Finance your solar energy system

EnergySage is the leading source of solar financing information. Review your financing options below to learn more.

Solar Financing FAQ

What solar energy rebates and incentives are available?

Solar rebates and incentives vary depending on where you live. The most significant is the 30 percent federal investment tax credit (ITC), which allows you to deduct 30 percent of the cost of your solar energy system from your taxes. Some states offer additional tax credits, and certain municipalities and utilities also offer cash rebates or other incentives.

What are my solar financing options?

There are three solar financing options: you can purchase your system in cash, take out a solar loan to buy your system, or sign a solar lease/power purchase agreement (PPA). EnergySage’s Instant Estimate Tool can help you assess the costs and 20-year savings of each solar financing option; its calculations are based on your roof plus real quote data from your area.

Should I buy or lease my solar panel system?

The decision to buy or lease your solar energy system depends on your reasons for going solar. If you are interested in maximizing the financial returns of your solar energy system, buying the system is probably a better decision for you. However, if you prioritize an easy, maintenance-free way to reduce your energy bills and help the environment, you should consider a solar lease.

Which is better – solar loans or solar leases?

Solar loans and solar leases each have advantages and disadvantages. Both options reduce your monthly electricity bills and your impact on the environment, but the terms and conditions of each type of agreement are different. Compare solar loans and solar leases on EnergySage to determine which one is right for you.

What is the difference between secured solar loans and unsecured solar loans?

The primary difference between secured and unsecured solar loans is that secured solar loans require that you promise an asset, usually your home, as collateral for the money that you borrow. Unsecured solar loans do not, but their interest rates are generally higher to compensate for the increased risk taken on by the lender. To understand which financing option is best for you, evaluate offers for both secured and unsecured loans on EnergySage.

How do I choose the best solar loan?

Many different institutions offer solar loans, including local and national banks, specialty financing companies, manufacturers, and credit unions. To choose the best solar loan for you, compare options from a few different financing providers. Use the EnergySage Solar Marketplace to review multiple equipment, installer, and financing options.

