Solar Loan

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• SOLAR LOAN

• SOLAR LOAN

Solar Loan For Homeowners In California And Massachusetts

Finance your system, own it and replace part of your electric bill with a fixed loan payment.

Why Homeowners Choose A Solar Loan

Some homeowners want to own their system but do not want to pay for it all at once. A solar loan spreads the cost over time, so you own the panels from the start and your monthly loan payment can take the place of part of your electric bill. Compare it with a cash purchase if you can pay upfront.

Your payment depends on the amount financed, the interest rate and the term. Ask for the APR and every fee, and compare it with a solar PPA, a lease or a prepaid PPA before you decide.

Challenges

• Wanting ownership without paying everything upfront
• Unsure how loan terms and rates affect the real cost
• Worried about hidden fees in financing

Solutions

• Spread the cost over a loan term you choose
• See the APR, term and fees side by side
• Ask for the cash price and the financed price to compare

• WHO IT FITS

Why A Solar Loan Might Fit Your Home

A solar loan can fit homeowners who want to own their system, have good enough credit to qualify and plan to stay in their home. It may not fit if you want zero responsibility for equipment, do not want to take on debt or expect to sell soon. Whether it saves money depends on the loan APR, the system price and your utility rates.

• Own the system and what it produces
• Choose a term that fits your budget
• Available through lenders in both California and Massachusetts, subject to approval

• THE COLLECTIVE POWER DIFFERENCE

We Compare Loan Offers So You Can See The Real Cost

We look at your roof, your usage and your utility rate, then compare loan offers with a PPA, a lease and a cash purchase, so you can see whether financing is really the best way for you to go solar.

Side By Side Offers

We show the APR, term, fees and monthly payment next to your other options.

No Cost To Check

Seeing your loan options is free and takes a few minutes, with no obligation.

Plain Answers

We explain fees and terms without jargon. Questions? Talk to our team.

What Moves The Number

What Affects Your Solar Loan Payment

Four things drive the payment. Ask about each one.

Amount financed

The system price minus any cash you put down, plus any fees rolled into the loan.

APR

The rate on the loan. Compare the APR, not just the monthly payment.

Term

A longer term lowers the payment but usually costs more in interest.

Your credit and loan type

Credit, home equity and whether the loan is secured or unsecured can change the rate you are offered.

We compare offers from financing partners when you get your solar quote.

Example Only

What A $25,000 Solar Loan Could Look Like

These numbers are illustrations, not a quote. Your rate depends on your lender and credit.

7 percent over 10 years

• Monthly paymentAbout $290
• Best forPaying it off faster

7 percent over 20 years

• Monthly paymentAbout $194
• Best forA lower monthly payment

9 percent over 20 years

• Monthly paymentAbout $225
• Best forSeeing how rate changes cost

Compare with a PPA rate or a cash price for your home.

Financing Types

Types Of Solar Financing To Ask About

Not every lender offers every type, and availability depends on your address.

Unsecured solar loan

No lien on your home. Rates often depend more on credit.

Home equity loan or HELOC

Secured by your home, which can lower the rate but puts your home behind the debt.

PACE financing

Repaid through your property tax bill, available only in certain places and programs.

Prefer no loan? Compare a solar lease, a solar PPA or a prepaid PPA.

• OTHER SIMILAR SERVICES

See The Other Ways To Pay For Solar

Power Purchase Agreement (PPA)

No loan and no ownership. Pay a rate for the electricity your system produces each month.

Cash Purchase

Skip the interest, own the system from day one and see the full cost upfront.

• HAVE MORE QUESTIONS?

Solar Loan FAQs

It depends on the lender and the loan type. Many unsecured solar loans look for scores in the 600s or higher, and the best rates usually go to higher scores, while some secured or specialty programs work with lower scores. We check which financing partners fit your profile when you request a solar quote. If credit is a concern, compare a solar PPA or a solar lease.

Rates change with the market and vary by lender, term, loan type and your credit. Instead of relying on a number from an article, ask for the APR and the full list of fees on every offer. We compare financing offers side by side for your home, so start your solar quote or ask our team.

A loan usually needs some credit history, but you have other routes. A solar PPA or a solar lease often has different approval standards, and a secured loan such as a home equity product may help if you have equity. We show what is realistic for your situation, with no obligation.

Yes, many homeowners do. A home equity loan or line of credit is secured by your home, which can mean a lower rate than an unsecured loan, but it also puts your home behind the debt. Compare the rate and fees with a regular solar loan and a cash purchase. Contact us to talk it through.

PACE stands for Property Assessed Clean Energy. The cost is repaid through your property tax bill instead of a monthly loan payment. PACE is available only in certain states, counties and cities, and only through approved programs, so we check by address. See where we work across our service areas and in California.

A loan makes you the owner and you handle upkeep with warranty support, while a lease has a fixed payment and the installer owns and maintains the system. A loan may suit you if you want ownership and long term value. A lease may suit you if you want less responsibility. Our services page compares them side by side.

A PPA has no ownership and no loan, and you pay a per kWh rate for the power produced. A loan means you own the system and pay it off over time. Which saves more depends on your utility rate, the PPA rate and its yearly increase, the loan APR and how long you stay in your home. We compare them for you.

The payment depends on the amount financed, the APR and the term. As an example only, financing $25,000 at 7 percent over 20 years is about $194 a month. Use any loan calculator with your real quote, then compare the payment with the electric bill it replaces. We run the numbers when you request a quote, and you can see the cash price on our cash purchase page.

The federal homeowner tax credit for solar ended for systems paid for after 2025, so do not count on it. States may have their own incentives, and the rules change, so confirm what applies in California or Massachusetts before you decide. Third party owned options such as a PPA or prepaid PPA work differently because the installer owns the system.

Some research has found that homes with owned solar can sell for more, though results vary by market and system. A loan means you own the system, so it can be part of the sale, and any remaining balance is paid off at closing. A leased or PPA system works differently. See the ownership side on our cash purchase page or learn how we work.

Sometimes. Some loans include fees that raise the price of the system compared with paying cash. Ask for the cash price, the financed price and the APR, then compare them. We show these side by side when we compare your offers, and you can also look at a prepaid PPA if you have cash and do not want to own the system.

Next Step

See What A Solar Loan Would Look Like For Your Home

Share your address and a recent electric bill. We compare loan offers with your other options and show you the numbers, with no obligation.

Also compare a solar PPA, a solar lease, a prepaid PPA or a cash purchase, browse California and Massachusetts, or contact us.