Unlocking Energy Storage Financing Channels: A Roadmap
1. Project Financing (The Classic Hustle) Think of this as the mortgage of the energy world. Banks like Goldman Sachs and HSBC are now offering non-recourse loans specifically for BESS
1. Project Financing (The Classic Hustle) Think of this as the mortgage of the energy world. Banks like Goldman Sachs and HSBC are now offering non-recourse loans specifically for BESS
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When it comes to financing solar energy systems, we've got several options to contemplate, each tailored to different financial situations and goals. The primary solar financing options include cash purchases, solar loans, and leasing solar panels.
Read more about the different solar financing options available. In 2025, solar.com Energy Advisors typically recommend using a solar loan to finance a solar system — if the homeowner can efficiently monetize the 30% federal tax credit. If they can’t, then a solar lease or PPA is the best option.
When we assess the seven best solar energy financing options, we identify cash purchases, solar loans, leasing, and alternative solutions, each with distinct advantages. Cash purchases require upfront costs between $13,986 and $27,972, while solar loans range from $1,000 to $100,000 at interest rates of 6% to 36%.
Alternatively, solar loans, ranging from $1,000 to $100,000, allow flexibility with interest rates between 6% and 36%, yet they still facilitate energy savings. Home equity financing and unsecured personal loans remain popular choices for obtaining solar loans, with APRs typically varying from 3.99% to 35.99%.