Propel Solar Financing

A Lower-Cost Way to Go Solar in Maine

Propel is a solar financing option for Maine homeowners offered by Maine Solar Solutions that helps reduce the system’s overall cost while still leading to full system ownership. It’s offered alongside cash purchases and traditional solar loans, giving you another way to go solar based on your goals and budget.

Propel works by applying certain incentives typically used in commercial solar projects to residential systems. This can reduce the total upfront cost of your solar installation by 20-30% in many cases.

Your system is designed and installed by the Maine Solar Solutions team and backed by our 30-year equipment warranty.

How Propel Works

We design and install your system
Your solar system is customized for your home and begins producing electricity right away.
You make predictable monthly payments
The project is financed through a solar loan with fixed monthly payments, no escalators, and no prepayment penalties.
Ownership transfers to you after 5 years
During the first five years, the system operates under a short-term agreement. After that, ownership automatically transfers to you with no renewals or additional contracts.

Propel Timeline: From Installation to Ownership

INSTALL – Year 0

System installed on your home
Begins producing electricity immediately

INITIAL PROGRAM PERIOD – Years 1-5

Federal tax incentives are received by the third-party, which were reflected in your lower install cost
Temporary ownership structure during this period
System offsets your electric bill

OWNERSHIP — Year 5+

Ownership automatically transfers to you
No renewals or additional contracts
System continues to offset your electricity costs for decades

Propel Financing FAQS

Not in the traditional sense.

Propel uses a short-term ownership structure during the first five years to qualify for certain solar incentives. Those incentives are already built into the lower upfront cost of your system. After that, ownership transfers fully to you automatically, with no ongoing lease or renewal.

Yes. All electricity your system produces is used by your home to offset your electric bill from day one.

Yes. There are no prepayment penalties, so you can pay off the loan at any time.

Solar can add value to your home. If you sell, the remaining loan can typically be transferred or paid off as part of the sale.

See If Propel Is a Fit for Your Home

Our team can walk you through Propel financing, solar loans, and cash purchase options to help you find the best fit for your home.

Schedule Your Free Assessment