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.
Get Solar for 30% Less — No Tax Credit Needed
In recent legislation, Congress eliminated the 30% Federal Tax Credit for residential solar installation. As a result, Champion Solar responded with our own 30% off residential solar installation program without needing or using tax credits. We engineered a streamlined system to deliver 30% off — automatically upfront. Same savings as the federal residential tax credit. Zero extra paperwork. All power. No gimmicks, simply American ingenuity at its best.
Champion Solar Panel Installation Service Area Minnesota and Western Wisconsin
Solar Experts You Can Trust
You don’t have to search far and wide for a reliable solar company. Contact us now and switch to clean, green, and sustainable energy.