The Solar Purchase – Cash or Financing

There are basically two ways you can acquire affordable solar panels and become energy-independent: Cash purchase or Financed purchase.

To help you get started we’ve outlined a few of the most popular financing options below. You can also contact us directly for a free, fully customized quote for your home. No commitment required.

With all purchases, we collect 60% of the project cost (check, cash, or credit card), and the remaining 40% when the system installation is complete. The average return on an all-cash solar investment is around 6 – 10 years, depending on system size.


Today it is possible to finance part or all of a solar system purchase.  There are a variety of options available with terms of 12 months to 20 years, ranging from no payments/no interest, to interest payments only for the first year, to preferred rate subsidies.  Many of these plans offer credit approval within minutes, and process the entire transaction electronically on your behalf. In addition to a loan, a buyer can also acquire short-term financing of the credits and incentives to keep initial out of pocket expense low without long-term financing.

Unsecured Loans

Associated Bank in Wisconsin has partnered with Arch Electric Solar to offer unsecured loans for solar projects base on the applicant’s financial statement.  These loans can extend to 10-year terms with favorable interest rates.


Associated Bank offers financing for your solar project. For more information, contact Amy Giles at 262-685-3008

Home Equity Loans

Standard and special mortgages are available to homeowners who want to finance portions of their solar system costs.  In one case an energy efficiency mortgage credits a home’s energy efficiency in the mortgage itself.  Some options are targeted to new home construction, while others may apply to existing home improvements. Your installation and financing partner can explain options that apply to each specific situation.  The interest on these loans may be claimed as a tax deduction.

Financing Options from GreenSky
Finance Your Solar Project
Financing for GreenSky© credit programs is provided by federally insured, federal and state chartered financial institutions without regard to race,color, religion,natinal origin, sex or familialstatus. NMLS #1416362; CT SLC-1416362; NJMT #1501607 C22

What you need to know about solar tax credits

The state of Wisconsin doesn’t charge sales tax for the purchase of solar. Through the solar Investment Tax Credit (ITC), the federal government allows 30% of the solar system cost as a credit off of owed federal taxes. The tax credits are a huge incentive for many people because they offset nearly one third of the purchase price!

Solar is a Great Investment

An added benefit to purchasing or financing your solar electric system is the net increase in your home’s real property value. A new 2016 study revealed that there is demand from home-buyers for solar energy homes, finding that buyers consistently have been willing to pay more for homes with photovoltaic energy systems.

The study – “Selling into the Sun: Price Premium Analysis of a Multi-State Dataset of Solar Homes” – found that buyers were willing to pay an average of about $4 per watt of PV installed – across various states, housing and PV markets, and home types. This equates to a premium of about $15,000 for a typical 3.75 kW PV system.

Real estate professionals will tell you that some home improvements will add value to your home. Others, not so much.

For years it was an article of faith that adding a deck or updating a kitchen would pay off when it came time to sell. Putting in a swimming pool, on the other hand, didn’t add a premium.

Lately, something else has helped sell a house. The National Association of Realtors (NAR) noted in 2016 that going green seemed to make a house more desirable. It said a survey found that buyers placed a high importance on energy efficiency when searching for a home.

Things that affect monthly energy costs were frequently cited as the most important. Some 35% of home buyers said heating and cooling costs were the most important green feature of a home, followed by energy-efficient appliances and lighting, at 22% each.