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831.540.4627

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Solar Loans

Solar panel financing
Get financing of up to $50,000 for your solar energy project
 

Qualifying FICO Scores

Term 740 +
Outstanding
720-740
Excellent
680-719
Very Good
5 years 5.50% APR 6.00% 7.50%
10 years 6.50% 7.00% 8.50%
15 years 7.50% 8.00% 9.50%

Features

  • No equity or appraisal required
  • No contractor fees
  • Quick pre-qualification
  • 100% upfront funding
  • No prepayment penalties
  • Flexible loan terms
  • Tax deductible interest*
  • Credit Union will place a UCC lien against the solar equipment and a lien will be placed on the property.

Documents needed for Approval

  • Signed and dated application
  • 2 years W-2's (each borrower)
  • Most recent pay stub
  • Recent Mortgage statement
  • Letter of explanations for any derogatory credit if applicable
  • Proof of any open collections paid if applicable
  • Estimate describing work to be done and cost

*Lien will be placed against the property in second or third position. Newly constructed homes must have been completed and occupied for a minimum of 90 days. This is not intended to be legal or tax advice, please consult your tax advisor or attorney for details. All loans subject to credit approval. 12/2/2014