Solar Purchase - Cash and Loan

Tesla has multiple financing options available to help meet your needs. The best solar financing option for you depends on your preference as a homeowner and considerations such as how long you plan to stay in your home. You can change your financial payment options up until installation begins. Language contained in the contract, such as conditions, warranties and guarantees, cannot be altered.

CASH UPFRONT

Subscription
None

Loan Purchase
None

Cash Purchase
Full cost due at install

LIFETIME VALUE

Subscription
Good

Loan Purchase
Better

Cash Purchase
Best

SYSTEM OWNERSHIP

Subscription
No

Loan Purchase
Yes

Cash Purchase
Yes

POWERWALL

Subscription
May be purchased separately by cash or loan

Loan Purchase
Can be added to loan

Cash Purchase
Can be purchased at the same time

CANCEL ANYTIME

Subscription
No cancellation fee

Loan Purchase
N/A

Cash Purchase
N/A

INVESTMENT TAX CREDIT

Subscription
Tesla keeps tax credit to provide low subscription price

Loan Purchase
Yes
Apply your tax credit to your loan to maintain monthly payment amount

Cash Purchase
Yes

MAINTENANCE

Subscription
Tesla owns and maintains the system

Loan Purchase
10 year comprehensive and 25 year panel performance warranty

Cash Purchase
10 year comprehensive and 25 year panel performance warranty

  SUBSCRIPTION LOAN PURCHASE CASH PURCHASE
CASH UPFRONT None None Full cost due at install
LIFETIME VALUE Good Better Best
SYSTEM OWNERSHIP No Yes Yes
POWERWALL May be purchased separately by cash or loan Can be added to loan Can be purchased at the same time
CANCEL ANYTIME No cancellation fee N/A N/A
INVESTMENT TAX CREDIT Tesla keeps tax credit to provide low subscription price Yes
Apply your tax credit to your loan to maintain monthly payment amount
Yes
MAINTENANCE Tesla owns and maintains the system 10 year comprehensive and 25 year panel performance warranty 10 year comprehensive and 25 year panel performance warranty

Purchasing Solar with Cash

With this option, you will own your system and pay the full system cost upfront. Purchasing solar panels by cash with Tesla is fast and easy without complicated paperwork, and gives you total control over your solar energy system.

Purchasing Solar with a Loan

A loan enables you to acquire and own your solar energy system without upfront costs. It can be one of the most affordable ways for you to get clean energy and still own your system.

When you place an order, you can see your specific solar loan payment based on your selected system size and location. Often, your loan payment is lower than your monthly energy bill. This means you will have immediate savings after installing your system—you’ll be spending less every month. After the term of your loan the energy from your system will continue to reduce your electricity bill resulting in long-term value.

A solar panel system is a great investment for your home—a home with solar panels sells faster and for more money. If you choose to sell your home, our solar loans have no prepayment penalty, allowing you to pay off the loan with the sale of the house and transfer the paid off system to the new homeowner.

For loans, you will be invoiced about 30 days after installation. If you have any questions about solar loan payments, contact your solar loan provider directly. The monthly payments of your solar loan assume a pre-payment within the first 18 months of owning your system equal to the Federal Tax Credit of the system. You can apply your tax credit to your loan to maintain your monthly loan payment amounts.

Incentives

Federal Tax Credit

With both cash and solar loan options, you are eligible to collect the Federal Tax Credit and other local incentives. To qualify in a particular year, your system must be installed by December 31st of that year.

To collect the solar tax credit, we recommend consulting a tax professional to determine what is best for your situation. You will likely need a copy of your Tesla contract. Your tax professional can then advise you on the appropriate tax form to claim your Federal Tax Credit.

State and Local Energy Incentives

Learn more about state, local and utility-specific incentives.