Solar Financing Options
Minnesota Solar Financing Options for Homeowners
Two of the most common questions we hear from homeowners are: “How do I pay for solar?” and “What incentives, tax credits, or rebates are available?” The great news is that there are excellent solar financing options along with valuable tax credits, grants, and rebates. In many cases, solar not only pays for itself—it also delivers tens of thousands of dollars in net savings over the first couple of decades. Champion Solar will guide you through the best options and handle each step of the process. In the meantime, explore the financing options below.
Center for Energy and Environment (MNCEE): Offers solar-specific loans with fixed interest rates and terms up to 20 years. Low interest rates, flexible terms, minimal fees and no pre-payment penalties make this one of the best options in Minnesota.
Property Assessed Clean Energy (PACE): Allows commercial property owners to fund solar installations through a property tax assessment, with terms up to 15 years, no fees and fixed interest rates. Payments are typically deferred until the following May, meaning your system can begin generating savings and incentives will be received before any payment is due. Thus, only a positive impact is made to cash flow.
Home Equity Line of Credit: Since property values typically go up by the net cost of solar, many people opt for this route if they can get better rates from their local bank or credit union.
Standard Solar Loan through Concert Finance: Allows for longer term loans, up to 25 years to reduce monthly payments amounts. The low monthly payment is locked in which saves more every year as the Utility continues to raise rates.
Solar Energy Tax Credits, Grants, and Rebates
Homeowners and commercial property owners looking to install solar panels in 2025 can benefit from a combination of federal, state, and utility incentives that significantly reduce upfront costs and enhance long-term savings. We work diligently to help our customers apply and obtain solar energy tax credits, grants, and rebates, and have access to solar panel financing options. Don’t hesitate to call us or schedule a no-obligation solar incentives consultation, solar financing consultation, solar energy analysis, or a solar panel installation consultation. From solar panel installation and EV chargers to solar battery backups and solar panel storm damage repair, you can count on Champion Solar to be your solar partner for life.
Champion Solar Panel Installation Service Area Minnesota and Western Wisconsin
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