Internet Explorer is no longer supported

We recommend upgrading to the latest version of Microsoft Edge, Google Chrome, or Firefox.

Close
The Right Card to Shop for the Holidays

Green Energy Loan

Save on electricity and reduce your carbon footprint. Our Green Energy Loan allows members to borrow up to $75,000 to purchase renewable energy solutions for your home — primarily solar panels.

Features and Benefits:

  • Rates as low as 5.49% APR1
  • Loans up to $75,000
  • Flexible loan terms with financing up to 20 years
  • Take advantage of the solar federal tax credit2
  • Enjoy cost savings and lasting power
  • Special member only discounts through our partnership with SunPower3

Apply Now

Please select "Green Energy" when filling out your online application.


Not a member yet?

Click here to submit a membership application and take advantage of The Police Credit Union's Green Energy Loan.

Frequently Asked Questions


How does the solar federal tax credit work?

You may be eligible for a federal tax credit2 — please check with the IRS for specifics. It's important to consult with a tax professional for specific advice and details on the amount of the credit. Please note: a tax credit, if you are eligible, reduces the amount of taxes you owe, but does not guarantee a tax rebate or refund.

Here is the required IRS form 5695 (this link will take you to the IRS website). You will also need to reach out to your solar installer directly to request a copy of your contract.

I am refinancing my home and the title company is asking about a Uniform Commercial Code (UCC-1) on the title report. What is this?

When you signed the loan agreement and The Police Credit Union financed the solar system for you, you granted The Police Credit Union security interest in the solar system and authorized The Police CU to file a UCC-1 lien securing its interest in the solar system. This is not a lien against the home. The UCC-1 appears as a lien against the solar system on the county real estate property records. The UCC-1 lien protects The Police CU's interest in the solar system and prohibits mortgage lenders from taking ownership of the solar system. Mortgage lenders prefer to be in first position on title of the home and they will typically request a subordination of the UCC-1 when you refinance your mortgage loan.

I am selling my home and I am still making payments on my Green Energy Loan. What are my options? 

You or the purchaser may pay off the loan at the time of sale, or the purchaser may assume the loan, subject to the conditions and approval of The Police Credit Union. The loan will need to be paid off in full if the purchaser is not approved to assume the loan. Please refer to your loan agreement for additional terms and conditions.

1 APR=Annual Percentage Rate. Example rate of 5.49% APR with 120 monthly payments = $108.48 per $10,000 borrowed, assumes .25% discount for enrollment in automatic payments. Rates quoted assume excellent borrower history. Your actual APR may vary and will be determined when a credit decision is made. A $125 processing fee to be collected with application. All loans secured by a UCC-1 financing statement. Selected contractors must be licensed and approved prior to loan approval. Rates, terms and conditions subject to change. Additional terms and conditions apply.

2 Under federal law, you may receive a tax credit equal to 26% of the cost of your solar for systems installed in 2020-2022, and 22% for systems installed in 2023. Other state-level incentives may apply. Contact your tax professional for specific advice as to whether the credit is allowable on your tax return.

3 Restrictions apply, visit https://go.sunpower.com/partner/beneplace/ for more details.