Homeowners: Harness the Power of Solar

It’s time to take action.

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Couple with a contractor in front of home

How It Works

Get started with your solar home improvement project in these six easy steps.

  • Installer placing a solar panel

    Select a solar installer

    Choose a vendor you want to work with.

  • Woman talking on phone while on computer

    Apply for a loan

    You can apply for financing anytime, before or after you receive your contractor’s bid.

  • couple with woman shaking hands with contractor man

    Get approved

    We provide most loan decisions within a few hours.

  • Couple in front of computer smiling

    E-Sign Documents

    Electronic documents sent to your email address.

  • Two contractors installing solar panels

    Start Installation

    We’ll issue funds directly to your installer, per the terms of the contract.

  • Solar panels on a house

    Enjoy your system!

    Sign a certificate of completion and we’ll send any remaining funds due to your installer. Done!

Save money. Save time. Save the planet.

We’ll finance your entire solar loan project, starting with a painless and quick online application process. With our deferred payment options or our long term fixed rates, we have the right financing solution for your solar project!

  • No out-of-pocket costs or fees

    100% financing

  • Deferred payment options

    No payments for up to 18 months

  • Instant approvals

    Get approved, get installed

  • No home equity required

    No appraisal, no delays, no hassles

But that’s not all…

When you finance your solar system with us, you’re not just a customer. You’re a member-owner of a cooperative, local, not-for-profit institution.

Align your values

We know you care about solar, and we bet you care about your community, too. You can feel good about getting financing from an institution that invests in the community it serves.

Reap more rewards

Our profits don’t line the pockets of shareholders, or fund big oil pipelines. We return our profits to you, our member-owners. Meeting your needs and exceeding your expectations is our #1 priority.

Compare your loan options

  • Best for borrowers who want to:

    Best for borrowers who want to:
  • No Prepayment Penalty

    No Prepayment Penalty
  • APR

    APR
  • Term

    Term
  • Instant Approvals

    Instant Approvals
  • Max Residential Loan Amount

    Max Residential Loan Amount

Fixed-Rate Solar Term Loans

  • Best for borrowers who want to:

    Lock in a low rate and make fixed monthly payments
  • No Prepayment Penalty

  • APR

    As low as 5.74%
  • Term

    15-20 years
  • Instant Approvals

    Up to $50k
  • Max Residential Loan Amount

    $100k

Summer Solar Loan

  • Best for borrowers who want to:

    Defer payment until after receiving a tax refund
  • No Prepayment Penalty

  • APR

    Initial 7-year fixed rate as low as 4.74%
  • Term

    14 years
  • Instant Approvals

    Up to $50k
  • Max Residential Loan Amount

    $100k

Jackpot Solar Loan

  • Best for borrowers who want to:

    Start with the lowest monthly payment available
  • No Prepayment Penalty

  • APR

    Initial 7-year fixed rate as low as 5.24%
  • Term

    21 years
  • Instant Approvals

    Up to $50k
  • Max Residential Loan Amount

    $100k

We found Community 1st to have the best renewable-focused loan packages that were flexible and still at great rates. Very highly recommended and easy to work with.

— Ryan and Tia R., Battle Ground, WA

See what you can save

Learn more about each of our loan options and see detailed rates information.

With today’s low interest rates, you can save even more money as your system creates clean energy! Our 15-year rates start at 5.74% and 20-year rates at 6.24% for best qualified borrowers.

Fixed-Rate Solar Term Loans

Term

APR as low as

Term

15 years

APR as low as

5.74%

Term

20 years

APR as low as

6.24%

In 2019, renewable energy installations may be eligible for a 30% federal tax credit. With the Summer Solar Loan, no loan payment is due until June 15th of the year after installation. This gives time for most tax returns to be filed and refunds to be received. The first loan payment is 15% of the original loan amount.

To illustrate: If you invest $30,000 in an eligible renewable energy
project, the potential tax credit is $9,000 and your first loan payment is $4,500.

The term of the Summer Solar Loan is 14 years. It’s like two 7-year loans back to back. The 14-year loan is divided into two 7-year fixed periods, with a fixed interest rate for each period.

When the rate resets at the start of the next 7-year term, it adjusts to the then-current 7-year US Constant Maturity Treasury (CMT) rate, plus 3.25%. It resets again for the final 7-year term.

