Financing
Make solar
affordable
Financing options for every budget. We help you find the right fit so you can start saving from day one.
Financing options for every budget. We help you find the right fit so you can start saving from day one.
Some solar companies advertise 0% financing, but the interest is baked into an inflated project price. You end up paying more for the same equipment and installation. At Flux Renewables, we keep our pricing transparent. You see the real cost of your system and the real cost of financing - separately.
We offer multiple financing paths so you can choose the one that genuinely saves you the most money over the life of your system.
The Clean Energy Improvement Program (CEIP) is a municipal financing program available in Alberta that lets property owners finance solar panels, insulation, windows, and other energy upgrades through their property tax bill. Unlike a traditional loan, the CEIP balance is tied to the property - not to you personally.
Calgary has made CEIP a permanent program, providing long-term certainty for homeowners and businesses considering solar. The program covers up to 100% of eligible project costs, so there is no upfront capital required.
Repayment terms extend up to 25 years, keeping monthly costs low. And because the charge stays with the property, if you sell your home the new owner assumes the remaining balance along with the benefit of the solar system.
Calgary City Council made CEIP a permanent program, removing the uncertainty of annual renewals. Applications are accepted on a rolling basis.
Applications open for commercial properties
Applications open for residential properties
Contact Flux Renewables for a free solar proposal. We handle the system design and provide a detailed cost breakdown.
Apply to CEIP through your municipality. We help you complete the application and provide the required project documentation.
The municipality reviews your application and confirms financing terms. Approval timelines vary but are typically a few weeks.
Once approved, we install your solar system. Repayment begins on your next property tax cycle.
Property is located in a participating municipality (Calgary and others)
Property taxes are current with no outstanding arrears
Property owner consent (all registered owners must agree)
Mortgage lender notification or consent may be required
Project must use a qualified contractor (Flux Renewables is CEIP-qualified)
Both residential and commercial properties are eligible
The Clean Energy Improvement Program is a municipal financing program that allows property owners to finance energy efficiency upgrades and renewable energy installations through their property tax bill. The program is administered by participating municipalities in Alberta.
CEIP is available in Calgary and a growing number of Alberta municipalities. Calgary has made CEIP a permanent program. Contact us to confirm availability for your property.
The CEIP balance stays with the property and transfers to the new owner. This is a key advantage - you are not personally liable for the remaining balance after a sale. The new owner benefits from the solar system and continues the repayment through their property taxes.
Yes. CEIP allows prepayment without penalty. You can pay off the remaining balance at any time through your municipality.
CEIP is registered as a local improvement charge on your property, similar to a sidewalk or road assessment. It is not a traditional loan and does not appear on your personal credit report. However, you should inform your mortgage lender, as some require notification of property tax changes.
CEIP rates are set by the municipality and are typically below market rates for unsecured personal loans. The exact rate depends on the current program terms at the time of your application.
A Home Equity Line of Credit (HELOC) lets you borrow against the equity you have built in your home. Because the loan is secured by your property, interest rates are typically much lower than unsecured personal loans or credit cards.
For homeowners with significant equity and good credit, a HELOC can be the most cost-effective way to finance a solar installation. You only pay interest on what you draw, and you can repay the principal on a schedule that works for you.
Flux Renewables does not offer HELOCs directly - you arrange this through your bank or credit union. We provide all the project documentation your lender needs and help you understand how the numbers compare to other financing options.
Secured by your home equity, HELOCs typically offer rates well below unsecured alternatives.
Draw what you need and repay at your own pace. Most HELOCs allow interest-only payments during the draw period.
Pay off the balance whenever you want without extra fees.
Interest on home improvement loans may be tax-deductible. Consult your tax advisor.
You own the solar system outright from day one, with no third-party claims on your equipment.
Your home secures the loan. If you default, your property is at risk. This is the primary trade-off for the lower rate.
Most HELOCs have variable interest rates tied to prime. If rates rise, your payments increase.
You need sufficient equity in your home to qualify. Recent purchasers may not have enough built up.
Applying through your bank can take longer than point-of-sale financing like Financeit.
Unlike CEIP, a HELOC stays with you if you sell. You must pay it off at closing.
