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ATB's​ ​solar​ ​panel​ ​financing​ ​helps​ ​flip​ ​the​ ​switch​ ​to green​ ​energy

ATB's​ ​solar​ ​panel​ ​financing​ ​helps​ ​flip​ ​the​ ​switch​ ​to green​ ​energy

Posted on: October 06, 2017
Author: ATB Staff

Does harnessing solar energy for your home or business feel as out of reach as the sun?

Well, we have ways to finance the purchase and installation of solar photovoltaic (PV) systems whether you're looking to power your home, land, business or nonprofit.

According to Natural Resources Canada, Alberta has one of the best solar resources in the country. Tapping into this resource is an exciting opportunity -- but an initial all cash investment can be about as fun as a sunburn.

Pairing our customized financing options with the Government of Alberta’s Energy Efficiency Alberta Residential and Commercial Solar Program1, will take the burn out of your initial solar investment and forecast sunny skies ahead for your solar energy journey.​​

Residential Financing for Homeowners

How it works:

  1. Visit one of our solar vendor partners to understand the best solar option for your home.
  2. Apply for ATB financing through our solar vendor partner.

     

    We can help you go green with an:

    • Unsecured Linked Line of Credit as low as Prime + 2.00% or
    • Unsecured Variable Time Plan Personal Loan2 with amortizations of 5, 10, or 15 years as low as Prime + 2.00% (5 year variable rate terms only)
  3. Complete the solar panel installation process.
  4. Apply for up to 30 per cent off your solar panel installation costs to a maximum rebate of $10,000 under the Energy Efficiency Alberta Residential and Commercial Solar Program1.

​Agricultural Financing

How it works:

  1. Visit one of our solar vendor partners to understand the best solar option for your land.
  2. If your business is agricultural3, apply for ATB financing through our solar vendor partner, including:
    • Loans up to $100,000
    • Amortization periods up to 15 years
    • Loan value up to 80%
    • Rate of Prime + 1.00% for solar panel purchase and installation contracts greater than $25,000
    • Rate of Prime + 2.00% for solar panel purchase and installation contracts less than $25,000
    • Fixed rates also available4.
  3. Complete the solar panel installation process
  4. Apply for up to 25 per cent off your solar panel installation costs to a maximum rebate of $500,000 under the Energy Efficiency Alberta Residential and Commercial Solar Program1.

Business and Commercial Financing

How it works:

  1. Visit one of our solar vendor partners to understand the best solar options for your needs.
  2. Apply for customized ATB financing5 through our solar vendor partner.
  3. Complete the solar panel installation process.
  4. Apply for up to 25 per cent off your solar panel installation costs to a maximum rebate of $500,000 under the Energy Efficiency Alberta Residential and Commercial Solar Program1.

It's that easy. Just ask our solar vendor partner for details!

Looking for more support to help you go green? Learn about ATB's other Green Living Borrowing Options.



1ATB does not administer the Energy Efficiency Alberta Residential and Commercial Solar Program. The solar vendor partner and customer will follow the process set out by the Alberta provincial government to secure the solar program rebate. For full details, please refer to: https://www.efficiencyalberta.ca/solar/2Some conditions apply. On approved credit. Maximum financing limits may apply. Variable interest rates are annual interest rates, calculated monthly, not in advance and are based on ATB’s Prime Rate which can change at any time without notice. For current rates, please refer to: atb.com/rates3To qualify for agricultural financing, 51% of the customer’s income must be derived from farming operations. 4Fixed interest rates are annual interest rates, calculated semi-annually, not in advance. For current rates, please refer to: atb.com/rates​5Some conditions apply. On approved credit. Maximum financing limits may apply.

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