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Using a Credit Card or Paypal to pay for Tesla Solar
- Thread starter Nikola91423
- Start date
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!
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
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
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.
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.
pdx_m3s
Active Member
preilly44
Member
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.
HankLloydRight
No Roads
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.
Best Credit Cards of March 2024 - The Points Guy
These are our favorite credit cards right now. Compare current card offerings, sign-up bonuses, and deals to find the best credit card for you.
Best Credit Card Bonuses for New Cardholders - NerdWallet
Credit card bonus offers are a quick way to earn hundreds of dollars' worth of rewards, but the best deals don't always stick around.
Very unlikely, lenders want all of their money back and would want an ACH or wire transfer.
CrazyRabbit
Active Member
TY, made my first payment yesterday to Tesla energy, and sent same payment to credit card. Still shows pending, wait for this to clear, rinse and repeat.
charlesj
Active Member
CrazyRabbit
Active Member
I went to make my third payment and Tesla’s system kept rejecting my card, culprit was that I was did the same amount three times. So best to do different amounts.
Tesla’s system wouldn’t process the charge to my bank, it just blocked the charge and didn’t give the reason.
Tesla’s system wouldn’t process the charge to my bank, it just blocked the charge and didn’t give the reason.
Same. They had to change my last payment to $20,000.01 to get around that, then refund the .01. [shrug]
CrazyRabbit
Active Member
Using a Credit Card or Paypal to pay for Tesla Solar
My installation for a cash system is scheduled this month. Can I use a credit card, either directly or through Paypal, to pay for the entire project with no additional fee? I get different answers from different advisors. Thanks!
teslamotorsclub.com
Thanks. I saw this post but its from 2020. Not sure if Tesla has recently stopped taking CC.
Using a Credit Card or Paypal to pay for Tesla Solar
My installation for a cash system is scheduled this month. Can I use a credit card, either directly or through Paypal, to pay for the entire project with no additional fee? I get different answers from different advisors. Thanks!
Also I see you have a solaredge inverter. HOw did you get access to solaredge monitoring?Using a Credit Card or Paypal to pay for Tesla Solar
My installation for a cash system is scheduled this month. Can I use a credit card, either directly or through Paypal, to pay for the entire project with no additional fee? I get different answers from different advisors. Thanks!
That thread was last updated today. If you signed up to pay your system in cash, you can use a credit card instead. See thread for more info.
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