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Home Solar Loans

Every effort matters

Apply for a home solar loan

Are you planning an improvement that would add efficiency to your home? We’d love to help you finance adding solar panels! Together we can make a difference in our communities and the world.

Help Me Choose

  • Best if you want

    Best if you want

  • Terms up to

    Terms up to

  • Rates as low as

    Rates as low as

  • Maximum


  • Security


  • Other terms

    Other terms

Home Solar Loan

  • Best if you want

    Easy, fast approval for an unsubsidized loan for solar panels. Reamortize after getting state or federal incentives to lower your monthly payments.

  • Terms up to

    15 years

  • Rates as low as

    4.50% APR*

  • Maximum


  • Security

    Not secured

  • Other terms

    Origination fee of $200 with 4.93% APR* for a 10-year, $10,000 loan

Solar Home Equity Loan

  • Best if you want

    Offering longer terms and higher maximums than the Home Energy Loan — and you can deduct the interest.**

  • Terms up to

    20 years

  • Rates as low as

    5.00% APR*

  • Maximum


  • Security

    Secured by your home

  • Other terms

    Covers solar panel improvements only.

Is solar right for me?

Do you want energy independence? Are you committed to low-carbon energy sources? Are you looking for ways to add value to your home as a financial investment? Whatever your motivation, solar may be the way forward — but it’s important to know that the financial performance of solar can vary widely, depending on how it’s done. Let’s take a closer look.

Financial Analysis of Residential Solar: A Guide for Homeowners

How to evaluate a solar contractor’s bid

In addition to the design and installation, solar energy systems require permitting, inspection, and net-metering agreements. Some locations may require building permits and structural inspection.

  • Does the bid cover everything needed to get the system on-grid and generating electricity?

The specifics of your site, such as roof angle and shading, will impact your electricity production. You may also want to know how much of your electric use your system will offset. Does the bid include:

  • Estimated production for your site specifically?
  • Comparison with your current electricity use?
  • Estimated first-year savings?
  • Estimated years until the system pays itself off?

Is there a written warranty that covers the system components and workmanship? Panel warranties are generally similar, but inverter warranties vary, and replacement can be a significant expense. Does the warranty cover:

  • Panels?
  • Inverter?
  • Workmanship?

You want to make sure you know the total price of the system (not just the monthly payments) and that the prices are given both before and after available tax credits.

  • Is the total price of the system clear?
  • Is the price given both before and after available tax credits and utility rebates?
  • Does the bid include any add-ons, such as roof work or system monitoring?

Although not necessary, solar-specific training and certifications are an indicator of installer experience and quality. NABCEP (North American Board of Certified Energy Practitioners) certification is becoming the industry standard, but others exist as well.

  • Does the installer hold any solar-specific certifications?

Solar panel manufacturers are grouped into three tiers based on their size and length of time in the marketplace. Tier 1 companies are generally considered the most reliable, followed by Tiers 2 & 3. What Tier are the panels in the bid from?

  • Tier 1
  • Tier 2
  • Tier 3

Bid comparison worksheet

Here’s a comparison worksheet that you can use to review bids from solar contractors, and compare apples to apples.

Download the worksheet

View Disclosures

* APR = Annual percentage rate. All loans made subject to credit approval. Rates vary based on creditworthiness. Rates quoted current as of June 6, 2018.
** Each tax situation is different, consult with your tax professional.