Residential Solar Loan Calculator

Residential Solar Loan Calculator

Residential Solar
Loan Calculator

Calculate Your Payment

The immediate reduction in monthly electricity spending can be enough to cover most, if not all, of the solar loan payment. Use our Residential Solar Loan Calculator below to estimate your financing payment. Then compare to your monthly electrical payment. Talk to your solar installer or utility provider to ensure an accurate comparison.

Questions you might ask include:
  • What’s the estimated cost of your solar installation project?
  • Are there energy efficiency updates that could be done, like installing LED lighting, to reduce the size of the proposed solar system?
  • What are the projected reductions in your monthly electric bill after the solar system is installed? Remember, energy costs are projected to increase over time!
  • Can you use the Federal Investment Tax Credit? Consult your tax adviser.
  • Are there other financial incentives in your area that could help offset the cost of your solar system, or help pay your loan off sooner?

To find out more about loan terms and features, visit our Residential Solar Financing page, Contact Us or give us a call at 888-GPENNY0 (888-473-6690).

Residential Solar – Solar Tax Credit Loan

A maximum loan term of of 18 months is available.

$23,728.33 Single Payment Amount

$23,000.00 Total Amount to Finance

$728.33 Total Interest

Residential Solar - Term Loan Calculator

The figures entered on the input page of this calculator are for hypothetical purposes only. You should enter figures that are appropriate to your individual situation. The results provided by this calculator are also intended for illustrative purposes only and accuracy is not guaranteed. Greenpenny and its affiliates are not tax or legal advisers. This calculator does not assure the availability of or your eligibility for any specific product offered by greenpenny, its affiliates or any other institution. Please consult with a qualified tax or legal professional to discuss your situation. The terms and conditions of products offered by institutions will differ and may affect the results of the calculator. 

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