Direct Solar Loan Application Tutorial

Here is a step by step process on how to complete our loan process. This includes steps like how to use ID Pal, upload documents to our portal, and how to schedule a call with our team.

Here is a timeline of our video if you would like to skip to a specific section:

00:00 – 00:59 – Introduction

00:59 – 05:30 – Phase One of the loan application

05:30 – 06:29 – Signing up for a membership at Clean Energy CU

06:29 – 08:43 – ID Pal Verification Process

08:43 – 08:56 – Membership Documents to Sign

08:56 – 10:53 – Phase Two of the loan application

FAQs

First, see if you’re already eligible to join Clean Energy Credit Union by being a part of our “field of membership,” which currently includes:

  1. A member of one of the following organizations:  
    1. African-American Credit Union Coalition
    2. American Solar Energy Society
    3. Association of Energy Service Professionals
    4. Colorado Renewable Energy Society
    5. Denver Electric Vehicle Council
    6. Electric Auto Association
    7. Engineers for a Sustainable World
    8. EVHybridNoire
    9. Georgia Solar Energy Association
    10. Green America
    11. GreenHome Institute
    12. Illinois Solar Energy Association
    13. Midwest Renewable Energy Association
    14. Northeast Sustainable Energy Association
    15. Polar Bear Sustainable Energy Co-op
    16. RENEW Wisconsin
    17. Renewable Energy Owners Coalition of America
    18. Solar United Neighbors
    19. Texas Solar Energy Society
    20. Women of Renewable Industries and Sustainable Energy
  2. An employee or volunteer of one of the following organizations:  
    1. Clean Energy Credit Union
    2. Our Climate
    3. 350 Colorado
  3. A member of the immediate family or household of someone who is eligible via one of the above options or of someone who is already a member of Clean Energy Credit Union

If you’re not already eligible to join Clean Energy Credit Union, you can consider joining one of the above organizations. On your membership application, you can request that Clean Energy Credit Union sign you up for a membership with the Solar United Neighbors free of charge or request that Clean Energy Credit Union sign you up for a one-year membership with the- American Solar Energy Society and deduct the associated $10 membership fee from your opening account balance. Click here to learn more about the field of membership partner organizations listed above.

After confirming your eligibility, you would then open a “share account” (i.e. savings account) with a $5 minimum deposit which would serve as your ownership share in Clean Energy Credit Union. Once someone becomes a member of the Credit Union, they are a member for life. Click here to join Clean Energy Credit Union.

In case it helps, here’s some background on what a credit union “field of membership” is: although credit unions provide similar services as banks, they are different from banks in many ways. For example, a credit union is a not-for-profit, financial services cooperative that exists solely to serve its members and to fulfill its mission, whereas a bank exists to maximize financial returns for its stockholders. Another difference is that a bank can serve the general public whereas a credit union can only serve its “field of membership,” which is defined by regulators as the people and entities that are legally eligible to join the credit union. Ultimately, a credit union’s field of membership is comprised of one or more groups of people and entities that all have something in common that binds them together in some way. Many credit unions have a field of membership that includes people who work for a certain employer, or who live in a certain geographic area, or who are members of the same professional association or religious organization.

Yes, in order to become a Registered Dealer for our solar loans, they must go through a formal application, evaluation, and selection process. Our intention with this vetting process is to help improve the quality, longevity, and customer experience for our Members’ solar projects. That being said, Registered Dealers are independent contractors and are not affiliated with Clean Energy Credit Union. Clean Energy Credit Union does not endorse or make any representations or warranties with respect to the quality of work provided by Registered Dealers, and it is the responsibility of our Members and prospective Members to interview and select a solar dealer that meets their needs.

To apply for a loan, please complete our online loan application here. Once completed, you will receive an email with next steps such as becoming a member of Clean Energy Credit Union.

Switching Banks?

Not sure how to sever your ties with fossil fuel funding? Look no further. Check out our page giving a step by step process on how to break up with your old fossil fuel funding bank.