Utahns are fortunate to have a number of different financial tools at their disposal. Some solar installers offer financing arrangements for solar panels, or third-party ownership models (called leases or Power Purchase Agreements) that allow you to pay a monthly fee to access solar panels that are installed on your roof but owned and maintained by a solar developer. If you can’t install solar, shared solar projects allow you to purchase energy from a remote solar farm. If you would like to purchase and own your solar installation, the following incentives and financing options can help reduce the upfront cost of an investment in solar.
Please note, this information does not imply an endorsement of any programs listed. Utah Clean Energy does not guarantee the availability of any programs listed. Please inquire directly with the program provider for complete details.
Are you aware of other financing programs in Utah? Please let us know! Please Contact Us with details.
Traditional financing options vary by financial institution and although a traditional home equity line of credit can be used to finance solar, solar-specific loans are becoming more common. Learn more about the following mortgage and loan options, or inquire with your bank or credit union.
A personal line of credit can be used to finance solar. Learn more from the Consumer Financial Protection Bureau.
- A Home Equity Line of Credit (HELOC) is often the lowest-interest option to finance solar. Learn more about HELOC.
- FHA Title 1 Home Improvement Loans can be used to finance home repairs and improvements.
- Admiral’s Bank – FHA Title 1 Loan or Solar StepDown Loan
- GoldenWest Credit Union – Energy-Efficient HELOC
- Key Bank – Solar Specific Financing
- LRB Financial – HELOC or Personal Property Loan
- Weber State Credit Union– Solar HELOC
- Enerbank offers loans and solar financing through select contractors. Ask your solar contractor if these loans will be an option.