Solar Your Way with Meriwest!
Every rooftop is different and so too are solar projects and solar loan needs. At Meriwest, we have you covered regardless of your approach:
- If you have your solar contractor picked out and are ready to go, our Go-Solar Loan, can be ready in as little as 48 hours.
- If you are looking for a more turnkey approach, our partner, Enium Capital Group, can help get you started with a vetted, local solar contractor, and a Total-Solar Loan.
Compare Solar Loan Options:
We offer both Go-Solar Loans for installation by a provider you have selected, and Total-Solar Loans, where our partner, Enium Capital Group, will help identify the best solar contractor for your project and facilitate financing and payment:
Click Here to View Our Solar Loan Comparison Chart
Criteria Go-Solar Loan Total-Solar Loan Loan Security / Collateral None UCC Fixture Filings How it Works
You line up your solar provider and then apply for your loan online at Meriwest. You’ll need to upload income documentation, proof of homeownership, and a copy of the solar installment contract.
If approved, funds are available to you within 48 hours.
After you submit the interest form, Enium Capital Group will assist with connecting you to a vetted, reputable solar contractor in your area.
The contractor will provide a scope of work and estimated project cost. If you decide to move forward, the contractor will submit your loan application to Meriwest CU.
The solar project installation process You will receive the funds upfront and are responsible for paying the contractor per the terms of your contract. Loan proceeds will be disbursed directly to the contractor as the project progresses. Payments will begin 30 days following the final disbursement of the loan proceeds. Loan Length Loan terms of 120, 180 or 240 months Loan Terms of 120, 180, 240 or 300 months Annual Percentage Rate Fixed rate loan ranging from 8.10% to 8.20% APR* Fixed rate loan ranging from 2.99% to 7.99% APR* Maximum Loan Amount Up to $45,000 Up to $100,000 Initial Promotional Periods None Promotional periods available with interest as low as 0%. Eligible for Tax Credits or Local Rebates? Yes, you may be eligible for the Federal Energy Tax Credit up to 26% of the total project costs, and you may qualify for additional state or local incentives or rebates offered by your State, City or local utility company. Yes, you may be eligible for the Federal Energy Tax Credit up to 26% of the total project costs, and you may qualify for additional state or local incentives or rebates offered by your State, City or local utility company.
*APR is Annual Percentage Rate. Rates effective 11/09/2022. Rates may vary with amount financed, term and your credit history.
Membership is required with a one-time non-refundable $5 fee.
Choose Your Solar Option
Choose your option below and get on the road to cleaner energy and lower energy bills!
Visit our rates page to determine the term that fits your needs. Then click the "APPLY TODAY" button below and proceed to our Personal Loan Application page. Choose ‘Solar Panel Purchase’ as the purpose, enter your loan amount and term, and complete the application. Don’t forget to upload a copy of your solar purchase and installation contract.
Just click the "GET STARTED" button below and complete the request form. We will work with our partner Enium Capital Group, to connect you with a reputable solar contractor in your area. The solar contractor will provide you with a scope of work and estimated project cost. If you decide to move forward, the solar contractor will submit your loan application to Meriwest CU.
You are eligible to join Meriwest Credit Union if any of the following applies
- You live, work, worship, or attend school in Alameda, Contra Costa, San Francisco, San Mateo and Santa Clara counties of Northern California, and Pima county of Arizona.
- You are an employee of a participating Meriwest Credit Union member company.
- You are a relative of or reside with a current member of Meriwest Credit Union.
- If you don’t meet any of the requirements above, you can still join Meriwest with a complimentary membership in the Financial Fitness Association. Call 1-877-637-4937 to learn more.