In a world where environmental consciousness is at the forefront of our minds, many consumers are making the transition to renewable energy. Banterra Bank, a pioneer in providing innovative financial solutions, understands the importance of making sustainable choices accessible to everyone. With the Banterra Solar Loan Program, financing your home or small business solar needs has never been easier. 

Empowering Your Solar Journey 

Banterra's Solar Loan Program is designed to make your dream of harnessing solar energy a reality. What sets this program apart is its commitment to accessibility and ease. The application process is simple and can be initiated online. You can "Apply Now," complete a short form, and within two business days, a Banterra Solar Loan Representative will reach out to guide you through the solar loan1 process. 

To begin the application, you'll need to provide proof of real estate ownership, which can be conveniently accessed through public records by a Banterra representative. Additionally, income verification, such as YTD paystub, W2, tax return, or verified direct deposit to a Banterra checking account, is required. With Banterra's no money down requirement, competitive rates, and fixed monthly payments, financing your solar panels becomes a hassle-free journey. 

Solar Loan Program Benefits 

Banterra believes in breaking down financial barriers by offering a 100% financing option with no money down which makes this process appealing and more accessible to customers. In addition to no money down, you can enjoy the stability of fixed monthly payments with competitive rates, ensuring your solar investment aligns seamlessly with your budget. Banterra encourages financial freedom by allowing you to pay off your solar loan early with no prepayment penalties. Should you need it, there is an opportunity to have lower monthly payments by using your tax credits to pay on your loan, with no need to refinance and no additional fees2. 

Federal and State Renewable Energy Incentives 

To encourage solar energy, there are federal and state incentives that further reduce the cost of your solar energy system. The Federal Investment Tax Credit (ITC)3 may allow you to deduct 26% of the installation cost of your solar energy system from your federal taxes. This credit applies to both residential and commercial systems with no cap on its value. 

In Illinois, the Illinois Shines Renewable Energy Credits could potentially reduce your solar PV system costs by 30% to 50%. Indiana offers a state property tax deduction for solar or wind technology installations. For more information on Indiana, contact your county tax office or the Indiana Department of Local Government Finance. For those who reside in Kentucky, enjoy a favorable net metering policy, receiving credit for surplus production from your solar PV system. In Missouri, experience rebates, discounts, and property tax exemptions to encourage solar adoption. 

Banterra's Solar Loan Program allows you to utilize federal tax credits to lower your monthly payments, eliminating the need for refinancing and avoiding additional fees. 

Solar Financing Questions? 

Banterra's dedicated Solar Loan Representatives are ready to assist you. Contact them at 1-866-BANTERRA (226-8377), extension 16013, or by visiting our website. Take the first step towards a sustainable future with Banterra's Solar Loan Program and illuminate your path to cleaner energy today. 

1Loan offer is for residential and small business only; see lender for details. Minimum loan requirement is $10,000. Income verification required (current YTD paystub, W2, tax return, or verified direct deposit to Banterra ODA). Ownership of real estate to be confirmed by property tax bill. This web page is for informational purposes only, is not an offer of financing terms nor a commitment to provide financing for recipient or pictured and described property. Loan approval is subject to credit approval and program guidelines. Not all loan programs are available in all states for all loan amounts. Interest rate and program terms are subject to change without notice. Property insurance is required. 

2To utilize your tax credit for your solar loan and lower your monthly payments, simply visit your nearest Banterra branch and sign a simple document to revise the loan. 

3Consult your tax advisor and solar company to learn more.