Residential Solar Loans

Tired of rising utility costs? Want to reduce your carbon footprint? How about both? No matter your reason for adding solar to your home, the team at VisionBank is here to guide you through the process of choosing and getting the exact loan to meet your needs. Let's get started!

Rates and Options → → Apply Online

We offer

Multiple loan and term options
Finance up to 100% pf your new solar electric system with no money down
Fixed interest rates
No prepayment penalty
No hassle, automatic payments
Apply online in minutes!

Our Process

We work with you to make financing your new solar electric system as simple, easy, and convenient as possible.

Solar Financing Options (choose 1 or both)

Customers may choose from multiple loan and term options including 100% financing and amortization periods stretching up to 12 years.

Solar Tax Credit Option

Covers project cost eligible for federal tax credit (up to 25% of project cost) and/or state incentives (such as Solar Renewable Energy Credits)
Up to 18-month, single payment loan (no monthly payments, pay off at end of term)
For federal tax credit details please contact your tax advisor
Borrower subject to interest rate at the time of loan closing

Residential Solar Term Loan Option

Finance up to 100% of your solar project with no money down
Up to 12-year, fixed-rate term loan
When combined with the Solar Tax Credit Option, it finances the remaining portion of your solar project cost after federal or state incentives
Borrower subject to interest rate at the time of closing

To find out more about Solar Financing Options, Contact Us or give us a call at 800-574-8123.

Apply Online → → Calculate Your Payment → → Common Questions

Term & Rate Structure	Loan Term	Lowest Possible Rate
Solar Tax Credit Option	Up to 18 months	8.950% APR*
Residential Solar Term Loan	8-Year Fixed Rate Loan	8.950% APR*
Residential Solar Term Loan	12-Year Fixed Rate Loan	9.300% APR*

Borrowers are subject to the interest rate at the time of loan closing. All loans, terms, and conditions are subject to change at any time. INTEREST CALCULATION METHOD. Interest on this Note is computed on a 365/365 basis; that is, by applying the ratio of the interest rate over a year of 365 days, multiplied by the outstanding principal balance, multiplied by the actual number of days the principal balance is outstanding. All interest payable under this Note is computed using this method.

How it Works

A $20,000 solar project with 100% financing works like this:

Using the Solar Tax Credit Loan Option – 25% of the project, or $5,000 could be borrowed at 8.950% APR* for 18 months with a single payment of $5,671.25
Using the Residential Solar Loan Option – the remaining 75% of the project could be financed using an 8-year fixed rate loan – $15,250 ($15,000 + $250 loan origination fee) at 8.950% APR* with 96 payments of $223.02.

*APR = Annual Percentage Rate. Rates shown are as of June 10, 2023 and are the lowest possible qualified buyers for that specific amount, loan type and term. Financing must be used for qualifying clean energy projects related to solar system installations and is subject to credit approval and program qualifications. Program includes a one-time $250 origination fee. Our lending program is available in Illinois, Iowa, Minnesota, Missouri and Wisconsin. All loan programs, rates, terms and conditions are subject to change at any time.