Financing
Make solar
affordable
Three ways to pay, one system price. We help you find the right fit so you can start saving from day one.
Three ways to pay, one system price. We help you find the right fit so you can start saving from day one.
A 0% loan does not waive the interest. It collects it up front, baked into a sticker price about 30% above cash. The day you sign, you have paid every penny of interest you will ever owe.
On a real-rate loan, the interest stops the moment you pay it down. That matters, because a system that saves you money every month invites you to pay it off early. A 0% deal gives you nothing back for doing that.
So we do not offer 0%. Through Financeit you get a fixed 10.99% APR over 5 years with zero markup on your price. The cash price, the CEIP price, the HELOC price, and the Financeit price are the same number. Only the way you pay changes.
| Feature | Financeit | HELOC | CEIP |
|---|---|---|---|
| Upfront cost | $0 down | Depends on your line | $0 down |
| Interest rate | Fixed 10.99% APR, 5-year promo | Variable, prime-linked | Below market, set by municipality |
| Price markup | None | None | None |
| Max term | 5 years (promo) | Lender-dependent | Up to 25 years |
| Repayment | Fixed monthly payment | Flexible, interest-only minimums | On your property tax bill |
| Collateral | Unsecured | Your home equity | Property tax lien |
| If you sell | You pay out the balance | You pay out the balance | Transfers with the property |
| Prepayment penalty | None, ever | None (typically) | None |
| Approval | Instant, soft credit check | Days to weeks, full credit check | Weeks, municipal process |
| Availability | Province-wide | Province-wide with equity | Participating municipalities |
| Best for | Starting now, plan to refinance | Lowest rate, significant equity | Long term, planning to sell |
The system price is identical on every path, including cash. Any dealer fees are shown to you, never buried in the loan.
Financeit. Instant decision, no collateral, and no markup on your price. Treat it as a bridge and refinance when cheaper money shows up.
A HELOC, if you have the equity and are comfortable with a variable rate. Secured by your home, so the rate is the lowest of the three.
CEIP. It is the only option where the balance transfers to the buyer along with the system, so you are not paying it out at closing.
CEIP again. Terms run up to 25 years, which keeps the periodic cost below what the system saves you from the start.
The quickest way to start owning your power. Point-of-sale installment financing with $0 down, no home equity required, and an instant approval decision in most cases. A $17,000 cash system is $17,000 financed.
Your payment stays the same for the life of the loan. The one thing worth knowing: this is bridge financing, not a destination. Every dollar you clear early is a dollar of future interest you no longer owe.
Come into extra money and you can clear the loan the same day. Every dollar of interest you would have owed on the remaining balance is wiped out the moment you pay it off.
A typical Alberta household spends roughly $1,800 to $2,400 a year keeping the lights on. Wait three years and that is over $5,000 handed to the grid with nothing to show for it. Rates trend up, not down. Waiting does not make solar cheaper, it just adds bills you cannot recover.
Opens Financeit's secure application page. Soft credit check; instant decision in most cases.
The application opens on a payment calculator that defaults to a 240-month amortization, which makes the monthly payment look as low as possible. We recommend setting it to 60 months. That clears the loan inside the 10.99% promotional term with no balance left to refinance. Longer amortizations are available if you would rather keep the payment lower.
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.
Borrowing against your home equity is usually the cheapest money available, because the loan is secured by the property. You pay interest only on what you draw.
We do not offer HELOCs directly. You arrange it through your bank or credit union, and we supply whatever project documentation your lender asks for.
The Clean Energy Improvement Program finances up to 100% of your project through your property tax bill, over terms as long as 25 years. The balance is tied to the property, not to you personally.
Calgary has made CEIP permanent with rolling applications. If you sell, the new owner assumes the remaining balance along with the solar system. Flux is a CEIP-qualified contractor and we help you through the municipal application.
Twelve Alberta municipalities run a program, each with its own rate and terms. Calgary's is permanent with rolling applications.
Financeit evaluates each application individually. Generally, a good credit history and stable income are required. The application 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 clear the 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).
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, and no prepayment penalty, ever.
Most applications receive an instant decision. In some cases additional documentation is requested, which can add one to two business days.
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 $16,000 and $25,000, 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. Most HELOCs also carry variable rates, so payments can increase if rates rise. Make sure you are comfortable with both before proceeding.
The Clean Energy Improvement Program is a municipal financing program that lets property owners finance energy efficiency upgrades and renewable energy installations through their property tax bill. It is administered by participating Alberta municipalities.
CEIP is available in Calgary and a growing number of Alberta municipalities. Calgary has made CEIP a permanent program with rolling applications. Contact us to confirm availability for your property.
The balance stays with the property and transfers to the new owner. You are not personally liable for the remainder after a sale. The new owner benefits from the solar system and continues repayment through their property taxes.
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. You should still 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 program terms in effect when you apply.
Yes. How you pay does not affect your eligibility for net billing export credits, municipal programs, or federal incentives like the Investment Tax Credit on commercial and agricultural systems.
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.