Solar Financing

Loan Terms

• Click for current interest rates 

• Loan amounts up to $50,000​

• No maximum income limit

• Loan terms up to 15 years

• No down payment required

• This loan is secured by a mortgage on the property. 

• Utility rebates and tax credits may be included in the loan amount

Property Eligibility

• 1-4 unit owner-occupied properties

• Properties under construction or used for commercial purposes are not eligible

Types of Improvements

• Eligible improvements include: solar photovoltaic (PV) systems that produce renewable energy for a residence and garage through the installation of PV solar systems,

• Maximum size 10kW for projects $20,000 or less

*APR is based on $50,000 over 5 years. Closing costs apply.

The current loan terms and conditions stated, including interest rates, do not constitute a commitment to lend or offer to enter into agreement, Such an offer may only be made pursuant to Minnesota Statutes, Section 47.206(3) and (4).