Financing

If you can’t purchase a system outright, consider financing. Several resources are available for financing a solar electric system including:

  • Home refinance
  • First mortgages
  • Banks (many will finance for less than prime rate)
  • Construction loans
  • Home equity loans
  • Solar vendors (some provide financing)
  • Leasing

Mortgage loans and home equity loans offer several advantages: longer terms, lower interest rates than conventional bank loans, and tax-deductible interest. In addition, adding a solar electric system to a loan at the same time that you build, buy, or refinance will reduce paperwork and simplify the purchase.



Related Links & Files
New Fannie Mae Energy Program Helps Americans Go Solar Solar Financing Options for Homeowners - An Infographic

Costs & Incentives
Financing
Incentives
Net Metering
Red Flags for Solar Scams
Choosing a System
Purchasing Solar
Solar Leasing
Community Solar
Installation and Maintenance
Choosing an Installer or Contractor
Questions to ask a solar installer
What should my solar bid include?
How Solar Works
Types of Solar Panels
Types of Solar Electric Systems
Resources
Solar Legislation
Reports and Publications
Training Programs
Solar Related Terms
Local Government Resources
Solar Press

Solar Photos

Office of Regulatory Staff
Energy Office
1401 Main Street, Suite 800
Columbia, SC 29201