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.
A 0% loan doesn’t waive the interest. It collects it up front, baked into a sticker price about 30% above cash. The day you sign, you’ve paid every penny of interest you’ll ever owe. Compare that to a standard loan on the true cash price. Held the full term, the total cost is basically the same. But on a standard loan, the moment you pay it off (tax refund, HELOC, home sale, whatever) the interest stops. On a 0% deal there’s nothing to stop. You’ve already paid it.
Every decision we make is built around what’s best for our clients, not what’s most profitable for us. Refusing to offer 0% is one of them. If your system generates the savings we project (and it will), chances are you’ll want to put extra money on the loan as it pays itself off month by month. A standard rate-based loan rewards that. A 0% loan doesn’t, because the interest was already collected on day one. We’d rather you keep the money you save.
Straight up: through our Financeit partnership you get a fixed 10.99% APR over 5 years with zero markup on your sticker price. The cash price, the CEIP price, the HELOC price, and the Financeit price are the same number. The only difference is how you pay.
Why this is still the better product than a dealer-financed 0%: a typical 0% deal hides 25 to 35% above cash in the sticker; we charge nothing extra. And unlike a 0% deal, the interest on a real-rate loan actually stops the moment you pay it down. Treat any solar loan as open-ended. Pay it off the moment you have access to cheaper money (a HELOC, an inheritance, a tax refund, the eventual sale of the home). No prepayment penalty, ever.
| Financeit | CEIP | HELOC | |
|---|---|---|---|
| Upfront cost | $0 down | $0 down | Depends on your line |
| Rate | Fixed 10.99% APR, no sticker markup | Below-market, set by your municipality | Variable, prime-linked |
| Approval | Instant decision, soft credit check | Program application via municipality | Requires existing home equity |
| Repayment | Monthly, 5-year term | On your property tax bill, up to 25 years | Flexible, interest-only minimums |
| If you sell | You pay out the balance | Balance transfers with the property | You pay out the balance |
| Prepayment | No penalty, ever | No penalty | No penalty |
| Availability | Province-wide | Participating municipalities (Calgary permanent) | Province-wide with equity |
The system price is identical on every path, including cash. Any dealer fees are shown to you, never buried in the loan.
Financeit is the quickest, easiest way to start owning your power. It is a Canadian lending platform that partners with home improvement companies to offer point-of-sale installment loans, so you can get solar live with $0 down, without tying up your cash and without involving your home as collateral. Apply online, get an instant approval decision in most cases, and we book your install.
Through our Financeit partnership you get a fixed 10.99% APR over 5 years with zero markup on your sticker price. A $25,000 cash system is $25,000 financed; a $40,000 cash system is $40,000 financed. The cash price, the loan principal, and the loan terms each appear separately on your proposal so you can see exactly what you owe and when.
Your payment stays the same for the life of the loan. The single most important thing to know: this is bridge financing, not a destination. Plan to pay it off as soon as cheaper money becomes available (a HELOC, an inheritance, a tax refund, the proceeds from a home sale). Every dollar you clear early is a dollar of future interest you no longer owe.
Come into extra money, a bonus, a tax refund, an inheritance, the sale of a home, and you can pay the loan off the same day. There is no penalty for paying early, and every dollar of interest you would have owed on the remaining balance is wiped out the moment you clear it. The faster you pay it down, the less the loan ever costs you.
Every year you put off going solar is another full year of power bills paid to the utility, money you never get back. A typical Alberta household spends roughly $1,800 to $2,400 a year keeping the lights on. Wait three years to go solar and that is well over $5,000 handed to the grid with nothing to show for it, while a system would have been trimming that bill from the first sunny day. Rates trend up, not down. Waiting does not make solar cheaper; it just adds more bills you cannot recover.
Financeit is built for starting now. There is no home equity to draw on and no weeks-long municipal process, just a soft credit check and an instant decision in most cases. You stop renting your power from the utility and start owning it this season, not a few years from now.
Opens Financeit's secure application page. Soft credit check; instant decision in most cases.
The application opens on a payment calculator. Enter your purchase amount and it shows your estimated payment. It defaults to the longest amortization, 240 months, which makes the monthly payment look as low as possible.
We recommend setting the amortization to 60 months. That pays the loan off in full within the 10.99% promotional term, so you are finished in five years with no balance left over. You are free to choose any amortization up to 240 months if you would rather keep your monthly payment lower. Just know the promotional rate is fixed for the 5-year term, so a longer amortization leaves a balance to refinance or renew once the term ends.
Enter your system price and choose an amortization to see the estimated monthly payment, the interest you pay across the 5-year promotional term, and any balance left over at the end of it.
A typical home goes with an 8 kW system, around $16,000. Enter your own number for a personalized estimate.
Fixed 10.99% APR for the 5-year promotional term. Choosing 60 months pays the loan off in full with no balance left over.
Estimates only, for planning purposes. Actual payment, interest, and terms are confirmed on your Financeit application and depend on approval. Assumes a fixed 10.99% APR for the 5-year promotional term.
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.
The current promotional offer is a fixed 10.99% APR over 5 years with no prepayment penalty.
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, and you should plan to. Financeit loans have no prepayment penalties, so you can pay off the remaining balance at any time without additional fees. We treat this product as an open-ended bridge: useful for getting solar live without tying up cash, but worth refinancing the moment cheaper money becomes available (a HELOC, inheritance, tax refund, or proceeds from a home sale).
Loan amounts vary based on your project size and creditworthiness. Most residential solar installations fall well within Financeit approval limits.
No hidden fees and no markup. You pay the same cash price whether you finance through Financeit or pay outright. No origination, application, or surprise charges. No prepayment penalty, ever.
Most applications receive an instant decision. In some cases, additional documentation may be requested, which can add one to two business days.
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.
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.
CEIP is administered locally. Below are the Southern Alberta and mountain communities offering CEIP financing for solar. Click your municipality for program details.
Don't see your community? Check the full Alberta CEIP list. New municipalities join each year.
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.
| Feature | Financeit | HELOC | CEIP |
|---|---|---|---|
| Type | Installment loan | Home equity line of credit | Municipal financing |
| Interest Rate | 10.99% APR (fixed, 5-year promo) | Variable (prime + margin) | Below market (set by municipality) |
| Price Markup | None | None | None |
| Max Term | 5 years (promo) | Flexible (lender-dependent) | Up to 25 years |
| Repayment Method | Fixed monthly payment | Monthly (interest or principal + interest) | Added to property tax bill |
| Collateral | Unsecured (no collateral) | Home equity (secured) | Property tax lien |
| Transferable on Sale | No, must pay off at sale | No, must pay off at sale | Yes, stays with property |
| Prepayment Penalty | None | None (typically) | None |
| Approval Speed | Instant (online) | Days to weeks (bank process) | Weeks (municipal process) |
| Credit Impact | Soft check at application | Full credit check | Not on personal credit report |
| Best For | Starting now, plan to refinance | Lowest rate, significant equity | Long term, planning to sell |
The right choice depends on your priorities. Here are some common scenarios.
Financeit provides instant approval and fixed monthly payments with no collateral required, fully integrated with your Flux Renewables project. The promotional rate is 10.99% APR over 5 years with no markup on your sticker price. It is the fastest way to stop paying the utility in full and start owning your power. We recommend treating it as a bridge: get solar live now, then refinance the moment cheaper money becomes available. There is no prepayment penalty.
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.
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.
Type your address and we’ll size your system to your bill and walk through every financing option that applies. No pressure, no hidden fees.