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SolSource Solutions has announced the expansion of its Propel prepaid third-party ownership (TPO) product to six states, including Pennsylvania and Colorado. The product offers fixed payments and access to federal tax credits, with plans for continued expansion throughout 2026.
SolSource Solutions has expanded its Propel prepaid third-party ownership (TPO) product into Pennsylvania and Colorado, marking its entry into two new markets. The expansion aims to provide homeowners with transparent, fixed-payment solar financing options, and is part of the company’s broader growth strategy for 2026.
Propel, the prepaid TPO offering from SolSource Solutions, was initially launched in February and is now available in six states, including Arizona, Texas, Maine, California, Pennsylvania, and Colorado. The product replaces traditional escalator-based payments and hidden fees with a predictable, fixed payment structure, making solar financing more transparent for homeowners. Propel is financed through TriBeam Financial via the Concert Finance Program, and includes access to federal tax credits, which homeowners can benefit from during the term of their agreement. The product is delivered with Enphase Energy’s microinverter and battery hardware, ensuring reliable system components. Over 180 independent installers currently offer Propel, with ongoing onboarding to support the company’s expansion plans. SolSource CEO Chris Couture stated that the company plans to continue adding new states throughout 2026, emphasizing the product’s popularity and the demand for honest, straightforward solar financing options.
Impact of Propel Expansion on Residential Solar Financing
The expansion of SolSource’s Propel prepaid TPO into additional states signifies a notable shift toward more transparent and predictable solar financing options. By offering fixed payments and access to federal tax credits, the product addresses common homeowner concerns about fluctuating costs and hidden fees. This growth could accelerate solar adoption in new markets, especially among consumers seeking straightforward financing solutions. The move also underscores the increasing role of third-party ownership models that prioritize transparency, potentially influencing industry standards and encouraging other providers to adopt similar approaches. As SolSource scales its presence, the expansion may contribute to broader market stability and consumer confidence in solar investments.
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Background on SolSource’s Propel Prepaid TPO Product
Launched in February 2026, SolSource’s Propel prepaid TPO is designed to simplify solar financing by replacing payment escalators and hidden fees with a fixed, predictable payment structure. The product leverages partnerships with TriBeam Financial and Enphase Energy, offering homeowners a long-term energy agreement that includes federal tax credits. The initial rollout covered four states, and the company announced plans to expand into additional markets throughout 2026. The product’s growth reflects a broader industry trend toward transparency and consumer-friendly financing options in residential solar.
“The response to Propel since launch tells us that homeowners are hungry for financing that is simple and honest.”
— an anonymous researcher
Unconfirmed Details About Future State Expansions
It is not yet clear which additional states SolSource plans to enter in 2026 beyond Pennsylvania and Colorado, or the timeline for these expansions. Details about the specific criteria for selecting new markets and the pace of onboarding new installers are still emerging.
Next Steps in SolSource’s Market Growth Strategy
SolSource intends to continue rolling out Propel in more states throughout 2026, with announcements expected as new markets are prepared for launch. The company will also focus on onboarding additional installers and refining the product based on early market feedback. Monitoring the adoption rate and homeowner response will be key indicators of the product’s success in new regions.
Key Questions
How does Propel differ from traditional solar financing options?
Propel offers fixed, predictable payments and includes access to federal tax credits, replacing the common escalator-based payments and hidden fees typical of traditional solar financing.
Which states is Propel now available in?
Propel is now available in Arizona, Texas, Maine, California, Pennsylvania, and Colorado.
Can homeowners purchase the system after the agreement term?
Yes, homeowners have the option to purchase the system beginning after year five of their agreement.
What hardware supports the Propel system?
The system is delivered with Enphase Energy’s microinverter and battery hardware, ensuring reliable performance.
What is the significance of this expansion for the solar industry?
The expansion demonstrates a shift toward more transparent, consumer-friendly financing options, which could accelerate solar adoption and influence industry standards.
Source: Solar Power World
