Energy Support

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

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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Frequently Asked Questions

When should I start the credit application?

You can apply when confirming your payment details. Credit approvals are valid up to 90 days. If your installation date falls after your credit application expires, you may need to start a new application.

Who can apply?

Tesla Financing for solar is available for applicants in 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.

The name on the credit application must match the name on the property title. Unfortunately, business, trust and commercial finance applications are not accepted at this time.

Are there fees to submitting a credit application?

No. There are no financier or application fees to apply for financing.

Will there be a hard pull of my credit?

At least one hard pull of your credit report is required; however, additional inquiries may be needed for some applicants.

Can I get pre-approved for financing before I configure and order my solar system?

Tesla does not currently offer a credit pre-approval process. You may, however, seek pre-approval through your own bank. Otherwise, you’ll be able to submit a credit application in your Tesla Account once your payment details are accepted.

Do I need to unfreeze or unlock my credit?

We recommend that you lift all credit freezes you currently have in place with all credit bureaus. It is best to unlock your credit file prior to submitting your credit application to avoid any delays.

How do I unfreeze my credit?

Contact TransUnion directly to remove any freezes or locks you have in place with TransUnion.

We suggest lifting all credit freezes for at least seven days. If a credit approval expires prior to your installation date, credit freezes may need to be lifted again if a new application is required.

Transunion: 888-909-8872

How long do credit decisions take? How can I check the status of my application?

Many credit decisions are available within a few minutes, with most available within 48 hours. However, some may occasionally take longer due to unforeseen circumstances.

You can check the status of your application in your Tesla Account. Once a credit decision has been made, you'll be notified in your account. 

How do I update my banking information?

Follow the steps in your Tesla Account to update your banking information.

How do I enroll in paperless billing?

Follow the steps in your Tesla Account to enroll in paperless billing.

How do I update my billing address? 

To update your billing address, email us at teslafinance@tesla.com.

How do I view my monthly statements?

Under financing details, select ‘More Details.’ You will see your statements under the ‘Invoices / Statements’ section.

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