Solar Financing
Let's Build a Brighter Future Together
If going solar is one of your goals, then tapping into your home’s equity
with a Home Equity Line of Credit (HELOC) is a smart, flexible way to pay for it.
Why a HELOC Makes Sense
for Your Solar Project
A HELOC isn’t just another loan — it’s flexible access to your home’s value, right when you need it.
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Save money over time
Rather than locking into a high-interest loan through a solar company, a HELOC typically offers lower interest.
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Borrow what you need, when you need it
A HELOC lets you borrow only what you use during a set “draw period,” which means you’re not paying interest on money you’re not using. By borrowing from a HELOC, you have more control on when to pay the solar contractor.
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Keep options open as you go
Thinking about battery storage, EV charging, or other upgrades down the road? A HELOC lets you roll future upgrades into one flexible plan — because home improvements don’t always happen all at once.
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Invest in your home and the planet
Solar can increase your home’s value, lower monthly utility bills, and offer tax incentives¹. You may also receive credits for excess energy. Plus, you’re powering your home with clean, renewable energy.
Let’s Crunch Some Numbers
Ready to Bring Solar Home?
Apply for a HELOC|
Max. Combined Loan-To-Value |
Minimum Line |
Maximum Line |
Prime Rate |
Margin |
Variable APR without AutoPay |
Variable APR with AutoPay* |
|---|---|---|---|---|---|---|
|
Max. Combined Loan-To-Value Up to 70% |
Minimum Line $10,000 |
Maximum Line $250,000 |
Prime Rate 6.75% |
Margin 2.00% |
Variable APR without AutoPay 8.75% |
Variable APR with AutoPay* 8.25% |
|
Must meet membership and account criteria. All loans subject to credit approval. Rates, terms, and conditions subject to change. Some restrictions apply. APRs effective as of 4/1/2026 and are our best rates. Your rate may be higher based on your credit history and other qualifying criteria. The rate is variable, subject to a minimum rate of 3.99% APR and maximum rate of 15.00% APR. A $10,000 initial advance may be required. You may be required to reimburse us for closing costs if your line is closed in the first three years. *Automatic payments from a BluPeak Checking Account are required for full loan term otherwise rate will increase by 0.50%. |
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Frequently Asked Questions About Solar Financing in California
Yes. California homeowners commonly use a Home Equity Line of Credit (HELOC) to finance solar panels. A HELOC allows you to tap into your home’s equity to pay for solar installation and related upgrades, often with more flexibility and lower interest rates than solar-specific loans.
Yes. California homeowners may qualify for federal solar incentives, including the Federal Residential Clean Energy Credit, which allows eligible homeowners to claim a percentage of solar installation costs as a tax credit. Additional local or utility-based programs may also be available depending on where you live.
Yes. Many homeowners use a HELOC to pay upfront installation costs and then apply any eligible solar tax credit toward their balance or other financial goals. Since tax benefits vary by situation, it’s best to consult a tax professional for personalized guidance.
For many homeowners, yes. With California’s updated net energy metering structure, reducing upfront solar costs and maintaining payment flexibility is more important than ever. A HELOC can help spread costs over time while you benefit from lower energy bills and long-term home value.
In many cases, yes. Solar panels are often viewed as a valuable home upgrade in California, where energy costs are higher and demand for clean energy is strong. Solar may increase resale value while lowering monthly utility expenses during ownership.
BluPeak Credit Union offers California homeowners personalized guidance, competitive HELOC options, and clear explanations every step of the way. We help you understand how solar financing fits into your bigger financial picture — so you can move forward with confidence.
We’re here to help you build a better future
Learn ways to make your home energy-efficient and how solar loans can help with upfront costs. Explore our blog to get practical tips to help you save, grow and accomplish your goals.
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Disclosures
Must meet membership and account criteria. All loans subject to credit approval. Information and interactive calculators are made available to you as self-help tools for your independent use. Rates, terms and conditions subject to change. APRs valid as of 4/1/2026. Some costs and restrictions apply. Home Equity Line of Credit: Property must be owner-occupied, single-family residence or 1–4 story condominium in California only. Maximum loan amount 70% combined Loan-To-Value (LTV).
No-closing costs are offered on HELOCs per the terms below and are available on fixed-rate home loans for a slightly higher rate. BluPeak will cover the following closing costs (fees): flood certification, title insurance, escrow, credit report, condo processing, mortgage recording, notary, trust documentation, release of third-party mortgage and automated valuation. If the loan is closed within three years of origination, an Early Account Closure Fee of up to $500 will be assessed to recover to cost of the fees paid by credit union. A Reconveyance Fee is charged when the line is closed and the balance is paid in full. The $50 Annual Fee is waived the first year and assessed on each annual loan anniversary date thereafter if the outstanding balance falls below $10,000. An optional appraisal may be required based on the automated valuation findings, the requested loan amount and LTV. If an appraisal is ordered, the actual cost will be paid by you.
- Check with your tax professional for more information.