTC Holder Rule means GoodLeap, as the lender, can also be held responsible for the installer's conduct.

The FTC Holder Rule (16 C.F.R. Part 433) requires that consumer loan contracts include a notice making the lender subject to all claims and defenses the borrower has against the seller. If your GoodLeap loan agreement includes this notice (most do), you can assert your claims against GoodLeap directly.

What Happens to the Panels If You Cancel the Loan?

If you successfully rescind a GoodLeap loan, the loan agreement is voided. The installer may be required to remove the panels, or you may be able to negotiate keeping them in exchange for a reduced settlement. The outcome depends on the specific grounds for cancellation and the negotiation.

Frequently Asked Questions