SAN JOSE, Calif.–Technology Credit Union said that since its 2016 commitment to green energy alternatives, it has funded more than $1 billion in residential solar loans through its partnership with Sunlight Financial, helping more than 35,000 homeowners across the country “save money while protecting the environment.”
In addition to helping its members go green via solar loans, Tech CU said it has also taken steps to change its impact on the environment. In 2016, it noted it installed solar panels at its headquarters, reducing its non-renewable energy consumption by 40%, installed LED lights, and has partnered with Tesla since November 2013 to support electric auto financing.
Financing Options
In 2017, Tech CU sad it also began offering solar loans for its commercial, nonprofit, and government members. Its commercial solar financing program currently offers a range of financing options that include:
* Leases: For commercial entities unable to use solar tax benefits.
* Loans: For commercial entities that can use solar tax benefits, and for non-profits ineligible for tax benefits.
* Tax-exempt leases: Designed specifically for government entities.
“At Tech CU, taking care of our environment and embracing green energy alternatives has always been a focus,” said Todd Harris, CEO of Tech CU. “In addition to helping consumers embrace clean energy, we strive to do so as well. From our renewable energy partnerships supporting panels, batteries and auto, to installing solar panels and LED lights at our office, we look forward to enjoying and helping homeowners enjoy the benefits of green energy for years to come.”
The $3-billion Technology Credit Union has approximately 120,000 members.