We offer low-interest loans to help finance customer-owned solar systems. Loan amounts range from $5,000 to $30,000, covering up to 70% of the total project cost. The loan term is 10 years, with a 3.9% interest rate.

To qualify for the Energize Delaware Solar Loan, applicants must meet the following criteria:

• Delaware Resident: Applicants must be a resident of Delaware.
• Property Ownership: The applicant must be the property owner and the property must be owner-occupied. Eligible properties include detached or attached one to four unit residences (such as duplexes and townhomes). Commercial properties are not eligible.
• Minimum Credit Score: A minimum credit score of 650 is required.
• Debt-to-Income Ratio: The maximum monthly debt-to-income ratio is 50%. Applicants must provide proof of income based on their employment status. Acceptable forms of proof include:
  • Employed: Submit the past three months of pay stubs.
  • Self-Employed: Provide a copy of your most recent tax return.
  • Retired: Submit Social Security Statements, Pension Statements, Retirement Account Statements, Annuity Statements or other forms of retirement income.

Solar Loan Application Process: To apply for the Energize Delaware Solar Loan, property owners must start the application online at energizedelawareloans.org. Applicants can authorize their contractor to update certain steps, such as system and project cost details, but contractors won’t have access to sensitive information.

Application Steps:

Part One: Must be submitted before work begins. If the system is interconnected before Part One is approved, the project will be disqualified. Once approved, both the applicant and contractor will receive an Approval Letter, allowing installation to begin.

Part Two: Must be submitted after system interconnection and within six months of Part One approval. After review of the Project Completion Documents, funds will be disbursed to the contractor, and the applicant will receive an email with payment details.

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