Investing in solar panels is one of the smartest ways to lower your energy costs and reduce your carbon footprint. But for many homeowners and business owners, the big question is: How do I pay for it? Fortunately, there are several financing options available to make solar accessible without requiring you to pay the full cost upfront.
Home Equity Loans and Lines of Credit
If you have built up equity in your home, a home equity loan (or home equity line of credit, or HELOC) can be a cost-effective way to finance solar. These loans often offer lower interest rates because they are secured by your property. However, using home equity does put your home at risk if you fail to make payments.
Personal Loans
Unsecured personal loans are another option, especially if you don’t want to tie the loan to your property. The downside is that interest rates are usually higher than home equity loans. That said, the application process is often quicker, and funding can happen in days.
Solar-Specific Loans
Some lenders offer financing specifically for solar projects. These loans may be secured by the solar equipment rather than the home itself, and they’re structured to align with the expected energy savings. Certain utility companies also provide solar loans with on-bill repayment, which allows you to pay through your monthly electric bill.
Get Your Energy Independence
Government Incentives and Lump Sum Payments
Federal and state solar incentives, like the federal solar tax credit, can significantly lower your project’s net cost. Some homeowners choose to apply these savings directly toward their loan balance, helping to pay down the principal faster and reduce long-term interest costs.
Why We Recommend Atmos Financial
While there are many financing routes to choose from, we recommend Atmos Financial as our preferred partner for solar loans. Atmos offers competitive rates, flexible terms, and a lending philosophy focused on accelerating the clean energy transition. Unlike many traditional banks, Atmos puts your money to work funding renewable energy projects rather than fossil fuels.
With Atmos, you can:
- Access tailored solar loan options with clear terms
- Avoid hidden fees and surprise costs
- Work with a lender committed to climate-positive investments
By financing through Atmos, you’re not just investing in your own energy independence—you’re also supporting a company that aligns with your environmental values.
See If You Qualify
Financing your solar installation doesn’t have to be complicated. Whether you’re looking for the lowest interest rate, the fastest approval, or a lender with strong sustainability commitments, there’s a solution for you. If you want a seamless process, fair terms, and the satisfaction of knowing your money is helping the planet, get prequalified now with Atmos Financial.