What Financing Options are Available for Solar Panels?
Iconic Energy suggests flexible solar panel financing through either GreenSky or Greenpenny. Or you can arrange your own financing through other means.
Free financing is available through GreenSky. Finance your solar project with:
- ZERO money down and
- ZERO payments for 18 months!
Typically 18 months is more than long enough to receive your federal tax credit and any money from state incentives. Once you have received the credit and incentives, all you owe is the difference.GreenSky - Apply Online Now
You can easily apply online for your solar project with Iconic Energy. Click on the button above, then enter this information:
- Merchant Number: 81053067
- Plan Number: 2531
Residential Solar Lending
Greenpenny, powered by Decorah Bank & Trust, is a virtual and carbon-neutral community bank dedicated to financing a sustainable tomorrow, starting with solar. With no hidden dealer fees, borrowers can take advantage of state incentives and/or federal tax credits, finance up to 100% of solar systems with no money down and secure a fixed interest rate. Greenpenny offers multiple loan and term options with no prepayment penalties.Greenpenny Residential - Apply Online Now
Commercial Solar Lending
The Greenpenny team works with organizations of all types – businesses small and large, schools and non-profits, community solar gardens and farms – to finance solar projects while capturing tax and accounting incentives and keeping loan payments comparable to current and future utility costs. With financing available at all stages of the project – design and development, construction and term debt after energization – Greenpenny offers expertise, flexibility and transparency – making them your go-to source for commercial solar financing.
Member FDIC | Equal Housing Lender