Solar Financing

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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).