About Solar Phoenix Financing

Solar Phoenix was created to make solar power affordable for Phoenix homeowners. The program is expected to allow up to 1,000 Phoenix homeowners to adopt solar power.

Go Solar for $0 Down

Now you can afford to go solar without the high initial cost of installing a system. Instead of buying the equipment, you simply lease it. Solar leasing has become one of the most popular residential solar financing option in the country!

Save on Electricity Costs from Day One

With a Solar Phoenix lease, you pay as you go, instead of all at once. The combination of your low monthly lease payment and smaller electricity bill can be less than what you pay for electricity today. So you can start saving money from the very first day.

Lock in a Low Electricity Rate

Your savings can grow over time as utility rates continue to increase. With a Solar Phoenix lease, you can lock in lower solar electricity rates for the term of your lease.

Smart Financial Investment

A Solar Phoenix lease does not require a big upfront payment so you can save your money for other opportunities. You save money every month on electricity bills so you can be cash flow positive from day one. In addition, you do not have to worry about unexpected repair costs because they are covered under a lease.

Solar Phoenix Partners

Solar Phoenix is a collaboration among the city of Phoenix, National Bank of Arizona, APS (Arizona Public Service) and SolarCity.

It is made possible by $25 million in financing from National Bank of Arizona, and incorporates the popular solar leasing plan pioneered by SolarCity. Solar Phoenix also leverages incentives from APS' Solar and Renewable Energy Incentive Program, which is approved by the Arizona Corporation Commission and funded by APS customers.

Includes Free Monitoring and Repair Service

With a Solar Phoenix lease, you have peace of mind that your system will continue to perform beautifully for years to come. Every solar lease includes SolarGuard® proactive monitoring for the full life of the lease. SolarGuard allows you and SolarCity to continuously monitor your system to ensure it is running smoothly and performing as expected.

In the unlikely event that your system underperforms, SolarCity will alert you and help to remedy the situation. We will send out a repair crew for free warranteed repairs over the life of the lease. This includes replacing a worn out part such as the inverter. The good news is that solar panels typically last up to 30 years or longer, and have few moving parts. So once systems are installed, they require little ongoing maintenance.

We Guarantee System Performance or We Will Pay You Back

We're so confident with our system installation and design that we guarantee your system will perform as promised or SolarCity will pay you the difference! We track your system performance through the SolarGuard monitoring service, so we know exactly how much energy it is producing every day, week, month and year!

Flexibility to Upgrade the System Later

When your solar lease ends, the power is still in your hands. You can upgrade to a new system with the latest solar technology. You can also extend your lease in 5 year increments or simply have the panels removed for free.

If you sell your home before the end of the lease, you can transfer the lease to the new owners if they qualify with excellent credit, or you can prepay the lease and add it to your home asking price.

* To qualify for a Solar Phoenix solar lease, you need to be in good financial standing, including excellent credit (a FICO score of 700 or greater). Solar lease is not available in all areas.