Financing Options

Solar Financing

The old adage, “if it sounds too good to be true, it probably is too good to be true,” is something to keep in mind with solar loans. Many solar companies are offering incredible financing options, but they are usually for leasing a system versus owning a system. Why go from renting your electric from a utility company to renting your electric through a solar lease? Our financing option allows you to own your system upfront and take advantage of any Federal and State tax incentives. We strive to find you a financing option that will cost you less than what you are presently paying for electricity.

Zero Money Down calculating solar panel loan

Our zero money down option has no upfront costs. Your first payment begins after your solar system is installed, and for the first 18 months, you only pay interest. All of your payments go towards paying off your solar system, and there is no prepayment penalty. On average, a residential solar system’s payback is between 6-12 years.

$30,000 Solar System – (If you use your 26% Federal Tax Credit incentive, you could pay less for your solar system then you are presently paying for electricity. See our example below):



The monthly solar loan payment for the above example is less than what the average homeowner is paying for electricity:

  • $76/month for the first 18 months (interest-only period)
  • $123/month for 240 months (remainder of the loan)

Are you ready to own your solar system? 


*Federal Tax Credit:  The federal tax credit for Solar PV is equal to 26% of total installation cost (tax credit decreases to 22% in 2021).  The amount of tax credit recaptured in the first year is dependent on the amount of federal income tax paid/owed in that tax year.  If any portion of the credit is remaining, it may be carried forward if needed.