Tesla Financing for Solar

We offer the ability to pay for your solar purchase over time through a retail installment contract with Tesla Financing.

• Getting Started
• Tesla Financing
• Installation
• Making Payments
• Payment to Reduce Term
• Partial Principal Payments
• Financial Payoff
• Payment Options
• Incentives
• Frequently Asked Questions

Getting Started

Design your Tesla solar system. After you have placed your order, complete the necessary action items in your Tesla Account. Once you review and accept your design, you will be presented with a credit application after which a hard credit check will be pulled.

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Tesla Financing

After placing an order, sign in to your Tesla Account to finalize your design and payment method.

To qualify for Tesla Financing, your installation must be in one of the following states: AZ, CA, CO, CT, DC, DE, FL, GA, HI, IL, MA, MD, NC, NH, NJ, NM, NV, NY, OR, PA, RI, SC, TX, UT, VA, VT, WA, WI.

Submit a Credit Application

1. In the 'Pricing Details' section of your Tesla Account, view the payment options available to you.
2. Select the financing option.
3. Select ‘Accept and Submit Credit Check.’
4. Complete your application by submitting your date of birth, Social Security number, phone number and employment and title information.

Note: You must be over the age of 18 and have a Social Security number to submit a credit application. Review the price details and confirm the amount to finance and your preferred monthly payment.

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Installation

Your Retail Installment Contract will be available for you to sign in the ‘Documents’ section of your Tesla Account prior to scheduling your installation. You will be required to sign any required documents in your Tesla Account prior to scheduling your installation.

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Making Payments

The amount and due date of your payments are outlined in your Retail Installment Contract. You can find a copy of your Retail Installment Contract in the ‘Documents’ section of your Tesla Account.

You will receive an email when your account has been activated. There are multiple ways to make your monthly payments. Payment is accepted online or by phone. Your first payment is due 35 days from your permission-to-operate (PTO) date and your monthly payment will be due on that same date going forward each month.

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Payment to Reduce Term

You may reduce the length of your loan by paying down the principal balance. Remitting principal balance does not include the current balance.

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Partial Principal Payments

Partial principal payment is an optional payment based on the estimated amount of the federal investment tax credit that may be available for your solar energy installation, representing 30% of the eligible system cost. You may qualify for reduced future monthly payments if you remit a payment towards your principal balance equivalent to the full federal tax credit amount. Payment must be remitted by the agreed upon date as listed in your contract.

Note: Only applicable to eligible customers. To check eligibility, refer to your Retail Installment Contract.

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Finance Payoff

There are no prepayment penalties associated with Tesla Financing. You may prepay all or part of the unpaid part of the amount financed at any time. As of the date of your payment, if the minimum finance charge ($25 to $75, based on the original amount financed) is greater than the earned finance charge, you may be charged the difference.

If a Tesla customer sells their home, the Solar Agreement may be transferred to the new owner; however, the financing associated is not transferable. Our Customer Support team can assist in providing you with any documentation required to include the finance payoff in the sale of the home.

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Payment Options

There are multiple ways to make your payments. Payment is accepted online or by phone.

Pay Online

Set up automatic payments, make one-time payments and enroll in paperless billing directly in your Tesla app.

To manage your autopay settings and/or enroll in paperless billing:

1. Navigate to the energy system home screen of the Tesla app.
2. Tap ‘Financing’ at the bottom of home screen.
3. On the ‘Summary’ screen, tap ‘Manage Payment.’

To make a one-time payment:

1. Navigate to the energy system home screen of the Tesla app.
2. Tap ‘Financing’ at the bottom of home screen.
3. On the ‘Summary’ screen, tap ‘Make a One-Time Payment.’

To remit a principal payment to reduce term of your loan:

1. Navigate to the energy system home screen of the Tesla app.
2. Tap ‘Financing’ at the bottom of home screen.
3. On the ‘Summary’ screen, tap ‘Make a One-Time Payment.’
4. Select ‘Payment to Reduce Term.’

To remit partial principal payment to reduce future monthly payments:

1. Navigate to the energy system home screen of the Tesla app.
2. Tap ‘Financing’ at the bottom of home screen.
3. On the ‘Summary’ screen, tap ‘Make a One-Time Payment.’
4. Select ‘Partial Principal Payment.’

Note: You must have Tesla app version 4.33.0 or higher to access this feature. 

Pay by Phone

Call us to make a payment over the phone. You will need your EN Account Number, bank routing and checking account number. Payments by credit card are not accepted.

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Incentives

Depending on your energy product, there may be federal, state and local incentives for the purchase of your solar system. Learn more about energy incentives by state.

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