Austin Energy - Residential Solar Loan Program

Austin Energy offers two types of loans for residential customers to finance solar energy systems in eligible homes: Solar water heater loans are available for up to $5,000 for single family and $10,000 for duplexes. (A customer can choose either the loan or the rebate incentive for solar water heaters, but not both.) Solar PV loans are available for up to $20,000, which may be combined with Austin Energy solar PV rebates. Terms for Austin Energy solar loans are 3, 5, 7, or 10 years. All work must be done by a program-approved contractor. For loan pre-approval with Austin Energy's financing partner, customers can contact Velocity Credit Union.