My solar panels, financed through Dividend Finance loans, were damaged in the recent storm. How will this affect the loan?

Despite any damage caused by a recent storm to your solar panels financed through Dividend Finance loans, you are still obligated to make your monthly loan payments under the loan agreement. Your obligation to repay the loan is not affected by the condition of the panels.

You will be responsible for repairing the damaged solar panels, as Dividend Finance does not cover their maintenance. You are responsible for covering the expenses associated with repairing or replacing the damaged panels.

How you decide to manage the repair costs will determine how it affects your loan payments. If you have savings set aside for emergencies, you can utilize them to cover the repair expenses without impacting your loan payments. If you require financial assistance for the repairs, it might be worth contacting Dividend Finance. They can help you explore potential options like loan modification or restructuring to accommodate the extra expense.

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