Solar Loans

POWER your SOLAR Projects

with Legence Bank!

Key Features

Local Processing
Competitive Rates
Quick Decisions

Benefits

Our Solar Loans provide the following benefits:

100% of the financing for equipment and labor costs
No down payment
Terms of 8, 9, or 10 years with first 18 months interest only period for loans exceeding $25,000. (Converting to monthly amortizing principal and interest payments after 18 months)
For loans $25,000 or less, we offer a 5 year, fully amortizing loan.
Loan will automatically re-amortize with any principal reductions made, resulting in greater cash flow savings each month
0.25% (25 bps) interest rate “discount” for auto debit from checking account held at Legence Bank

Solar Financing Flyer (PDF)

Documents Required

RESIDENTIAL:
Last 2 years tax returns
Last 2 paystubs
Current driver’s license

COMMERCIAL:
Last 2 years personal tax returns
Last 2 years business tax returns
Current P&L statement
Last 2 paystubs (if applicable)
Current driver’s license
Entity documentation applicable to business type

Lenders

Solar Loan Flyer

You could pay as little as $1,359.47 per month on a solar loan with our current 8.75% interest rate (8.950% APR*) with a term of 96 months and an amortization period of 78 months.

*Annual Percentage Rate (APR) is accurate as of 1/9/24 for loans in the bank’s market area and is subject to change at any time. All loans are subject to the bank’s underwriting standards.

This payment example is based on a loan amount of $80,630.00 with zero down payment and a 8.950% APR. Payment example does not take into consideration any additional principal payments that may be made.