SOLAR
LOANS
Reduce Your Energy Costs
One of the best ways you can protect yourself from rising electricity costs is to add solar to your home - and Matadors Community Credit Union can help you achieve that!
Our competitive solar loans come with quick application turnaround, low fixed rates, no money down, and zero payments for 90 days!*
Matadors Community Credit Union offers two competitive solar loan options. Both options feature:
-
Qualifies for 30% Federal Tax Credit!*
-
Low fixed rates
-
Borrow up to $75,000
-
No money down and no pre-payment penalties
-
No payment for 90 days*
-
Quick application turnaround
Need to finance Solar + battery storage or battery storage only? Our Home Energy Loan may be best for you!
-
Rates as low as 4.99% APR¹
-
Terms up to 20 years
-
Unsecured loan with no UCC1 lien recorded on property
Click here for more information on our Home Energy Loans.
Need to finance Solar only? Our secured Solar Loan may be best for you!
-
Rates as low as 5.24%²
-
Terms up to 25 years
-
Secured loan with UCC1 lien recorded on property
For more information on our Solar Loans, contact us at solar@matadors.org or click the link below to request an application.
Are you a solar contractor?
Solar Contractor Resource Center Click here!
*The Federal Solar Tax Credit (also known as the Investment Tax Credit or ITC] of 30% available through 2032. Consult your tax advisor for details.
¹APR=Annual Percentage Rate. Rates as of 7/01/2024 and are subject to change at any time. Must meet credit and income criteria. Monthly payments at 4.99% APR for a 60-month term are estimated at $18.87 per $1,000 borrowed. Rate reflects automatic payment discount of .50%. Max $ amount of $75,000 must include bundled solar + battery storage. Max $ amount of $50,000 for all other energy efficiency projects. 20 Year term available only if project includes bundled solar + battery storage.
²APR=Annual Percentage Rate. Rates as of 8/01/2024 and are subject to change at any time. Must meet credit and income criteria. Rate quoted is the preferred rate with a minimum 720 FICO. Subject to credit approval and membership eligibility. Other rates and terms available. Sample Payment: $234.25 (based on 144 month term, $25,000, 5.24% APR). Rate reflects a .50% discount for Automatic Payment. Rate buydown fee may apply. Interest will accrue from date of funding. UCC1 lien will be recorded on property. Restrictions may apply. Membership required.
