We’re excited about the new 30% federal tax credit for solar and battery storage, and we don’t want anyone to miss out on those peak summer rays because they’re waiting for the new tax year. That’s why we’re offering a zero-interest 18-month Same-As-Cash (SAC) loan to cover your tax credit with Clean Energy Credit Union financing.
With this short-term financing, you can and finance your 30% tax credit upfront with the 18-month SAC loan and have the system installed and operational sooner. Avoid rising electric utility rates, lock in a predictable energy bill, take advantage of peak solar production during the spring and summer months, and pay the loan back when you receive your tax credit the following year.
If you are interested in financing the whole project, we offer longer-term loans for the remaining cost of the project.
Long-Term Financing Options
In combination with the Same-As-Cash loan for the 30% tax credit, the Clean Energy Credit Union offers long-term loans for the remainder of the project at a fixed interest rate with no prepayment penalties. Terms are typically 12, 15, and 20 years. Interest rates are proportional to the term length, so the shorter the term, the lower the interest rate.
There are no prepayment penalties, and customers can reamortize the loan at any time with a 15% payment of the loan’s principal.
Here’s a look at an example of the Clean Energy Credit Union’s solar combo loan.
Get in touch with us today to talk through the possibilities. We’d love to help you celebrate the holidays knowing you’re on your way to a clean energy future for your home — and knowing that you’ll soon be soaking up the summer sun with your brand-new solar panels!