Geothermal Heat Pump System Loans

Power your home with cost-effective clean energy sourced from right below your feet.

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An Energy Efficient Way to Heat & Cool Your Home

More than half of the energy used in your home is for heating and cooling, which can vary with the seasons. Swap your fluctuating energy bill for a fixed loan payment instead.

Pay Less & Protect the Planet

Choose a more efficient way to heat and cool your home, while lowering your energy bills and reducing your carbon footprint.

Energy Independence

Geothermal energy doesn’t depend on weather conditions. It’s constantly supplying energy from the earth’s core without releasing harmful greenhouse gases into the atmosphere.

Lock in Your Payment

Borrow up to $90,000 and gain peace of mind with a fixed rate instead of paying fluctuating energy bills.

Fixed Rates

We offer 12, 15, or 20-year fixed rates on loans so you don’t have to worry about rising rates for the duration of your term.

No Prepayment Penalties

Interested in paying off your loan sooner rather than later? No worries — we’ll never penalize you for doing just that.

Automatic Payments

Never miss another payment again when you set up automatic loan payments from your checking account or credit card.

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Geothermal System Combo Loan

A geothermal combo loan is actually two separate loans that, when combined, provide you with an optimized, no-money-down finance strategy for your geothermal system installation. Here’s how the two parts work.

Short Term Loan

Short Term Loan: This “balloon” loan is meant to cover the federal income tax credit that’s available for new residential geothermal systems at up to 30% of the eligible project cost.

Fixed-Rate Long Term Loan

Fixed-Rate Long Term Loan: This is a 12, 15, or 20-year fixed rate, fully amortizing loan for the remaining 70% of the eligible project cost.

Combo Loan Overview

Clean Energy Credit Union helped me replace my conventional HVAC system with a super-efficient geothermal HVAC system (with hot water preheat). It’s powered by my solar PV system and greatly reduces my home energy costs, environmental footprint, and reliance on the utility company.

— Jerry

Today’s Rates

Geothermal System/Ground-Source Heat Pump Loans
Loan Type	Min/Max Loan Amount	Term	APR as low as
¹ Secured via a UCC-1 filing on any repossessable equipment; you will be charged a flat filling fee that depends on number of filings required, FICO score, loan amount, and project location which shall be either $100 or $250 (or $350 in CA, FL, IL, MD, PA, and TN). ² Loan processing fee: $150 due at funding. ³ The combined amounts of a short-term and long-term loan cannot exceed 100% of the project cost. The short-term loan amount is typically 30% of the project cost, and the long-term loan amount is typically for the remaining balance (70% ). In certain instances, the member may choose to go above 30% for the short term loan or 70% for long term loans. ⁴ Rate shown assumes that short-term loan balloon payment is fully repaid at maturity; if not, the interest rate is 17.99%. ⁵ Rates shown include a 2.00% discount for automatic loan payments. ⁶ Rates shown are lowest possible rates for qualified buyers. Rates may change dependent on credit qualifications, underwriting factors, and loan characteristics. ⁷ Residences in certain counties and states may be eligible for a 0.50% rate discount after providing proof of registration in the the following programs: ^a New York State NYSERDA program: 0.50% ^b Colorado State RENU program: 0.50% ^c Clean Energy Advantage “CEA” program in Montgomery County (MD) and Washington DC: 0.50% ^d City of Bloomington Green Home Improvement program: 0.50%
Loan Type Short-Term Geothermal System Loan (i.e. Geothermal Tax Credit Loan)^{1 2}	Min/Max Loan Amount $3,000 to $90,000 Typically 30% Loan-to-Value³	Term 12 or 18 months	APR as low as 7.99%^{4 5 6}
Loan Type Long-Term Geothermal System Loan^{1 2}	Min/Max Loan Amount $3,000 to $90,000 Typically 70% Loan-to-Value³	Term 12 years	APR as low as 7.99%^{5 6 7}
Loan Type Long-Term Geothermal System Loan^{1 2}	Min/Max Loan Amount $3,000 to $90,000 Typically 70% Loan-to-Value³	Term 15 years	APR as low as 8.49%^{5 6 7}
Loan Type Long-Term Geothermal System Loan^{1 2}	Min/Max Loan Amount $3,000 to $90,000 Typically 70% Loan-to-Value³	Term 20 years	APR as low as 8.74%^{5 6 7}

Got Questions? We’ve Got Answers

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:
An employee or volunteer of one of the following organizations:
1. Clean Energy Credit Union
2. Our Climate
3. 350 Colorado
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.

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We help you afford clean energy at home.

Clean Energy Credit Union is proud to partner with multiple communities, green banks, and fellow cooperatives across the country to offer a 0.50% rate discount on clean energy loans for qualifying projects.

Learn more about our Loan Discount Program

You can count on us when times get tough.

In the event of an unexpected financial hardship, your loan balance or monthly loan payments may be cancelled without penalty or added interest.

Explore our Debt Protection Program

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