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Solar loan lender

Energy Loan Network: terms, dealer fee status, and current availability.

Energy Loan Network offers solar loans without a dealer fee, which keeps your financed amount at or near the actual system cost. Review the APR, terms, and eligibility requirements below.

Typical dealer fee added to a $24,000 solar loan (19 to 35%)
4,560
Lenders in Chapter 11 (Mosaic and Sunnova, June 2025)
2
Lenders in active MN AG dealer-fee litigation (GoodLeap and Dividend)
2
Federal residential credit for homeowners in 2026 (Section 25D expired)
0

Financing detail

Energy Loan Network (ELN)

Ownership outcome

You own the system

Federal Section 48E applies

Not directly -- Section 25D residential credit expired December 31, 2025

Typical APR

0.0524 to 0.0524%

Term options

8, 10, 12, 15, 20 years

Data as of: 2026-06-02

Strengths

  • Typically no dealer fee: credit unions set rates directly
  • Highest customer satisfaction in market (4.98/5 stars per 2026 research)
  • BBB A+ rating
  • APR approximately 5.24% average
  • Transparent: no solar-lender intermediary markup

Considerations

  • Not a direct lender: acts as a connector between credit unions and solar contractors
  • Availability depends on geographic credit union partnerships (not nationwide)
  • No federal residential tax credit (25D expired)

Best for

Customers who prioritize transparency and no dealer-fee financing, and who live in a service area with active ELN credit union partnerships.

Compare this option against cash, HELOC, and prepaid in the 25-year true-cost tool.

No contact required. Enter your system cost and dealer fee percentage and see the total for each path.

Open the Financing Comparison Tool

Common questions

Questions about Energy Loan Network (ELN)

Back to all financing options

How do I compare this financing option to others?
The financing comparison tool at solarinstallersnear.me/financing/ shows the 25-year true cost of cash purchase, solar loan with dealer fee, prepaid lease, HELOC, solar lease, and PPA side by side. Enter your system cost and adjust the dealer fee percentage to match any specific lender proposal.

What should I ask before signing any solar financing contract?
Ask for the total amount financed (not just the monthly payment), the dealer fee in dollar terms, the full amortization schedule, prepayment penalty terms, and what happens to the contract if the lender or provider files for bankruptcy. Review any escalator clauses and end-of-contract terms in full.

Want to see this financing option compared against every other path, with the dealer fee disclosed in dollar terms?

A free in-home assessment includes a full financing comparison. No shared leads. No commission on the financing recommendation.

Book Your Free Estimate Return to Financing Hub