Florida isn’t called the “Sunshine State” for nothing — with more than 230 sunny days a year, it’s one of the best places in the U.S. to go solar.

But while the sun’s energy is free, the upfront cost of installing a solar panel system isn’t. The good news? You don’t need to pay for everything out-of-pocket.

There are multiple solar loan and financing programs in Florida that make switching to solar both affordable and profitable in the long run.

This guide will walk you through the best solar financing options in Florida, explain how they work, and help you choose the right one for your budget and goals.

Florida homeowners have unique advantages when it comes to financing solar:

No state income tax — keeps more savings in your pocket.

Strong sunshine — means higher energy production and faster ROI.

Net metering programs — credit you for excess energy sent to the grid.

Federal solar tax credit — lets you deduct 30% of your system cost from your federal taxes.

With financing, you can start saving on energy bills immediately without waiting years to save up for a cash purchase.

1. Solar-Specific Loans

Loans designed for solar systems often come with lower interest rates and flexible repayment terms (usually 5–20 years).

2. PACE Financing (Property Assessed Clean Energy)

Florida is one of the states with active PACE programs, allowing you to pay for your system through property taxes. No upfront payment required, and the loan stays with the property if you sell.

3. Home Equity Loans / HELOC

If you have significant home equity, this can be a great way to secure low-interest financing for solar.

4. Solar Leasing & Power Purchase Agreements (PPA)

While less common in Florida compared to loans, leasing can be an option if you want lower upfront costs but don’t mind not owning the system.

When comparing options, look at:

Interest rate (APR) — lower means cheaper over time.

Loan term length — shorter saves more interest, longer means lower monthly payments.

Eligibility requirements — PACE doesn’t require credit checks; loans do.

Ownership benefits — loans let you keep tax credits; leases/PPA don’t.

1. Get Multiple Solar Quotes – Compare system sizes, equipment, and prices.

2. Check Incentives – Apply for the Federal 30% Solar Tax Credit and any utility rebates.

3. Choose Financing Type – Decide between PACE, loan, or lease.

4. Apply & Get Approved – Approval can take from a few hours to a week.

5. Install & Start Saving – Enjoy lower electricity bills and energy independence.

Q: Is PACE financing available everywhere in Florida?

A: Not every county participates in PACE programs, so check with your local authority before applying.

Q: Do solar loans in Florida require a down payment?

A: Many providers offer $0-down options, especially for qualified homeowners.

Q: Can I still get the Federal Tax Credit with financing?

A: Yes, as long as you own the system (loan or cash purchase). Leasing/PPA customers do not get the credit.

Q: How much can I save with solar in Florida?

A: Depending on your system size, location, and electricity rates, savings can exceed $20,000 over the system’s lifetime.

Florida’s sunshine and supportive financing options make going solar a smart move in 2025.

Whether you choose PACE financing, a solar-specific loan, or a home equity line, there’s a way to make your solar investment work for your budget.

The key is to compare providers, understand the terms, and take advantage of every available incentive.

Thinking of going solar and want help quantifying your savings? Get our free eBook on "How to Slash Your Energy Bills with a Solar Generator (Even If You Rent)". Here!