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Using a Credit Card or Paypal to pay for TESLA Solar

Oh my! I wish I can speed up the payments. They sent me an invoice for $75k to put on a credit card! I had to call them and ask for split payment, but since I DO want to get the rewards via credit card, I asked them to split the payments into multiple portions close to my credit card limit (about 20k). With citi double cash, I get 2% cash back, thats $1500 just in cash back. The problem is I have to pay $20k, wait for the charge on the card to post (from pending), before I can pay it off, then pay the next $20k, etc.

And if its true that I they won't even submit my PTO paper work until I have paid in full, then I'm basically delaying myself by at almost 2 weeks. But the $1500 cash back is worth it!
 

pdx_m3s

Active Member
May 18, 2019
1,561
1,410
Portland, OR
Oh my! I wish I can speed up the payments. They sent me an invoice for $75k to put on a credit card! I had to call them and ask for split payment, but since I DO want to get the rewards via credit card, I asked them to split the payments into multiple portions close to my credit card limit (about 20k). With citi double cash, I get 2% cash back, thats $1500 just in cash back. The problem is I have to pay $20k, wait for the charge on the card to post (from pending), before I can pay it off, then pay the next $20k, etc.

And if its true that I they won't even submit my PTO paper work until I have paid in full, then I'm basically delaying myself by at almost 2 weeks. But the $1500 cash back is worth it!
I have the Citi doublecash card as well. Remember you can ask for a credit limit increase every 6 months without a hard credit pull. I think I'm up to a $50k limit with them now.
 

HankLloydRight

No Roads
Supporting Member
Jan 18, 2014
13,497
11,936
Connecticut
Just a note to others in the same boat, as others above have also experienced.

I paid my solar bill IN-FULL with a credit card over the phone two months ago. But my account STILL says "add bank account and pay final bill". The deposit, state credits, and final payment are all listed on the account, and the balance is $0, but it takes a human to go in an fudge it so the account is marked as "paid". I'm STILL WAITING FOR BILLING TO do that. They tell me that the PTO isn't being held up, as we do have a utility inspection set up for next week.

Hopefully they'll figure it out by then, but if you pay by credit card, be sure to contact them to make sure the payment is credited and your account marked as paid in full. If you don't, it will sit there forever paid down, but not actually paid off.
 

HankLloydRight

No Roads
Supporting Member
Jan 18, 2014
13,497
11,936
Connecticut
What is the best credit card to pay off your solar panels? Is there anything with more than 2%? I'm going to have to pay mine off soon.

You can do better than 2%, but that's about average for the best rate without having to do too much work. I get 2.625% on my BoA card (and 3.5% for dining and travle) only because I'm a Preferred Rewards customer and get a booster.

If you want to apply for a new card, look for one that has a big bonus for spending a few $k in the first three months -- usually a $200 bonus or 50k to 100k points on their card point program which can usually be converted to cash or travel credit. But when getting a new card, realize it will be a small hit on your credit report/credit score for 2 years.

 
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