Solar Crowdsource Welcomes Clean Energy Credit Union

Posted by: Don Moreland

Solar Crowdsource is pleased to welcome Clean Energy Credit Union as an affordable finance option for Solarize campaign participants. 

Investing in solar energy is quickly becoming a "no-brainer" for thousands of people across the United States - and it's easy to understand why. The cost of solar has fallen rapidly over the past 10 years while the technology improves and efficiency increases. Solar has proven to increase property values and helps make homes and businesses more energy independent. Solar requires very little operating and maintenance and systems can be monitored in real-time on a computer or smart phone. Those who invest in solar energy can count on saving tens of thousands of dollars on their electricity bill for decades while using clean, renewable energy. There's little doubt that solar checks off a lot of boxes when it comes to how we choose to generate and use electricity now and in the future.

Which is no doubt why solar continues to grow rapidly. According to the Solar Energy Industries Association, "in the last decade, solar has experienced an average annual growth rate of 59%. In fact, every 90 seconds a new solar installation goes up in the US. Even with such rapid growth, undoubtably, one of the largest hurdles to solar becoming mainstream and on every rooftop in America is the upfront cost. When you buy a new car or furniture, many inexpensive financing options are available that offer 0% interest for up to 60 months. That's not yet the case with solar energy. A 30% federal tax credit (good through 2019) helps but consumers still have to come up with the initial upfront cost and financing options can be expensive and complicated. 

That's why Solar Crowdsource is excited to present a new source of financing solar energy and battery storage to Solarize campaign participants in Georiga. Clean Energy Credit Union is a Colorado-based nonprofit cooperative that is solely focused on clean energy lending. They offer simple short-term and long-term financing options with great terms. Here are some key points from the Clean Energy Credit Union website worth restating here: 

"As a not-for-profit, tax-exempt cooperative, we are democratically owned and controlled by our members on a one-vote-per-member basis.  We serve our mission and our members rather than stockholders.  Both our federal tax-exemption and the lack of stockholder dividend payouts enable us to pass along substantial savings to our members in the form of better loan rates.

We’re online-only, avoiding the expensive operating costs of brick-and-mortar branch offices. Again, this savings is passed along to members in the form of better loan rates.

Finally, we’re focused solely on clean energy lending, enabling us to do it better than any other financial institution.  Promoting clean energy and protecting the environment are in our mission and in our DNA, ensuring that we retain our clean energy focus far into the future."

In addition to offering simple, low-cost loans, Clean Energy Credit Union (CECU) offers other banking services that makes it easy to support their mission. Click here to view the CECU flier and click here to view loan rates, qualifications, and instructions. To find out more, visit http://cleanenergycu.org/

Note: Solar Crowdsource is not affiliated with Clean Energy Credit Union and does not receive any compensation for customers referred through a Solar Crowdsource Solarize program. Working with Clean Energy Credit Union advances our mission to make solar more affordable and accessible and to rapidly advance the adoption of solar energy.