Solar Panel Financing
Discover the best options to finance your solar installation and start saving from day one. We have solutions adapted to every need.
Invest in solar energy without compromising your finances
We know that the initial cost of a solar installation may seem high, so we have designed different financing options that allow you to convert that investment into comfortable monthly installments.
In many cases, the monthly financing payment can be similar to or even less than the savings generated on your electricity bill, meaning you can enjoy solar energy without a significant impact on your monthly budget.
Did you know? A solar installation in the Dominican Republic typically pays for itself in 4-6 years, but with financing you can start saving from the first month.
Benefits of financing your solar installation
- Convert a large initial investment into comfortable monthly payments
- Start saving on your electricity bill from day one
- Improve your cash flow and preserve your capital
- Take advantage of available tax benefits for renewable energy
- Protect yourself against future electricity rate increases
Our Financing Options
We offer various alternatives so you can choose the one that best fits your financial needs.
Bank financing
Finance up to 100% of your solar installation with terms up to 10 years and preferential rates for renewable energy.
Features:
- Terms from 1 to 10 years
- Preferential interest rate
- No early payment penalty
- Fast approval process
Direct financing
We directly finance your solar project with a customized payment plan and minimal requirements.
Features:
- Down payment from 30%
- Pay the rest in up to 24 months
- No exhaustive bank verification
- Simple and fast process
Solar rental
Enjoy solar energy without any initial investment. You pay a monthly fee for the use of the system installed on your property.
Features:
- No initial investment
- Fixed monthly fee
- Maintenance included
- Purchase option at the end
Solar leasing
For businesses: take advantage of tax benefits while enjoying solar energy with a lease agreement.
Features:
- Tax benefits for businesses
- Deductible payments as expenses
- Complete maintenance included
- Technology renewal
Financing Examples
Compare monthly payments with estimated savings on your electricity bill for different installation sizes.
| System Type | Total Cost | Monthly Payment (5 years) | Monthly Payment (10 years) | Estimated Monthly Savings | Monthly Balance |
|---|---|---|---|---|---|
| Basic System (3 kWp) | RD$9,000,000 | RD$150,000 | RD$75,000 | RD$150,000 |
5 years: RD$0
10 years: RD$75,000 |
| Standard System (5 kWp) | RD$15,000,000 | RD$250,000 | RD$125,000 | RD$280,000 |
5 years: RD$30,000
10 years: RD$155,000 |
| Premium System (10 kWp) | RD$25,000,000 | RD$416,667 | RD$208,333 | RD$600,000 |
5 years: RD$183,333
10 years: RD$391,667 |
Note: These are illustrative examples based on average rates. Exact payments may vary depending on the financial institution, your credit history, and other conditions. Estimated savings are based on current electricity rates and may increase as rates rise.
Tax Benefits
Learn about the tax incentives available in the Dominican Republic for solar energy installations under Law 1715 of 2014.
Income tax deduction
Law 1715 of 2014 allows deducting up to 50% of the investment from income tax over 5 years.
VAT exemption
Equipment, elements, and machinery destined for solar energy projects are exempt from 19% VAT.
Customs exemption
Exemption from customs duties for the importation of equipment and machinery for renewable energy.
Accelerated depreciation
Possibility of applying an accelerated annual depreciation rate of up to 20% for solar energy equipment.
Financing Requirements
Requirements may vary depending on the financing option and financial institution. These are the generally required documents:
Individuals
- Identity document
- Income certificate or last 3 tax returns
- Bank statements from the last 3 months
- Property ownership (optional depending on financing type)
Businesses
- Company tax ID
- Chamber of commerce (validity no more than 30 days)
- Financial statements from the last 2 years
- VAT and income tax returns
- Legal representative's identity document
Personalized advice
Every financial situation is unique. Our advisors will help you choose the best financing option based on your needs and particular circumstances.
Request adviceFrequently Asked Questions About Financing
We answer your most common questions about financing options for your solar installation.
Do I need to pay a down payment?
It depends on the type of financing you choose. For direct financing, a 30% down payment is generally required, while some banking options can finance up to 100%. For rental or leasing, a down payment is normally not required.
How long does the approval process take?
The approval time varies depending on the financing option. Direct financing can be approved in 24-48 hours, while bank financing usually takes 3 to 10 business days. Rental and leasing normally take 5 to 15 days for approval.
What happens if I sell my property?
If you sell your property before the end of the financing period, you have several options: 1) Pay off the loan with part of the sale proceeds, 2) Transfer the debt to the new owner (with financial institution approval), or 3) In the case of rental/leasing, it may be possible to transfer the contract to another property.
Can I combine financing options with tax incentives?
Yes, all financing options are compatible with the tax benefits established in the Dominican Republic's Law 57-07. However, in the case of rental or leasing, tax benefits usually apply to the lessor company, which may pass part of those savings on to the client through a lower monthly fee.
Is it possible to make early payments?
Yes, in most financing options, early payments are possible. In our direct financing and most bank loans we offer, there is no penalty for early repayment. For rental and leasing, early payments are subject to the specific terms of the contract.
Can't find the answer you're looking for?
Ask us directlyWant to know how much you can save?
Use our solar calculator to estimate your savings and discover which financing option best suits you.