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Home Solar Power and Panels Financing
Save money with solar. Save time with PACE.
PACE financing gives homeowners a smart, simple way to pay for solar power. No money down. Secure, predictable payments. And a convenient way to apply.
Smart Considerations.
Solar Tax Credit
You may qualify to deduct 30 percent of the cost of installing a solar system from your federal taxes. (Talk to your tax advisor about qualification details.)
Fixed rates
Our fixed rates are competitive, ensuring stable and predictable payments.
Long term financing
Repayments over long periods (10 - 30 yrs) may reduce your average payment amount.
PACE is the best way to finance home solar
Frequently Asked Questions about Solar Financing
All critical roof maintenance, repairs, or replacement should be taken care of prior to installing solar panels, which will last up to 25-35 years. If you’re roof needs to be fixed, it can be very costly to remove and reinstall the solar panels. Fortunately, if you need a new roof, that project is also eligible to be financed with PACE financing from Renew. So a new roof with solar is affordable.
When you work with our solar contractors, you can be assured that any product they recommend will meet our high standards of approved for financing.
Our finance comparisons do not take solar savings into consideration. Savings will vary project-to-project and home-to-home. As such, we do not include them in the financing comparisons throughout our website.
Solar panels have little to no maintenance costs. In fact, they don’t even regular cleaning. Most equipment manufacturers include warranties for their panels, though warranty terms will vary by solar manufacturers.
To find out if the contractor you’d like to use is a Renew Financial Registered Contractor, click on the Find a Contractor link in the homeowner section of our site, and enter the name. If the name appears, you're good to go. If it isn't on our list, your contractor can apply to be a Renew Financial Registered Contractor. In the meantime, our “Find a Contractor” feature will help you identify a high trained professional who can help you with your specific home improvement needs.
Yes, certain pre-paid solar leases and PPAs can be financed through Renew Financial. Please give us a call at 844-736-3934 for more information.
Both solar water heating and battery costs may be financed with PACE. For a complete list of eligible solar products and projects, you can download a PDF at the Choose Your Project section of our website.