Solar Loan & Financing Calculator (2026)

See your monthly payment, total interest, and whether solar financing beats paying your electric bill — before you talk to an installer.

Get quotes + financing options from local installers

Free, no obligation · EnergySage shows cash + loan options side by side

Solar loan calculator

Enter your system cost (before or after the federal credit) and loan terms to see your monthly payment and total cost of financing.

How solar financing works

1. Get your system cost

Installers quote the gross cost (before incentives). A typical 10 kW system runs $24,000–$30,000 depending on your state and equipment.

2. Apply the 30% credit

Many borrowers use their year-1 federal tax credit to make a lump-sum principal paydown, effectively financing only the after-credit net cost.

3. Compare to your bill

If your loan payment is lower than your electric bill, you cash-flow positive on day one. If not, calculate how long until production savings exceed the payment.

Common solar loan scenarios

System costAfter 30% credit5-yr @ 5.99%10-yr @ 6.99%20-yr @ 7.99%
$18,000$12,600$243/mo$146/mo$105/mo
$22,000$15,400$297/mo$179/mo$128/mo
$26,000$18,200$351/mo$211/mo$152/mo
$30,000$21,000$405/mo$244/mo$175/mo
$36,000$25,200$486/mo$293/mo$210/mo

Monthly payments are approximate. Use the calculator above for your exact numbers.

Frequently asked questions

What solar loan interest rates are typical?
Solar loans through installers or dedicated solar lenders typically range from 3.99% to 9.99% APR for qualified borrowers. Rates vary by credit score, lender, and whether the loan is secured or unsecured. GreenSky, Mosaic, and Sunlight Financial are common lenders; many EnergySage installers offer financing.
Is a solar loan better than a cash purchase?
If your loan payment is less than your monthly electricity savings, you're cash-flow positive from day one — effectively getting solar for free. At low rates (under 5%), the NPV difference vs. cash is small. At higher rates (7%+), cash is meaningfully better if you have it, but financing still beats doing nothing if the payment is less than your electric bill.
Can I still get the 30% tax credit if I finance solar?
Yes — the 30% Residential Clean Energy Credit is based on system cost, not how you pay for it. If you finance, many lenders offer a "dealer fee rebalance" where you pay down the loan with your tax credit in year 1, reducing your principal. This can significantly improve the loan math.
What is a good solar loan term?
10-year loans are the most popular: they balance a reasonable monthly payment with not paying too much interest. 20-year loans offer lower payments but cost more in total interest. 5-year loans minimize total interest but have higher payments. Use our calculator to see the difference for your system size.
How do I compare financing offers?
Look at: (1) APR, not just the stated rate, (2) dealer fees — some "0% APR" loans have a hidden fee baked into the system price, (3) whether early payoff is penalty-free, (4) what happens to the loan if you sell your home. EnergySage shows multiple installers with multiple financing options side by side.

Ready to compare real financing options?

EnergySage lets you see multiple installers' cash and loan options side by side — so you can choose the structure that fits your budget.

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