To illustrate how your rate will reset: if your rate adjustment date was on May 31, 2019, the new rate would be 5.28% (7-year CMT of 2.03 + 3.25 = 5.28%). And to make sure your payments remain low, each adjustment can increase by no more than 2.5% over the previous rate in effect.

Summer Solar Loan

Term

Start APR Years 1-7 as low as

Highest Possible APR Years 8-14

Term

14 years

Start APR Years 1-7 as low as

4.74%

Highest Possible APR Years 8-14

7.24

The new 21-year “Solar Jackpot Loan” is similar to the Summer Solar Loan, but with three 7-year term loans back to back to back, so you get the lowest rates and lowest monthly payments available. A 21-year loan is divided into three 7-year fixed periods, with a fixed interest rate for each period.

When the rate resets at the start of the next 7-year term, it adjusts to the then-current 7-year US Constant Maturity Treasury (CMT) rate, plus 3.25%. It resets again for the final 7-year term.

To illustrate how your rate will reset: if your rate adjustment date was on May 31, 2019, the new rate would be 5.28% (7-year CMT of 2.03 + 3.25 = 5.28%). And to make sure your payments remain low, each adjustment can increase by no more than 2.5% over the previous rate in effect.

There is no deferred first payment with the Jackpot Solar Loan.

Solar Jackpot Loan

Term

Start APR Years 1-7

Highest Possible APR Years 8-14

Highest Possible APR Years 15-21

Term

21 years

Start APR Years 1-7

5.24%

Highest Possible APR Years 8-14

7.74

Highest Possible APR Years 15-21

10.24

FAQs

You will need the following to complete your application:

  • Requested loan amount
  • Application by everyone with an ownership interest in the home
  • Contact, employment, and income information for all borrowers and authorization for a credit inquiry
  • Name of solar installation company
  • Verification of income, if the loan amount is over $50,000 (may also be requested in other cases)

After the application is approved, but before it is funded, you will also need to provide the following:

  • E-signature on loan documents
  • Color copy or scan of your ID

You must become a member of Community 1st Credit Union, If you live outside the state of Washington, see here how to qualify for membership.

No, unlike other financing options, our loans do not require you to have an appraisal or pay the associated cost!

Fill out the application at Friends of the Northwest Credit Union Foundation website and make sure to select Generations in the Credit Union drop-down menu. By choosing this option, once your registration is complete, you will automatically receive a confirmation email from the Foundation.

We’ve designed the process so that you should be able to complete the online or mobile application in less than five minutes. Depending on the dollar amount you are requesting and other factors, we may need to request additional items. The quicker you can provide them, the quicker we can keep moving!

We will contact you right away to confirm that we have received your application and to ask for any follow-up information we may need. Some well qualified borrowers may receive an instant approval notification by email or text. Typically, we will respond within a few hours with a loan decision.

Yes! There is no pre-payment penalty.

There are no fees, but there are a couple of things you should be aware of.

We file a UCC-1 on your equipment at the county and state where you live.  This is essentially a lien on the equipment.  The cost varies across the U.S., but is often between $100 and $300.  We will pass along that cost by adding it to the project cost in the total loan amount.  Therefore, you do not need to pay for it up front.

We also add $5 to the loan amount to open a membership account for you at the credit union.

If you live outside of Washington State, you will likely need to join an affiliate organization, and we have a number of options for that, which may cost around $20 to join.  See question and answer above about eligibility in the credit union.

No, we will file a UCC and Fixture filing on the solar equipment only. This will show up on a property title search, but it is not a deed of trust — our loans are not a second mortgage and are not secured by the home. Our collateral is the solar equipment.

Get Started Today

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Apply online
Apply now

Disclosures

ezSolarLoan/Community 1st Credit Union (C1CU) and third parties, including installers, are independent entities, and not agents, representatives, or legal partners of each other. No relationship exists to create any association, franchise, agency, partnership, joint venture, employment or other special relationship between these entities. No third party is granted any express or implied right to enter into any agreement of any kind for or on behalf of, incur any obligation or liability of, or other otherwise bind, C1CU or any third party.

Loans are subject to credit approval. Rates are based on borrower’s credit score, loan term, and loan program. All programs subject to change without notice.

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