Get the Power of the Sun.
Our newest initiative promotes sustainability through the use of solar power. Protect yourself from rising costs of utility while saving on your electricity bills. With an Excite Credit Union solar loan you get access to natural power plus give back to our planet. Our solar loans will help you finance the purchase and installation of solar panels for your home.
Why Solar is worth it
There are many reasons homeowners upgrade their homes by installing solar panels.
- Increase the value of your home
- Help the environment and reduces your carbon footprint
- Save money on your electric bill
- Federal Tax credit of 26% has been extended through 2022.
- Reduces Dependency
- Lower maintenance costs
Learn ways to make your home energy-efficient and how solar loans can help with upfront costs.
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Solar Loan FAQs
The utility cost savings can be calculated by multiplying the kWh production of the system times the billing rate per kWh charged by the utility. For example, a system that generates 1,000 kWh of electricity per month X a utility billing rate of $0.15 per kWh = $150 in monthly savings.
Solar panels and solar panel systems will save you money and bring a return on your investment in no time. Rising property values, lowered utility costs and the federal tax credit all ease the upfront costs of installing solar panels.
About 25 to 30 years.
There are several factors that affect the combined costs and combined benefits of going solar. The average time it takes solar panels to pay for themselves is between 6-10 years for most homeowners.
Click here for additional informaiton and more answers to your FAQs.
Legal Mumbo Jumbo
Must meet membership and account criteria. All loans subject to credit approval. Rate terms and conditions subject to change. Solar Loans will only be available for owner-occupied residences in California and North Carolina. Solar Loan is available only for purchase and installation of new solar panels. A signed contract for solar panel purchase is needed prior to loan funding. A Uniform Commercial Code (UCC-1) will be filed on all solar loans and is subject to county and state filing fees. There will be a $160 loan origination fee to cover cost for UCC-1 filling.