Solar Loan. Harness the sun and save.
Ready to make the switch to clean energy? Fast track your way to a solar-powered home with our personal secured solar loan.
What you get
Up to $40,000
Average MN solar system cost is $21,000.
No down payment required.
Flexible Terms
Loan terms of 5, 10 and 15 years available.* No prepayment penalties.
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.
Want to use the equity in your home?
We also offer a home equity solar loan with amounts up to $100,000.
GETTING STARTED IS EASY
Not a member yet?
Membership is required for loans and accounts with us. But you can apply for them and become a member at the same time.
Already a member?
Apply for loans and open additional accounts in the mobile banking app, from the More screen. Or log in to online banking, then click “Apply” in the upper-right.
We're here to help.
From video calls and chat to secure messaging, there are all kinds of ways to contact us.
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
Disclosures
*APR = Annual Percentage Rate. Effective October 14, 2022, the fixed APR of 6.99% is available for a 5-year Solar Loan up to $20,000. Actual rate will vary based on term of the loan, credit score, and amount borrowed. Loan payment example: A loan for 5 years at 6.99% APR will result in an approximate monthly payment of $19.80 per $1,000 borrowed.