The federal Canada Greener Homes Loan funded $2.9 billion of home retrofits before it ran out of money in 41 months. Goldman-Sachs-backed Financeit has already funded more than twice that — across 14,000 contractors and 400,000 Canadian homes — and they're still funding more every day.
When the federal money dried up, the real solar financing didn't disappear. It just got obvious.— What every Alberta installer figured out the morning of October 2, 2025
October 1, 2025. 120,000+ Canadian homeowners had already taken their no-interest federal solar loan. The 120,001st applicant met a closed portal. The economics of solar didn't change. The route to solar did.
An 8 kW rooftop system in Alberta runs $20,000–$30,000 installed, generates $90–$150 in monthly utility savings at today's regulated rate, and pays back in 7–10 years. None of that depended on the federal loan.
Policy and rate dates do not feel urgent until you line them up. Then the next four years of an Alberta power bill take their actual shape.
At today's rates, the Alberta home that puts solar on the roof in May is roughly $1,600 ahead by next May vs. the home that waits. Twelve years of waiting is a six-figure transfer to the utility — for power you could have made on your own roof.
Wholesale energy fell to an 8-year low in 2025. Most household bills did not. The rest of the bill is the part that keeps climbing.
The wholesale pool price hit an 8-year low in 2025. Bills still climbed. Solar offsets the entire bill — every line item, every climb.
Financeit isn't a credit-card balance and it isn't a buy-now-pay-later button. It's a 14-year-old Canadian fintech with a Goldman Sachs majority shareholder, two OSFI-regulated bank securitization facilities (Concentra and CIBC), and $6.8 billion in funded loans behind it. When you sign a Financeit contract for solar, you're borrowing from the same plumbing that backs Canadian mortgages.
Three Financeit programs cover almost every Alberta solar buyer. The right one for you depends less on credit score than on the question: when do you want the payments to start?
A right-sized Financeit term turns a $25,000 system into a positive-cash-flow asset from month one. Your monthly Financeit payment slots in below the monthly utility savings — and the gap widens every time the grid raises a rate.
A solar system is a 25-year asset. Financing it on a tool meant for furniture, vacations, or a kitchen renovation is the cheapest way to make a great investment look like a bad one. Here is what the math actually looks like.
| Financeit | Credit Card | HELOC | Dealer In-House | |
|---|---|---|---|---|
| Max amount | Up to $100,000 | ~$5K – $30K | Equity-bound | Varies, often capped |
| APR range | 0% – 19.99% | 19.99% – 23%+ | Prime + 0.5% – 2% | Often opaque |
| Term length | 12 – 84 months | Revolving | 5 – 15 yrs | 3 – 7 yrs |
| Approval speed | Minutes (soft pull) | 1 – 5 days | 1 – 2 weeks | Days |
| Funding speed | 1 business day | Card processed | Variable | Often delayed |
| Hard credit pull? | No (soft pre-approval) | Yes | Yes | Yes |
| Lien on home? | No | No | Yes | Sometimes |
| Prepayment penalty? | None | None | Sometimes | Sometimes |
| Suited to a $25K solar build? | Built for it | Wrong tool | Possible — slow | Depends on dealer |
Financeit's funding facilities are warehoused by OSFI-regulated banks — Concentra Bank and CIBC — with Goldman Sachs participating since October 2024. The same prudential supervision that backs Canadian mortgages backs your solar loan.
Pre-qualify with a soft inquiry that does not affect your credit score. Your monthly payment is locked, written, and disclosed before you sign — no teaser rates, no rate jumps after a promo period.
Financeit pays The Solar Pro directly when your install is verified. You don't move money. There are no merchant fees passed to your project, no card holds, no waiting on funds. The system gets installed; the loan starts.
We will walk your roof, model your production to the kilowatt-hour, run your Financeit pre-approval on a soft credit pull, and put a real monthly payment in front of you in one site visit. No obligation. No pressure. Just the math.
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