A happy couple and a house with solar panels Megan & Andrew, Affinity Plus Members

Home solar loan powered by cu green

Ready to power your home with sustainable solar energy? Your system can pay for itself in 7 years, and we have the perfect loan to help you set it up.

Apply for a solar loan

Solar Perks

Solar panels can be useful anywhere the sun shines. Many Minnesotans can produce sustainable electricity at home with a rooftop solar power system.

And solar loans are here to make it easier.

lower rates

Cost Savings

Panels can pay you back in as few as 7 years, and the typical 25-year projected savings for Minnesotans is $41,155.

lasting power

Lasting Power

Solar panel systems usually last at least 25 years without needing any upkeep.


Energy Independence

Solar panels rely only on the sun's energy to generate power.



Solar power means no emissions, and that means a smaller carbon footprint.

Typical project sizing, cost and production comes from a Eutectics Consulting LLC survey of more than 80 Minnesota residential solar projects completed from 2016 to 2018.

About Solar Loans

The Home Solar Loan powered by CU Green is a Fixed Home Equity Loan at a reduced rate. It can be used for funding solar panel systems, their installation and related fees for homeowners in Minnesota and Wisconsin.

  • Low, fixed interest rates starting at 2.887% APR* Check today's rates.
  • Loan amounts up to $100,000 (average MN solar system cost is $21,000)
  • Loan terms of 5, 10, and 15 years available**
  • No down payment required

Apply for a solar loan
A home's roof with solar panels installed on it

We’re in it together

CU Green is a collaborative effort by leading MN credit unions. We want solar panels to be within reach for anyone who wants to get started.

Learn more about solar power, your home’s suitability, trusted installers, incentives and lifetime savings at CU-Green.org →


Home Solar Loan Disclosures
* APR = Annual Percentage Rate. Effective March 17, 2020, the fixed APR of 2.887% is available for a 5-year Home Solar Loans up to $100,000 with loan-to-value of 80% or less. Actual rate will vary based on term of the loan, credit score, and loan-to-value. Loan payment example: A loan for 5 years at 2.887% APR will result in an approximate monthly payment of $17.92 per $1,000 borrowed. Payment example does not include amounts for taxes and insurance premiums. The monthly payment obligation will be greater if taxes and insurance are included.

The APR offered on the Home Solar Loan is the Fixed Home Equity Loan rate less a discount. To qualify for the rate discount, borrowers must provide required documentation of a qualifying solar installation, as follows:
1. Customer Installation Agreement or similar proposal from a NABCEP-certified solar installer specifying solar PV modules, inverter(s) and other system components
2. Solar Site Plan, showing specific address of project and specific installation location(s)
3. A complete Monthly Utility Bill from one of the most recent 6 months
4. Current Solar*Rewards Acknowledgement Letter from Xcel Energy, when applicable
5. Most recent Federal 1040 Tax Return and supporting paystubs indicating that the property owner can realize the nonrefundable Federal Residential Solar Tax Credit

** The Home Solar Loan is secured by a second-position mortgage lien on the property as a home equity installment loan. No down payment is required. Closing costs are to be paid by the borrower. Interest rates are fixed for the term of the loan. Loan must be repaid with monthly electronic or Automated Clearing House (ACH) payments over the term of the loan. Loan approval is subject to credit approval and program guidelines. Interest rates and program terms are subject to change without notice. Property insurance is required.