Finance your solar. Fire your utility company.
Stop renting your electricity. With a specialized Solar Loan, you can own your system, lock in a fixed rate, and keep the lucrative 30% federal tax credit for yourself.
The Solar Loan Advantage
- Keep the Tax Credits: Unlike solar leasing, owning with a loan means you claim the 30% Residential Clean Energy Credit.
- Zero-Down Options: Finance up to 100% of your solar installation and start saving from day one.
- Increase Home Value: Owned solar panels permanently increase your property's resale value without raising your property taxes.
"Replaced my $250 electric bill with a $160 loan payment. Plus, I got an $8,000 tax credit check. A total no-brainer."
- Jennifer L., Homeowner
See Your Solar Loan Options
Check your rates and terms in minutes. Checking your rate will not hurt your credit score.
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How Does a Solar Loan Work?
A Solar Loan operates like a standard home improvement loan, but is tailored specifically for solar installations, offering specialized lower rates and terms designed to make your monthly payment cheaper than your old utility bill.
Get Your Quote
Start by getting a proposal from a certified solar installer. This will give you the total system cost needed for your loan application.
Apply for Financing
Submit your loan inquiry. Lenders will offer terms up to 20 or 25 years to ensure your loan payment is lower than your current power bill.
Fund & Install
Once approved, the funds are sent to your installer to complete the project. Your solar panels are installed, and your meter starts spinning backwards.
Claim Your Tax Credit
Come tax season, claim the 30% federal tax credit. You can keep the cash or apply it directly to your loan principal to pay it off faster.
Why Owning Beats Leasing
See how financing your system with a specialized Solar Loan compares to solar leasing (PPAs) and standard loans.
| Feature | Solar Loan | Solar Lease / PPA | Standard Personal Loan |
|---|---|---|---|
| Who Keeps the 30% Tax Credit? | You (The Homeowner) | The Leasing Company | You |
| Increases Home Value? | Yes (+4% on Average) | No (Can complicate sales) | Yes |
| Repayment Terms | Extended (Up to 25 Years) | 20-25 Year Lease | Short (Max 5-7 Years) |
| Interest Rates | Specialized / Lower | Annual Escalator Built-In | Standard Market Rate |
Solar ROI & Tax Credit Estimator
Calculate your estimated loan payment, your massive tax credit, and see how your new payment compares to your old utility bill.
System Details
Your Solar Savings
Your 30% Federal Tax Credit Value
$7,500
Old Electric Bill
$180
New Solar Loan Payment
$224
Net Monthly Difference
+$44/mo
Submit the form at the top of the page to find exact rates to fund your solar project.
*This tool provides estimates for educational purposes assuming a 6.99% interest rate and assumes solar offsets 100% of your current electric bill. Actual rates depend on creditworthiness. Consult a tax professional regarding your eligibility for the federal tax credit.
Frequently Asked Questions
Common questions about securing financing for your home solar system.
Do I need equity in my home to get a solar loan?
Not necessarily! Many solar loans are unsecured or secured only by the solar equipment itself, not your home. This means you can get approved based on your credit score and income, without tapping into your home's equity.
How does the 30% Federal Tax Credit work with a loan?
When you finance your system with a loan, you are considered the owner of the system. This entitles you to claim the federal Residential Clean Energy Credit. Most lenders offer an 18-month grace period where your loan payments are lower, giving you time to receive your tax credit from the IRS and apply it to the loan principal to keep your payments low long-term.
What if I sell my house before the loan is paid off?
Selling a home with a solar loan is much easier than selling a home with a solar lease. You typically just pay off the remaining balance of the solar loan using the proceeds from the sale of your house. Because solar increases your home's value, the sale usually covers the remaining loan balance easily.