Solar loans provide homeowners with a convenient way to finance residential photovoltaic systems without upfront cash. Borrowers secure a loan from a lender to cover installation costs, repaying it over time with set interest rates. Unlike third-party financing options, solar loans allow homeowners to retain ownership of the solar array, enabling direct access to incentives like the Investment Tax Credit. When choosing between secured and unsecured loans, individuals must consider their financial situation. Secured loans offer lower interest rates but require collateral, while unsecured loans provide faster processing. Ultimately, solar loans empower homeowners to embrace solar energy while tailoring financing options to their preferences and needs.