Solar FinancingGo solar with zero up-front cost and pay less every month than you pay your utility today Learn More
Our solar financing options fall in two broad categories: loans or leases. With a solar loan you own your system and pay off the loan over time. With a solar lease, a financing company owns your system and you pay them a monthly fee to use the energy it produces.
A term loan is similar to mortgage.* This type of solar loan is great for customers who want to minimize the out-of-pocket cost of going solar but who still want to take advantage of the long-term economics of solar ownership.
The payments on these loans can be smaller than the savings on utility bills that result from going solar. Another advantage of a term loan is that the payments on it are fixed over the life of the loan, unlike the cost of utility electricity. You are also free to pay off your loan at any time with no penalty.
Once you pay off your loan, you essentially get free energy for the remaining life of your system.
Bridge loans are a type of solar loan popular with customers who want to own their system but who need to manage the timing difference between installation and receipt of state and federal incentives. Since solar incentives can account for a significant portion of the cost of a system, this type of loan allows customers to go solar with considerably less up-front investment.**
Just as with an automobile lease, with a solar lease you don’t actually purchase your solar system—you make payments for the right to use it over a period of time. The solar leases we offer are provided by SunPower, our equipment manufacturer.
Solar leases are great for consumers who want to immediately save money on their energy costs but who prefer not to invest in their system. We only offer leases where the annual payments on the lease are less than what you would pay to your utility for the same amount of electricity the system will provide.
The payments on a lease are also entirely predictable. Unlike your utility bill, they do not vary from month to month. They are also locked in for the term of the lease, providing protection against inflating utility prices.
Solar leases are also ideal for customers who don’t have a federal income tax liability and thus can’t take advantage of the federal tax credit for solar. Solar lease customers do not receive the federal tax credit or any state incentives, but rather benefit from those incentives through a lower monthly lease payment than they would otherwise receive.
At the end of the lease term, you may have an option to renew the lease for a period of time. If you don’t renew, the leasing company will remove the system.
Certasun is not a lender or finance company. The solar financing options described here are provided by third parties.
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* Loans provided by Enerbank USA, Member FDIC, (1245 Brickyard Rd., Suite 600, Salt Lake City, UT 84106) on approved credit, for a limited time. Interest waived if repaid within 365 days. 4.99% fixed APR. Repayment term of 240 months after Same-As-Cash period. First required payment due at endof Same-As-Cash period. Subject to minimum loan and monthly payment amounts. Interest starts accruing when funds disbursed.
** Loans provided by Enerbank USA, Member FDIC, (1245 Brickyard Rd., Suite 600, Salt Lake City, UT 84106) on approved credit, for a limited time. Repayment terms vary from 24 to 132 months. Interest waived if repaid within 365 days. 18.58% fixed APR, effective as of 11/1/2019, subject to change. Interest starts accuring when loan closes.