Florida’s solar financing options for your home


Residential Solar System Financing

Florida’s solar financing options for your home


Paying for solar panels with cash is an upfront expense, however it is ultimately the lowest cost-effective way to purchase and benefit from solar panels. When solar panels are purchased with cash, interest will not accrue.

Solar Loan

Solar loans can also be eligible for rebates and incentives associated with purchasing solar panels—while making payments within the terms of the loan. As with any loan, interest will accrue over the course of the loan.


Commercial Solar System Financing


Solar energy systems can be purchased directly. A business loan can be acquired. Solar tax credits, such as the 26% federal tax credit and any other eligible incentives can be retained.

Over time, the solar energy system will pay for itself as power bill savings exceed the cost of the system.

Solar Loan

There are numerous loan payment terms and conditions available. Connect with PPM Solar to talk about loan financing.

For many of our customers, the savings on electric bills exceed the monthly loan payments.

Frequently Asked Questions

What Are the Normal Terms of a Solar Loan?

Typically, normal terms range from five to ten years. APR and monthly payments would depend on whether a loan is secured, unsecured, and your credit score.

What Exactly Are Solar Panel Loans?

A solar panel loans authorizes the purchase of a solar system and allows you to make payments over time, while generating an asset with significant financial value.

What Is the Difference Between a Solar Panel Lease and a Solar Panel Purchase?

If a solar panel is purchased, it is yours.  If you pay cash, it is yours immediately. If you use a solar panel loan to purchase the system, it is yours after the loan is paid in full. Leasing a system means you are “borrowing” it from a third-party owner. Once the lease terms come to an end, you do not own the system.

How Do You Qualify For Solar Panel Financing?

For secured, unsecured and second mortgage loans: 

A good credit score, the means to make the payments for the amount that is financed and how much other debt the borrower has. 


Financing through the Florida PACE program has a few more qualifying factors such as:

    • you must be the recorded owner of the property
    • mortgage payments must be current-only 1 late payment per 12 months is allowed
  • property taxes must be paid-can have NO late payments on file for the last three years
  • cannot have any bankruptcies for the last two years
  • must be clear of any defaults or foreclosures for the last three years

Can I Obtain Funding for Solar Panels?

Yes! There are several ways to obtain funding for solar panels. As listed above, loans and the PACE program are two ways. There are also incentives and rebates such as the current 30% federal tax credit. You can also apply for any applicable grants and rebates available in your area. The team at PPM Solar can help you find the best options to fund your solar system.

What are financing options available in Florida?

If you are unable to pay cash for a solar panel system, here are some other options: 

  • Loans
    • Secured
    • Unsecured
    • Second mortgage 
    • Zero down, zero % interest 
    • Some Florida utility companies offer loans to customers for solar systems
  • PACE program
  • Government Loans-Federal Housing Administration
    • PowerSaver Home Energy Updgrade
    • PowerSaver Second Mortgage (Title I)
    • PowerSaver Energy Rehab
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