Two New Solar Loan Programs Offered

SAN JOSE, Calif. – Technology Credit Union unveiled two new solar loan programs for members interested in adding solar panels to their homes or to residential properties.

The loan program, called “Solar $mart,” is part of a larger collaboration between Technology CU and the Bay Area Climate Collaborative on SunShares, which provides consumers, businesses and governments group discounts on solar energy purchases.

Under the new TCU program, the loans include a HELOC offering 80% LTV on loan amounts between $5,000-$75,000 and an unsecured loan with terms of between 10 and 20 years and loan amounts between $10,000 and $50,000.

 

For reprint and licensing requests for this article, click here.
Lending
MORE FROM AMERICAN BANKER