Financing
Easy Installments
We also offer Solar Loans to clients with the following benefits: Enjoy the complete benefits of installation ownership without upfront investments. You can take control of payments on your terms.
01
Same As Cash Loan Option
We are offering the same as the cash loan option. The required credit score is as low as 580. Moreover, there is no loan origination fee in this plan.If you want a solar loan and the price of the system is 10K in cash. The loan amount will be the sum of the system price and the loan origination fee. Therefore, the loan amount will become 17K. But with us if you want a solar loan, your loan amount will remain the same as 10K as there is no loan origination fee.
02
No Upfront Charges
The loan doesn’t require any upfront charges or down payments. The first payment will be due 6 months after the approval of the loan application.
03
Unsecured Solar Loan
The best part is that there is no lien on the property; the loan will be issued against the solar energy system itself
04
Easy Loans Payments
We offer easy loan payments. Electricity bills will keep increasing while loan payments will be fixed throughout the loan term. You can choose the plan according to your affordability.
05
Loan Term
We offer different loan plans with loan terms ranging from 5 years to 25 years.The longer the loan term, the lower the monthly installments.
06
No pre-payment penalty
If you want to pay off your loan early, there will be no prepayment penalty. You just have to pay the remaining loan amount.
07
APR
We offer solar loans with an APR Ranging from 3.99 to 8.99 .higher the APR, lower the loan origination fee*.
Cash Plan
Other than solar loans, we also accept cash payments, according to the client’s preference. The solar energy system purchased in cash is cheaper and has a better ROI as compared with financing the system.
Cash Payment
We offer cash payments in four easy draws
First Draw of 20%
After receiving the final design report and if the client decides to move forward
Second Draw of 20%
After all the permitting and interconnection approval, along with the HOA approval
Third Draw of 20%
After all the permitting and interconnection approval, along with the HOA approval
Fourth Draw of 40%
After installation is completed and the final inspection is passed.
Frequently Asked Questions
What financing options does Cosmo Solaris offer?
We provide $0-down solar loans, same-as-cash plans, flexible payment terms, and cash purchase options designed to fit any homeowner’s budget.
Do solar loans require any upfront payment?
No. Our financing includes zero upfront charges, no down payment, and your first loan payment begins six months after approval.
Is there a lien placed on my property with a solar loan?
No. Our unsecured solar loans are system-based, meaning the loan is issued against the solar system itself, not your home.
Are there prepayment penalties on solar loans?
No. You can pay off your solar loan early at any time without any penalties or additional fees.
How do cash payment plans work for solar installation?
Cash installations are divided into four draws: 20% at design approval, 20% at permitting, 20% at interconnection approval, and 40% after final inspection.