Still have more questions?
Visit our solar financing section
Company
Service Area
Products
Term
Service Area AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY
Loan Types Loan
Term
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Amerifirst 
Service Area AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY
Loan Types Loan
Term
Banner Bank 
Service Area WA
Loan Types Loan
Term
Bridgecore 
Service Area PA
Loan Types Lease/PPA
Term
Service Area CA, AZ, HI, MA, NJ, TX, CO, CT, NY, NJ, TX, NC
Loan Types Loan and PPA
Term
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Service Area MN
Loan Types Loan
Term 20 years
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Service Area HI
Loan Types Loan
Term 20 years
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Service Area WI
Loan Types Loan
Term 15 years
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Service Area TX
Loan Types Loan
Term
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Service Area WA
Loan Types Loan
Term 10 years
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Service Area FL
Loan Types Loan
Term 10 years
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Service Area WA
Loan Types Loan
Term 7 years
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CT Green Bank 
Service Area CT
Loan Types Loan
Term
Clean Power Finance 
Service Area AZ, CA, CO, CT, HI, LA, MA, MD, NV, NJ, NY
Loan Types Loan, Lease/PPA
Term
Service Area CO
Loan Types Loan
Term
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Service Area AZ, CA, NY
Loan Types Lease/PPA
Term
Service Area AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY
Loan Types Loan
Term
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Service Area CA
Loan Types Loan
Term 6 years
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Service Area CO
Loan Types Loan
Term 3–15 years
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Service Area AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY
Loan Types Loan
Term 12 years
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First Associates 
Service Area AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY
Loan Types Loan
Term
Service Area NC
Loan Types Lease/PPA
Term
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First New York Federal Credit Union 
Service Area NY
Loan Types Loan
Term 20–20 years
Service Area CO
Loan Types Loan
Term 5–20 years
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Service Area AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY
Loan Types Lease/PPA
Term
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Service Area AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY
Loan Types Loan
Term 12 years
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Greenworks 
Service Area CT, MD, DC
Loan Types Loan
Term
Service Area CA, CO, DE, IN, MA, NC, NJ, PA, VA
Loan Types Loan, Lease/PPA
Term
Service Area OH
Loan Types Loan
Term 5–5 years
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Service Area CA
Loan Types Loan
Term 5–20 years
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Service Area ID
Loan Types Loan
Term 5–5 years
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Service Area MA, MD
Loan Types Lease/PPA
Term
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Service Area IA
Loan Types Loan
Term 20 years
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Spruce 
Service Area AL, AZ, CA, CO, CT, DC, DE, FL, HI, IA, ID, IL, IN, KS, KY, LA, MD, ME, MI, MN, MO, MS, NE, ND, NM, NJ, NV, NY, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, WA, WI, WV, WY
Loan Types Loan, Lease/PPA
Term
Service Area AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY
Loan Types Loan
Term 2–7 years
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Service Area CA
Loan Types Loan
Term 8–20 years
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Service Area MI
Loan Types Loan
Term 10 years
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Service Area MT
Loan Types Loan
Term 20 years
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Service Area AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY
Loan Types Loan
Term
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Service Area AZ
Loan Types Loan
Term 2–5 years
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Service Area NE
Loan Types Loan
Term 1–10 years
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Service Area CA, CO, CT, HI, MA, NC, NJ, NY, PA,TX,
Loan Types Lease/PPA
Term
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Service Area AZ, CA, CT, HI, MA, NJ, NY
Loan Types Loan, Lease/PPA
Term
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Service Area OR
Loan Types Loan
Term 10–20 years
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Service Area NC
Loan Types Loan
Term 7 years
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Service Area CA
Loan Types Loan
Term 20 years
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Service Area NJ
Loan Types Loan
Term
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Service Area WA
Loan Types Loan
Term 15 years
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Service Area CA
Loan Types Loan
Term 5–20 years
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Renewable Funding 
Service Area CA, KY, OH, PA
Loan Types Loan
Term
Service Area TX
Loan Types Loan
Term 30 years
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Service Area CA
Loan Types Loan
Term
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Service Area SC
Loan Types Loan
Term 10 years
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Service Area CA
Loan Types Loan
Term 10 years
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Service Area CA, CT, DE, HI, IL, MA, MD, ME, MI, NH, NJ, NY, OH, PA, PR, RI, TX, VA, DC
Loan Types Lease/PPA
Term
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Service Area AZ, CA, CO, CT, DE, HI, MD, MA, NV, NJ, NY, OR, PA, TX, WA, DC
Loan Types Loan, Lease/PPA
Term
Service Area NJ
Loan Types Lease/PPA
Term
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Service Area FL
Loan Types Loan
Term 5–15 years
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Service Area OH
Loan Types Loan
Term
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Summit Credit Union 
Service Area WI
Loan Types Loan
Term
Service Area AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY
Loan Types Loan, Lease/PPA
Term
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SunWest 
Service Area AL, AK, AZ, AR, CA, CO, CT, DE, FL, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY
Loan Types Loan
Term
Service Area CA, CO, CT, FL, MD, MA, NH, NJ, NY, TX, VT
Loan Types Loan
Term
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Service Area AZ, CA, CO, CT, DE, DC, MD, MA, NM, NJ, NY, NC, VT
Loan Types Lease
Term
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Service Area AZ, CA, CT, DE, HI, IN, LA, MA, MD, MO, NJ, NM, NV, NY, OR, PA, TX
Loan Types Loan, Lease/PPA
Term
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Service Area AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, KS, LA, ME, MD, MA, MI, MN, MS, MT, NE, NV, NH, NJ, NM, NY, NC, OH, OK, OR, PA, RI, SC, TN, TX, UT, VT, VA, WA, WI, WY
Loan Types Loan, Lease/PPA
Term
Service Area AZ, CO, CT, DE, HI, MA, MD, NH, NJ, NV, NY, OR, PA, SC
Loan Types Loan, Lease/PPA
Term
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Service Area CA
Loan Types Lease/PPA
Term
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Service Area AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY
Loan Types Lease/PPA
Term
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Umpqua Bank 
Service Area WA
Loan Types Loan
Term
Service Area VA
Loan Types Loan
Term 20 years
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Velocity Credit Union 
Service Area TX
Loan Types Loan
Term 10 years
Bay Coast Bank 
Service Area MA, RI
Loan Types Loan
Term
CaliforniaFirst 
Service Area CA
Loan Types Loan
Term
Energy Loan Network 
Service Area CA
Loan Types Loan
Term
Bank Five 
Service Area MA
Loan Types Loan
Term 10 years
First Citizens' Federal Credit Union 
Service Area MA
Loan Types Loan
Term 10 years
North Brookfield Savings Bank 
Service Area MA
Loan Types Loan
Term 10 years
Shrewsbury Federal Credit Union 
Service Area MA
Loan Types Loan
Term 10 years
UMassFive College Federal Credit Union 
Service Area MA
Loan Types Loan
Term 10 years
Weymouth Bank 
Service Area MA
Loan Types Loan
Term 10 years
Ygrene 
Service Area CA, FL
Loan Types Loan
Term
Service Area AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY
Loan Types Loan
Term 15 years
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