EnergyLock + Financing
The best way to get maximum solar savings without a huge upfront price.
What is EnergyLock?
EnergyLock + Financing
We are excited to share that EnergyLock can be combined with financing for maximum savings without a huge upfront price for qualifying customers in select markets.
- Eligible for traditional loans through reputable banks like AffinityPlus (MN Customers only)
- Low monthly payments, similar or less than your electric bill!
- Local incentives can still be utilized for extra savings
EnergyLock + Financing Savings
Your savings with EnergyLock paired with a financed loan can give you monthly payments similar to your current electric bill! Once your loan is paid off, you won’t be paying an electric bill either!
You own your home, it’s time to own your electric bill. Stop renting from the utility company and getting stuck with their additional junk fees. Switch to solar energy and know exactly what you are paying for.
EnergyLock Frequently Asked Questions
Yes! Banks and credit unions can and have issued loans to cover part or all of the initial upfront lease payments. Depending on your location, All Energy Solar may even be able to help you source a lender.
While All Energy Solar maintains ownership, we assume full responsibility for managing all monitoring, repairs, and insurance for your system. This allows you to enjoy the benefits of solar without the typical responsibilities of equipment ownership. Our management responsibilities continue until you exercise a purchase option and the transition to your ownership is complete.
Yes. EnergyLock is fully compatible with battery storage solutions. Adding a battery allows you to store excess energy for use during power outages or during peak utility rate hours. Including a battery in your EnergyLock agreement follows the same cost-efficient structure: we manage the hardware and the incentives during the initial period, and ownership of the battery transfers to you along with the solar panels at Year 7.
You will not claim a federal tax credit on your personal filings. Instead, All Energy Solar captures the federal incentive and applies the value directly to your price as an upfront discount. However, you remain the sole beneficiary of any state or local solar incentives, rebates, or performance programs afforded to you by your specific address. We handle the federal paperwork; you keep the local perks.
Yes. EnergyLock is designed with a clear and flexible path to full ownership. The earliest milestone to take full legal title to the equipment is the 7-Year FMV Buyout. You also have the "Annual Buyout Flex" option, which allows you to exercise your purchase at any point that makes the most sense for your finances after that initial period.
The purchase price is based on the Fair Market Value (FMV) of the equipment at the time you exercise your option. Because you prepay for your power upfront, the hardware's FMV is designed to be highly affordable by the time you reach eligibility. Per the agreement, the purchase price for a mid-term buyout will be no less than $750.
Once you exercise your purchase option and the transaction is complete, you become the system owner with 100% control of the equipment. You will then be entitled to all available grid services revenue. While our management responsibilities under the service agreement end at that time, all existing All Energy Solar workmanship warranties remain in place for your continued protection.
No. Because this is a prepaid service, you pay for your 25 years of electricity upfront at a cost-efficient rate. This allows you to enjoy lower energy bills from day one without monthly solar payments or financing interest.
