Battery Storage Loan
Ensure you consume the clean energy you generate, maximize the value of your initial solar investment.
Maximize Your Savings with a Battery Storage Loan
Investing in a Battery Storage System for your home is an excellent step toward energy independence to accelerate the adoption of clean energy technologies. The great news is that substantial Government Incentives and Tax Credits can drastically reduce the total cost of your installation, making residential energy storage more affordable than ever.
Power Your Home Day and Night, On Your Terms
Achieve Energy Independence and Backup Power
Backup During Outages: A battery system creates a “microgrid” in your home, allowing you to seamlessly switch to stored power during blackouts. This provides essential backup power to keep lights, refrigerators, internet, and other critical appliances running.
True Energy Independence: By storing energy generated during the day, you significantly reduce your reliance on the utility company, bringing you closer to true energy self-sufficiency.
Maximize Financial Savings
Avoid Peak Rates: Electricity is most expensive in the late afternoon and evening, your solar panels generate the most power midday. The battery stores that low-cost daytime power and allows you to use it later, avoiding purchasing high-cost electricity from the grid during peak hours.
Maximize Self-Consumption: Instead of exporting excess power back to the grid for minimal credit, ensure you consume the clean energy you generate, maximizing the value of your initial solar investment.
Enhance Sustainability and System Efficiency
Use Clean Energy Around the Clock: Use your clean, solar-generated electricity at night or on cloudy days, further reducing your reliance on fossil fuels that typically power the grid during those high-demand periods.
Optimize Solar Output: By absorbing excess energy, the battery prevents wasted solar production, ensuring you use every kilowatt-hour your panels produce.
2 Easy Ways to Finance Your Battery Storage
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Bundle with a New Solar PV Loan
Planning a new solar installation?
You don’t need a separate loan for your battery. If you’re financing a solar PV system through Clean Energy Credit Union, you can bundle your battery storage directly into your primary Solar PV System Loan.
- One application, one simple monthly payment.
- Finance your complete solar + storage setup all together under competitive Solar PV terms.
How to Apply to bundle with a New Solar PV Loan
Add Battery Storage to an Existing System (via GHI Loan)
Already have solar panels, or adding a standalone battery system?
If you already have solar installed and want to add battery backup—or if you’re installing a standalone storage system—your project is financed through our Green Home Improvement (GHI) Loan.
- Designed for standalone battery additions and retrofits.
- Flexible secured and unsecured terms ranging from 36 to 144 months.
- Rates and terms specifically structured under our GHI program parameters.
Our tailored Green Home Improvement (GHI) loans allows members to easily finance this crucial final step toward complete energy resilience
Low Risk
Depending on your home improvement project, we offer loans with and without required collateral.
Flexible Terms
With terms as short as 36 months, you can choose whether you want a faster repayment period or extend it all the up to 144 months.
Affordable Loans
No matter the size of your project, we offer loan amounts from $1,000 to $50,000 to fit your budget and equipment needs.
Fixed Rates
Keep your payments right where you want them with a fixed interest rate.
No Prepayment Penalties
Ready to pay your loan off early? We encourage you to prepay your loan payments with no added penalty fees.
Automatic Payments
Never miss a due date with automatic electronic payments withdrawn from your checking account or credit card.
Eligibility for Financing
To ensure your investment is reliable and qualifies, the Battery Storage System must be Grid Tied or PV System Tied and have a capacity rating of 3 kilowatt-hours (kWh) or greater and come with a minimum 10-year manufacturer’s warranty.
Additional programs, including rebates, incentives
Many states and local utility providers offer additional programs, including rebates, incentives, or subsidized low-interest loan programs to encourage home battery installation. These incentives further lower your out-of-pocket expenses and make financing for energy storage highly attractive.
Check out what energy efficiency incentives are available in your zip code area with these resources!
Rewiring America | Database of State Incentives for Renewables & Efficiency
Today’s Rates
|
Loan Type1 |
Min/Max Loan Amount |
Term |
APR23456 as low as |
|---|---|---|---|
|
1 Loans must be used for qualifying clean energy products and services – see list here. |
|||
|
Loan Type1 Secured Green Home Improvement Loans |
Min/Max Loan Amount $3,000 to $75,000 |
Term 3 years |
APR23456 as low as 5.24% |
|
Loan Type1 Secured Green Home Improvement Loans |
Min/Max Loan Amount $3,000 to $75,000 |
Term 5 years |
APR23456 as low as 5.74% |
|
Loan Type1 Secured Green Home Improvement Loans |
Min/Max Loan Amount $3,000 to $75,000 |
Term 7 years |
APR23456 as low as 5.99% |
|
Loan Type1 Secured Green Home Improvement Loans |
Min/Max Loan Amount $3,000 to $75,000 |
Term 10 years |
APR23456 as low as 6.49% |
|
Loan Type1 Unsecured Green Home Improvement Loans |
Min/Max Loan Amount $1,000 to $50,000 |
Term 3 years |
APR23456 as low as 8.24% |
|
Loan Type1 Unsecured Green Home Improvement Loans |
Min/Max Loan Amount $1,000 to $50,000 |
Term 5 years |
APR23456 as low as 8.74% |
|
Loan Type1 Unsecured Green Home Improvement Loans |
Min/Max Loan Amount $1,000 to $50,000 |
Term 7 years |
APR23456 as low as 8.99% |
|
Loan Type1 Unsecured Green Home Improvement Loans |
Min/Max Loan Amount $1,000 to $50,000 |
Term 10 years |
APR23456 as low as 9.49% |
Got Questions? We’ve Got Answers.
Click here to see a list of eligible products.
If you are applying for a non-solar clean energy loan, there is no requirement to work with a Registered Dealer. Please note: For Green Home Improvement projects, your contractor must have at least a 1 year workmanship warranty.
If you are applying for a solar loan, please ask your solar contractor (aka dealer) if they are a Registered Dealer with Clean Energy CU before you apply. Click here for more details about our Registered Dealer requirement.
We recommend checking the Database for State Incentives for Renewables & Efficiency (DSIRE): dsireusa.org. We also recommend asking your clean energy contractor, vendor, or service provider as they can typically help you explore what incentives may be available in your area.
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:
- A member of one of the following organizations:
- African-American Credit Union Coalition
- American Solar Energy Society
- Association of Energy Service Professionals
- Colorado Renewable Energy Society
- Denver Electric Vehicle Council
- Electric Auto Association
- Engineers for a Sustainable World
- EVHybridNoire
- Georgia Solar Energy Association
- Green America
- GreenHome Institute
- Illinois Solar Energy Association
- Midwest Renewable Energy Association
- Northeast Sustainable Energy Association
- Polar Bear Sustainable Energy Co-op
- RENEW Wisconsin
- Renewable Energy Owners Coalition of America
- Solar United Neighbors
- Texas Solar Energy Society
- Women of Renewable Industries and Sustainable Energy
- An employee or volunteer of one of the following organizations:
- 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.