Pre-NTP Solar Development Loans

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Development Capital for Solar Projects Before Notice to Proceed

Pre-NTP development loans for solar projects fund the costs that come before construction financing: interconnection studies and deposits, site control, permitting, environmental work and offtake negotiation. They are repaid at notice to proceed, from the construction loan, tax equity or a sale of the project.

Construction lenders will not fund this stage. Specialist development lenders and strategic capital partners will, if the project file proves a credible path to NTP.

What each stage costs and who funds it

Utility-scale solar array under development

Who lends before NTP

Development lenders and private credit. These lenders take a secured loan against project rights, interconnection position and land agreements, with repayment at NTP.

Strategic development partners. IPPs and funds pay development fees or milestone-based funding in exchange for the right to acquire the project.

Development equity. Minority investors take a stake in a portfolio. See equity fundraising for solar projects.

What Financely delivers

Development lenders underwrite the probability of reaching NTP. Our Lender-Ready Package builds that case for a fixed USD 7,500 in 15 business days. It includes a credit memo on project milestones, a development budget with sources and uses, model review and NTP take-out sizing, the data room, a terms benchmark and a live map of lenders funding pre-NTP solar.

It suits developers with site control and an interconnection queue position who need capital to reach NTP. From NTP onwards, see solar project financing for developers and tax credit bridge loans.

Fund Your Solar Pipeline to NTP

Send us the project size, queue position and development budget. We will scope the work and send a fixed quote.

Frequently asked questions

What is a pre-NTP solar loan?

A loan that funds development costs before notice to proceed. It is secured on project rights and repaid when construction financing or a project sale closes.

How is pre-NTP debt repaid?

From the construction loan, tax equity or the sale proceeds at NTP. Lenders size the loan against that take-out.

What do pre-NTP lenders require?

Site control, an interconnection queue position, a permitting plan, a development budget and a credible path to offtake.

General information only, not legal, tax or investment advice. Financely is an advisory and arranging firm, not a lender or broker-dealer. Any financing is subject to lender underwriting, due diligence, credit approval, documentation and conditions precedent, and no outcome or timeline is guaranteed.

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Submit Your Deal & Receive a Proposal Within 1-3 Working Days

Submit your deal using our secure intake form, and receive a quote within 1-3 business days. Existing clients can connect with their relationship manager through our secure web portal.


All submissions are promptly reviewed, and all communications are conducted through the intake form or the client portal for a seamless and secure process.

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Thank you for considering working with us. A nominal fee of US$500 is required upon completion of each form. This fee covers the time and effort we invest in reviewing your submission and crafting a thorough proposal. We receive numerous inquiries and prioritize those that carry this fee, ensuring serious applicants receive prompt attention.

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Once we receive your submission, our team will review your information to determine feasibility. If eligible, you will receive a proposal or term sheet within 1–3 business days. Visit our FAQ and Procedure pages for more information.

Disclaimer: Financely provides financing based on due diligence and feasibility. Approval is not guaranteed, and past performance does not predict future outcomes. All terms are subject to review. Financely primarily assists with structuring and distribution. Qualified parties carry out the project if the client approves the proposal.

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