Solar Financing Florida Homeowners Rely On
Solar financing in Florida explained: solar loan options and real monthly payments, so you know the true cost before you sign anything.
Tesla Energy
Certified Installer
FL Licensed
Solar + Roofing + Electrical
Veteran Owned
Florida business
Straight answer
What Does Solar Financing Look Like in Florida?
On a $50,000 system financed through Climate First Bank at 7.5% APR over 30 years, the monthly payment runs about $350. Terms of 7% to 8% APR and $0 down are available through Climate First Bank, our lending partner.
- Lender
- Climate First Bank
- Our residential solar lending partner
- Residential loan rate
- 7% - 8% APR
- Through Climate First Bank
- Down payment
- $0 down available
- Through Climate First Bank
- Loan term
- Long terms available
- No prepayment penalty
Pricing shown is typical and a starting point. Your exact quote is confirmed after a site survey and depends on roof condition, electrical service, equipment choices and local permitting.
Get an accurate quoteWays to pay
Two Ways to Pay for Solar in Florida
Cash Purchase
Lowest lifetime cost and the simplest path, since you own the system outright from day one.
Solar Loan Through Climate First Bank
$0 down available, long terms, and rates of 7% to 8% APR.
Loan product
Solar Loan Financing Terms and Rates
| Product | Rate | Down payment | Term |
|---|---|---|---|
| Residential solar loan | 7% - 8% APR | $0 down available | Long terms available |
Financing is arranged through Climate First Bank. Exact rate and term depend on credit and system size, confirmed at application.
What qualifies
What Solar Financing Does and Does Not Cover
Financing through Climate First Bank can cover solar panel systems, battery storage, and related equipment needed for the install. Ask your Coastal Energy specialist whether a specific scope item, such as a roof tear-off tied to a solar project, can be bundled into the same loan.
Financing is not intended for unrelated home improvement items like windows, doors, or water heaters that are not part of the solar or battery scope.
Incentives
Are There Still Tax Incentives for Solar in Florida?
Federal residential tax credits have expired. Depreciation may be available depending on your tax situation. Solar equipment sits in the MACRS five year property class, and 100% bonus depreciation in the first year is an option for owners who qualify. We partner with Solar ITC, a third party tax company, to review it with you, and your own CPA confirms what applies to your situation. We make no promise of eligibility or tax savings. See our solar depreciation page for the IRS requirements.
Florida still offers a sales tax exemption on solar equipment and a property tax exemption on the added value solar brings to your home, so those savings still apply regardless of how you pay.
Funding structure
How and When the Loan Funds
Climate First Bank funds residential solar loans in phases tied to project milestones, typically a portion at approved permitting and the remainder at completion once the system passes inspection. Ask your Coastal Energy specialist for the exact funding schedule for your project.
Answers
Frequently Asked Questions
What Solar Loans Florida Homeowners Use Do You Offer?
Are there still tax incentives for solar in Florida?
How much does a solar loan payment run each month?
Can I finance solar with no money down in Florida?
What is the interest rate on a Coastal Energy solar loan?
Who is Coastal Energy's financing partner?
Keep reading
Related Pages
Solar Panel Installation
See installed cost ranges before you calculate a loan payment.
Solar Depreciation Strategy
Five year and bonus depreciation, reviewed with Solar ITC.
Commercial Solar
Commercial pricing and tax incentives for businesses.
Contact Us
Talk through financing options with our team.
See Your Real Monthly Payment
Send your address and a recent power bill. We will size a system and show financed and cash pricing side by side.