Home Equity Solar Loan. Your roof, your rules.

Use the equity in your home to fund the solar system installed on it. The same system that can pay for itself in as few as 7 years.

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Megan & Andrew, Affinity Plus members, in front of a house with solar panels.
Megan & Andrew, Affinity Plus Members

What You Get

Low Fixed Rates

Interest rates starting at 2.88% APR.1

Check today’s rates.

Up to $100,000

Average MN solar system cost is $21,000.

No down payment required.

Flexible Terms

No prepayment penalties. Loan terms of 5, 10 and 15 years available.2

Solar systems usually last at least 25 years without needing any upkeep.

Cost Savings

Panels can pay you back in as few as 7 years. The typical 25-year projected savings for Minnesotans is $41,155.

Typical project sizing, cost and production comes from an Eutectics Consulting LLC survey of more than 80 Minnesota residential solar projects, completed from 2016 to 2018.

GETTING STARTED IS EASY

Get Started

Apply online to start the approval process. A mortgage loan officer will reach out to complete the application process.

Returning Applicants

Return to an application you've already started, securely upload documents, and check the status of your application.

We're here to help.

You can connect with a mortgage loan expert for questions you have about our home loans.

DON’T WANT TO USE THE EQUiTY IN YOUR HOME?

We also offer a personal secured solar loan with amounts up to $40,000.

A Proud CU Green Partner
We're in it together.

CU Green is a collaborative effort by leading MN credit unions. We want solar panels to be within reach for anyone who wants to get started. Learn more about solar power, your home’s suitability, trusted installers, incentives and lifetime savings at CU-Green.org

Home Solar Loan Disclosures

  1. APR = Annual Percentage Rate. Effective March 17, 2022, the fixed APR of 2.887% is available for a 5-year Home Solar Loans up to $100,000 with loan-to-value of 80% or less. Actual rate will vary based on term of the loan, credit score, and loan-to-value. Loan payment example: A loan for 5 years at 2.887% APR will result in an approximate monthly payment of $17.92 per $1,000 borrowed. Payment example does not include amounts for taxes and insurance premiums. The monthly payment obligation will be greater if taxes and insurance are included.

    The APR offered on the Home Solar Loan is the Fixed Home Equity Loan rate less a discount. To qualify for the rate discount, borrowers must provide required documentation of a qualifying solar installation, as follows:

    1. Customer Installation Agreement or similar proposal from a NABCEP-certified solar installer specifying solar PV modules, inverter(s) and other system components
    2. Solar Site Plan, showing specific address of project and specific installation location(s)
    3. A complete Monthly Utility Bill from one of the most recent 6 months
    4. Current Solar*Rewards Acknowledgement Letter from Xcel Energy, when applicable
    5. Most recent Federal 1040 Tax Return and supporting paystubs indicating that the property owner can realize the nonrefundable Federal Residential Solar Tax Credit
  2. The Home Solar Loan is secured by a second-position mortgage lien on the property as a home equity installment loan. No down payment is required. Closing costs are to be paid by the borrower. Interest rates are fixed for the term of the loan. Loan approval is subject to credit approval and program guidelines. Interest rates and program terms are subject to change without notice. Property insurance is required.