Financing Options

Financing Options

There are many different financing solutions available when making the choice to invest in solar, each with their advantages.

Blue Sky Solar has many different loan options to fit the needs of each customer.

Low Interest Option

  • 2.99% APR (OAC)
  • Zero out of pocket
  • Instant approval available
  • Simple interest, no pre-payment penalties
  • Uses solar equipment as collateral, not your home

Low Cost Option

  • 5.99% APR (OAC)
  • Zero out of pocket
  • Instant approval available
  • Simple interest, no pre-payment penalties
  • Uses solar equipment as collateral, not your home

Commercial Loan

  • 4.99-6.99 APR (OAC)
  • Zero out of pocket
  • Stream-lined application process with high approval percentage
  • Interest only payments for the first 12 months
  • 30% to 40% investment due within 12 months (from tax credit and incentives)

Commercial Lease

  • 7 year lease with payments at or near existing electric bill
  • Buyout is 15% of original purchase price after 7 years
  • A lease designed for those who care about ownership
  • Take advantage of the tax savings even without the tax liablility.

Home Equity Loans

This option is the most difficult loan to acquire, but it offers the lowest cost and offers additonal tax benefits to the customer. If you have equity in your home, and the patience to go through the application process, it is a great option.