Solar Financing Made Easy

Anyone can go solar with our various in-house financing options!

EFS Energy offers fantastic financing opportunities for solar panels serving both commercial and residential property owners.

The benefits of financing a solar energy system are endless. If you continue with traditional utilities, your rates will keep escalating. With solar, any amount you pay upfront comes back to you with savings that accumulate in thousands over the years! Also, not only can you add value to your property, you also receive all the tax benefits while guaranteeing the system’s performance for at least 25 years.

The time to act is now! Look below for all of your financing options or simply fill out the form so that we can help evaluate your financing needs for you.

Find Out What Your Solar Financing Options Are!

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Residential Solar Financing

HERO Program

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HERO is a local government-approved program that makes energy-efficient and water-saving home upgrades affordable for homeowners. HERO offers 100% financing up to your approved amount, and payments are made along with your property taxes—and you repay the full amount over time.

  • No money down
  • Interest may be tax deductible*
  • 100% financing
  • Flexible 5-25 year terms, depending on area and product
  • Not based on credit score
  • Competitive, fixed interest rates
  • Fast approvals
  • Paid with property taxes

*Please contact your tax advisor to determine if you may be eligible for tax benefits

St. Louis Green HELP Program

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The Green Home Energy-Efficiency Loan Program (Green HELP) is a low-interest loan program that helps city homeowners lower their utility by creating more energy-efficient homes.

  • Maximum loan value up to $15,000 per applicant
  • Repayment term: Up to 10 years
  • Interest Rate: 2.11%
  • Applicant must be a city resident
  • Property must be owner-occupied for life of the loan
  • Property must be a single-family home
  • Applicant must be current on a real estate and personal property tax
  • No minimum income
  • Subject to Credit Check

Unsecured Loan Option

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  • Zero Money Down
  • Low Fixed Interest Rates
  • Up to 15 Year Terms
  • Up to $55,000 Maximum
  • Same-as-Cash Options Available
  • Simple Application Processes
  • Add Value to Property
  • Receive All Tax Benefits

Commercial Solar Financing

Set the PACE St. Louis

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Set the PACE St. Louis takes advantage of the PACE Financing program to provide low cost, long-term financing for energy efficient upgrades to St. Louis’ commercial building owners.

  • 100% upfront
  • Low fixed rate payments
  • Terms can be up to 20 years
  • Improved asset value due to new equipment
  • Better indoor air quality and comfort for tenants of the building(s)
  • Connected to the property itself rather than the owner
  • Lower operating costs for the owner(s)
  • Cash flow positive from day one!

* Please contact your tax advisor to determine if you may be eligible for tax benefits

Wunder Capital

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It’s no secret, securing commercial solar financing is no walk in the park. Fortunately, Wunder has developed a straightforward financing solution to help solar professionals secure Term Financing for their customers.

  • $1MM Max. Loan Amount
  • 7 Year Term (Amortized)
  • 8 to 10% Fixed APR
  • Monthly Invoicing
  • Automated Payments
  • No Prepayment Penalty

Solar Incentives

30% Federal Investment Tax Credit

Take advantage of the federal tax credit for properties that install solar photovoltaic systems with no maximum credit. The taxpayer may claim a credit of 30% of qualified expenditures for a system that is served to the taxpayer’s property. Systems that are placed in service on or before December 31, 2019 will qualify for this credit.

Net Metering and Utility Company Rebates

In addition to net metering with your utility provider, certain utilities provide additional rebates for installing solar photovoltaic energy to your property. Ask us if your utility provider is offering a rebate currently!

Solar Renewable Energy Credit Program (SRECs)

The Illinois Power Agency has developed electricity procurement plans for 2017 to encourage homeowners and business owners across the state to install solar photovoltaic systems. Based on your system size, this program has the potential to credit an additional up to 35% of your total system costs.

MACRS Depreciation

The Modified Accelerated Cost Recovery System is a method of depreciation in which a business’ investments in certain tangible property are recovered, for tax purposes, over a specified time period through annual deductions. Qualifying solar energy equipment is eligible for a cost recovery period of five years. The market certainty provided by MACRS has been found to be a significant driver of private investment for the solar industry and other energy industries.