Solar Financing

Financing

LA Solar Group offers a variety of flexible financing solutions to make going solar possible for almost everyone, while still providing energy savings. Solar panel installation cost should not stop you from going solar.

Our financing options allow you to enjoy the benefits of going solar without the large initial cash outlay. Although a cash purchase provides the most financial benefits, including the shortest payback period, financing-related benefits are not far behind.

Solar panel financing is a nice option for those who want to go solar, but do not have enough cash. Solar loans assist in financing solar panels and their installation cost. In comparison to other types of loans, solar loans are a great way to receive immediate financial value. Solar panels will help you save money for an extended period.

When considering whether to choose a solar loan or solar lease, it is important to understand each option’s terms. They both are going to make the electric bills less and reduce the environmental impact. If you are eligible for a federal solar tax credit or any other state solar incentive program, solar panel purchase is the best option. Otherwise, in the case of solar lease, the solar panel company owns the panels and receives the tax incentives from the government.

Private Lending

There are some options in finance companies that provide solar lending to assist in solar panel costs. Major solar lenders are: Mosaic, Sunlight Financial, Sungage Financial, Matador Community Credit Union, Admirals Bank, Enerbank, GreenSky, and Energy Loan Network. In private lending, you can expect:

  • Credit check required
  • No pre-payment penalty
  • Fixed interest rate (starting at 2.99%)
  • Secured and unsecured financing
  • $0 down option
  • Flexible terms

PACE

(Property Assessed Clean Energy)

Major PACE finance companies are: Hero, Renew Financial, Ygreen Works. With PACE, you can expect:

  • No credit check required
  • Financing based on minimum 15% home equity
  • Tax deductible interest rates starting at 6.5%
  • Payments can be rolled into property taxes
  • $0 down option
  • Terms between 5-25 years

Please contact us via phone, email, or by completing the contact form. One of our consultants will work with you to create the best solution that fits your needs.

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