KBRA Releases Research — Residential Solar ABS: Performance Divergence Between Loan and Lease Structures

KBRA releases a research report that examines the structural differences between solar loan and lease collateral, compares securitized credit performance, and analyzes the drivers of divergence. The residential solar ABS sector has experienced a meaningful bifurcation in performance between loan-backed and lease-backed transactions. While both structures are exposed to consumer credit and energy market dynamics, solar loan ABS transactions have experienced weakening credit performance, whereas solar lease ABS transactions have remained broadly stable.

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Recent Publications

• U.S. Solar Loan ABS Index: February 2026
• OBBBA Casts Shadow on the Solar ABS Industry
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• Solar Loan ABS: Prepayment Rates Will Likely Remain Subdued
• Solar Loan ABS: Credit Risks Rise as Prepayments Fall
• ESG: Residential Solar Loan ABS—Mostly Sunny With Clouds on the Horizon
• Residential Solar Lease and PPA ABS: Sector Overview

About KBRA

KBRA, one of the major credit rating agencies, is registered in the U.S., EU, and the UK. KBRA is recognized as a Qualified Rating Agency in Taiwan, and is also a Designated Rating Organization for structured finance ratings in Canada. As a full-service credit rating agency, investors can use KBRA ratings for regulatory capital purposes in multiple jurisdictions.

Doc ID: 1014213

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