StraightUp Solar has a seamless relationship with Clean Energy Credit Union to provide special financing to help people install solar electric systems on their homes. The Credit Union is focused on providing clean energy loans that reduce the cost of living for members while also contributing toward a more sustainable environment. These loans include solar, electric vehicles, batteries, and geothermal energy. StraightUp Solar works closely with the Clean Energy Credit Union to help customers finance their solar projects.
The solar loan through Clean Energy Credit Union was specifically designed to finance solar projects. It is split into two parts:
- The first part is a short-term balloon loan to cover the Federal Investment Tax Credit (FITC). This tax credit is issued for installation of a solar PV system and offsets your tax liability. The expectation is that once you have reached tax season you can pay this part of the loan off in full.
- The second part of the loan will account for the remaining percentage of the project that the Federal Investment Tax Credit did not cover. Clean Energy Credit Union offers 12-, 15- and 20-year loans at competitive rates.
We want to make it as easy as possible for our customers to go solar. This financing product is what we offer most often with our solar installations.
Ready to Go Solar?
If you’d like to find out how solar financing can work for you, get started on a custom solar assessment now.