Residential Solar Financing
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About the Loan
- No maximum income limit.
- Loan amounts up to $75,000.
- Loan terms up to 15 years.
- No down payment required.
- 1-4 owner-occupied residential properties.
- Properties under construction or used for commercial purposes are not eligible.
- Loan approval is subject to credit and program guidelines.
Subject to change at any time. Starting rates are up to 90% Loan-To-Value. Loans can go up to 100% Loan-to-Value. APR based on loan amount of $75,000.
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Based on current rates. Rates based on 90% Loan-To-Value or 100% Loan-To-Value. Qualifications apply.
- This loan is secured by a mortgage on the property.
- Utility rebates and tax credits may be included in the loan amount.
- Eligible improvements include solar photovoltaic (PV) systems that produce renewable energy for a residence and garage through the installation of PV solar systems.
- All contractors must have a Building Contractor and Electrical License with the MN Department of Labor and Industry.
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).