Monthly Solar Loan from Simple Power
Purchasing your own home solar system is within reach. When you go solar with Simple Power’s monthly solar loan, cost doesn’t have to be a barrier.
You can get a custom solar system with:
- • little to no up-front cost
- • fixed monthly loan payments
- • and a competitive interest rate
You can also:
- • add a solar battery
- • qualify for solar incentives
- • and potentially build property value
The Perks of Financing a Simple Power Solar System
Competitive Solar Loans
Simple Power’s monthly solar loan process is straightforward and hassle-free. Enjoy quick approvals and competitive interest rates when you apply.
Expert Solar Support
We’re here for you every step of the way. From paperwork to permits, our experienced Solar Advisors can handle all aspects of your home solar system installation.
Get Solar Incentives
Solar incentives, like federal and state tax credits, solar rebates, and sales and property tax exemptions, will go directly to you.
Solar ownership is at hand
Get best-in-class solar and storage
Take control over rising energy costs
Qualify for the 30% federal tax credit
Discover the incentives in your area
Frequently Asked Questions
Our monthly solar loan allows you to finance your home solar system purchase with as little as $0 down, along with low, fixed monthly payments and a competitive interest rate. When you decide to own a system, you’ll enjoy all the solar incentives for which you may qualify, like the federal tax credit, property and sales tax exemptions, and solar rebates.
At Simple Power, we’re here to guide you.
1. See if you qualify for one of our Simple Power plans.
2. You’ll hear from one of our knowledgeable Solar Advisors to provide you with a free energy consultation.
3. We’ll discuss the financing options that best match your budget and unique needs.
After your consultation, your Simple Power Advisor will create a proposal, including a home solar system design tailored to maximize energy production at home, along with a final loan quote. You can also review your solar and storage products and choose to add our comprehensive Simple Power Service Warranty on top of your equipment’s manufacturer warranty.
Once you decide that our monthly loan plan is right for your needs, we’ll reach out to one of our trusted loan providers to help you get a fast-approval finance plan with fixed, low interest rates.
Figuring out if your home is good for solar relies on several factors, like where your house is located, the angle of your roof, roof shading, and how old your home is.
In order to understand if your home is suitable for solar, get in touch with one of our Solar Advisors. They’ll run a personalized analysis of your home with BrightPath™, our proprietary solar design technology. We’ll only recommend solar if it’s the right fit for your home energy needs.
Every household will need a different number of panels based on how much energy it uses, the climate in the area, and how much direct sunlight hits its roof.
We’ll figure out how much power a system will need to produce to power your home during your free consultation.
Solar panels can last anywhere between 25 to 30 years, sometimes more. This doesn’t mean that the panels on your roof will stop producing electricity after a couple of decades. It just means their energy production will decrease by what solar panel manufacturers consider optimal to meet the average household’s energy needs. With proper care and maintenance, you can expect to receive significant solar benefits for the next 20 to 30 years.
Solar panels could help you build home value. Fortunately, since most states offer property tax exemptions for home solar systems, you may not need to pay extra for the potential value your system adds to your home. Going solar is the gift that keeps on giving!
Studies show that owning solar panels could potentially increase your property value. For example, solar homes in California sell for $20,000 more on average, while solar homes in other states sold for about $15,000 more. With numbers like that, you could likely recover the cost of your system if you decide to sell your home. So you’ll not only enjoy clean, reliable energy, you’ll rest easy knowing that you made a smart investment.
Once you’re approved for a solar installation, your home will undergo a site assessment so our expert Solar Technicians can work on and present your system design.
After that, our Solar Design Experts will make any necessary adjustments to your solar design and get your final approval. Once it’s approved, we’ll submit your design to the city for permitting, which can take up to eight weeks. From there, either Sunrun or one of our local certified partners will perform your solar installation. We only partner with the top-rated solar installers, so rest assured that you’ll end up with the highest-quality solar installation possible.
When your installation is complete, the city or county will perform a final inspection of your system. Once it’s approved, it’ll be connected to the grid, and we’ll submit your documents to your utility company. After your utility company grants Permission to Operate (PTO), you’ll be ready to power your home with the sun.
The interest on solar panel loans is only tax-deductible if they’re secured loans, such as a home equity loan. Our monthly loan plan offers unsecured financing through one of our trusted loan partners, so the interest on your loan will not be eligible for a tax deduction. However, you’ll be able to purchase a home solar system with as little as $0 down, along with the added benefit of low, fixed interest rates. What’s more, you can still qualify for solar incentives, like the federal solar Investment Tax Credit (ITC).
See the states where Simple Power is currently available and which solar incentives might be offered in your state. Some of the most common solar incentives include state tax credits, property and sales tax exemptions, Solar Renewable Energy Credits (SRECs), and solar rebates from your local utility. No matter which state you live in, you may also be eligible for the federal solar Investment Tax Credit (ITC) when you purchase your own system.
Our monthly solar loan lets you enjoy the benefits of solar energy without having to pay the total cost of a home solar system up-front. Simple Power lets you become a solar owner with as little as $0 down. We only partner with trusted loan providers to help you get fast-approval, hassle-free financing plans with low, fixed interest rates.
You may also get lower electricity bills and carbon emissions. Plus, you could qualify for any tax credits, tax exemptions, and solar rebates available in your state.
We only offer best-in-class solar equipment, including rooftop panels and batteries with the highest quality workmanship. All of our solar and storage products are backed by robust manufacturer warranties. Contact one of our Solar Advisors to learn more today.
We stand by our solar and battery systems and only use technology that maximizes their quality, efficiency, and affordability. All of our home solar and storage systems are backed by robust warranties. Since our monthly solar loan customers own their systems, they’ll have to cover any cost of repairs outside the scope of the manufacturer warranties.
Brightbox, our holistic home solar battery storage service, can help you power through outages and bill spikes, day and night. It could also help you save money compared to gas- or diesel-powered generators. No fumes, no noise, and no-hassle—Brightbox is fueled every time the sun is out.
Due to tech compatibility, Brightbox is only available with the installation of a new Simple Power home solar system.
We get it. Life happens. That’s why Simple Power makes it easy to transfer your monthly solar loan agreement to the new homeowners.
Our Service Transfer Specialists handle everything from educating realtors and potential buyers to working with escrow officers, title agents, home inspectors, and anyone else who might need to know about your system or solar loan agreement.