Most lenders allow you to borrow up to 65% of your home value through a HELOC, minus your outstanding mortgage balance. A typical residential solar system costs between $15,000 and $35,000, so even modest equity is often sufficient.
Interest on a HELOC used for home improvements may be tax-deductible in certain circumstances. Consult your accountant or tax advisor to determine if this applies to your situation.
A HELOC uses your home as collateral. If you are unable to make payments, your home could be at risk. Additionally, most HELOCs have variable interest rates, meaning your payments could increase if rates rise. Make sure you are comfortable with these risks before proceeding.
Yes. Using a HELOC to finance solar does not affect your eligibility for net billing credits, municipal rebates, or federal tax incentives like the Investment Tax Credit for commercial properties.
Financeit is a Canadian lending platform that partners with home improvement companies to offer point-of-sale installment loans. As a Flux Renewables financing partner, Financeit provides our customers with a simple, transparent way to spread the cost of a solar installation over time.
Unlike dealer-financed programs that hide interest in inflated project prices, Financeit loans are separate from your system cost. You see the real price of your solar installation and the real cost of borrowing - no bundled markups.
The current rate is 11.99% APR with fixed monthly payments. You choose a term between 1 and 15 years, and your payment stays the same for the life of the loan. If you want to pay it off early, there are no penalties.
We design your system and provide a detailed project proposal with transparent pricing.
Complete a quick credit application through Financeit. Approval decisions are typically instant.
Select a repayment term that fits your budget. Terms range from 1 to 15 years with fixed monthly payments.
Once approved, we schedule your installation. You start generating power and saving money immediately.
Canadian homeowners (residential properties)
Good credit history and stable income
Property located in an eligible province
System installed by an authorized Financeit dealer (Flux Renewables)
Financeit evaluates each application individually. Generally, a good credit history and stable income are required. The application process includes a soft credit check that does not affect your score.
Yes. Financeit loans have no prepayment penalties. You can pay off the remaining balance at any time without additional fees.
Loan amounts vary based on your project size and creditworthiness. Most residential solar installations fall well within Financeit approval limits.
No. The APR you are quoted is the rate you pay. There are no origination fees, application fees, or hidden charges. Flux Renewables does not mark up the cost of your system to offset financing costs.
Most applications receive an instant decision. In some cases, additional documentation may be requested, which can add one to two business days.
| Feature | Financeit | CEIP | HELOC |
|---|---|---|---|
| Type | Installment loan | Municipal financing | Home equity line of credit |
| Interest Rate | 11.99% APR (fixed) | Below market (set by municipality) | Variable (prime + margin) |
| Max Term | Up to 15 years | Up to 25 years | Flexible (lender-dependent) |
| Repayment Method | Fixed monthly payment | Added to property tax bill | Monthly (interest or principal + interest) |
| Collateral | Unsecured (no collateral) | Property tax lien | Home equity (secured) |
| Transferable on Sale | No - must pay off at sale | Yes - stays with property | No - must pay off at sale |
| Prepayment Penalty | None | None | None (typically) |
| Approval Speed | Instant (online) | Weeks (municipal process) | Days to weeks (bank process) |
| Credit Impact | Soft check at application | Not on personal credit report | Full credit check |
| Best For | Quick approval, fixed payments | Long term, planning to sell | Lowest rate, significant equity |
The right choice depends on your priorities. Here are some common scenarios.
A HELOC typically offers the lowest interest rate because it is secured by your home. If you have significant equity and are comfortable with variable rates, this may save you the most over the life of the loan.
Financeit provides instant approval and fixed monthly payments. There is no collateral required, and the process is fully integrated with your Flux Renewables project. Apply online and get an answer in minutes.
CEIP is the only option where the balance transfers to the new owner when you sell. The buyer gets the solar system and assumes the remaining payments through their property taxes. This can make your home more attractive to buyers.
CEIP offers terms up to 25 years, keeping your periodic payments as low as possible. This is useful if you want your solar savings to exceed your financing payments from day one.
All three options let you go solar with little or no money down. The differences come down to interest cost, repayment flexibility, and whether you want the balance tied to you or to the property.
We walk through every option with you during your consultation. There is no obligation and no pressure. Our goal is to help you make the decision that saves you the most money over the life of your system.
We walk through every option with you so you can make an informed decision. No pressure, no hidden fees.