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Solar Lending

Solar Lending

Residential Solar Financing

For a cleaner tomorrow

Harness the Power of the Sun

Install solar and claim the 26% Federal Tax Credit!

Apply Online

The immediate reduction in monthly electricity spending can be enough to cover all, or most, of the solar loan payment.

greenpenny Features

Swap your monthly utility bill for a monthly solar payment.

  • Finance up to 100% of your new solar electric system with no money down
  • Borrow up to $50,000
  • Fixed interest rates – so you’re protected from an increase in payment costs
  • No prepayment penalty
  • No hassle, automatic payments
  • Apply online in minutes!

For Residential Solar Installation Contractors, click here to download our Residential Solar Financing PDF.

Solar Financing Options (choose 1 or both)

Solar Tax Credit Option

Up to 15-month fixed solar loan at 4.45% APR*
This covers your eligible project cost up to 26% solar tax credit.
For details, see Section 48D federal income tax credit for residential solar electric systems or consult your tax advisor.

Residential Solar Loan Option

Up to 12-year fixed rate solar loan at 4.45% APR*
This finances the remaining 74% of your solar project cost.

To find out more about Solar Financing Options, Contact Us or give us a call at 888-GPENNY0 (888-473-6690).

Apply Online Calculate Your Payment

Lending Tips

  • Get pre-approved with greenpenny so you know how much to borrow. It’s that easy.
  • Set aside 10-15 minutes to complete your online loan application.
  • You will need to provide the following for each applicant: date of birth, a U.S. social security number, valid form of photo ID such as driver’s license, passport, military, or state ID.

Learn How to Apply

*Financing must be used for qualifying clean energy projects related to solar system installations. APR = Annual Percentage Rate. Rates shown are the lowest possible rates for qualified buyers and are contingent on auto-pay from a qualifying deposit account. If no auto-pay, lowest APR is 4.95%. Rates may change dependent on credit qualifications and underwriting factors. Subject to credit approval and program qualifications. As an example, for a $20,000 solar project with 100% financing, 26% of the project or $5,200 could be borrowed at 4.45% APR for 15 months for a single payment of $5,496.88; the 12-year loan for the remaining 74% of the project, or $14,800, at 4.45% APR has 144 monthly payments of $132.84 a month. Standard offering includes a $50 loan origination fee. Our solar lending program is only available in Illinois, Iowa, Minnesota, Missouri and Wisconsin.

Free Personal Checking

Free Checking

A virtual, carbon-neutral bank with free checking, no ATM withdrawal fees, and access to real bankers? Yes, please.

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Bank Fund

What does your bank fund?

Here, it's no secret. Your deposits help finance renewable energy projects.

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