Solar Financing
Together we make a pretty good team when it comes to your financial well-being. Our neighbors at Earth Electric Inc. also have your well-being in mind when it comes to adding solar and storage to your home.
Who is Earth Electric Inc.?
Earth Electric is a solid and local solar contractor founded in 2009. Their focus is on education so that you can choose solar and storage solutions that fit your personal needs and budget. They will be there to answer questions before, during and after installation. They will perform an onsite survey prior to finalizing the agreement to verify the quote, answer any final questions and ensure there are no surprises or hidden costs. It's all about neighborly customer service with Earth Electric and to prove it Earth Electric is offering CommonWealth members a neighborly discount of $250 - $500 on solar and storage for your home.1
Do you have more questions about Earth Electric Inc. and solar for your home?
Ready to get started with a quote?
Need financing? We're here to help.
Open a Home Equity Line of Credit with CommonWealth.
Option #1
A Wealth Home Equity has rates as low as 8.50% APR*2 with features that include:
- Borrowing up to 80% of your property equity
- Loans ranging from $10,000 to $500,000
- Draw periods of 10 years
- Repayment periods of 20 years
Option #2
The Premium Home Equity Line of Credit has rates as low as 8.50% APR*3 with an offer that includes:
- No closing cost
- 10 year draw periods, 20 year repayment periods
- Loans ranging from $10,000 to $100,000
- Up to 80% of CLTV
- No third party fees2
What other financing options does CommonWealth offer?
Check out our Fixed Home Equity Loan options.
Do I have to be a member of the credit union to take advantage of the offers?
Yes, membership with CommonWealth is required and membership is open to almost anyone. To join now or learn more click here.
Do I have to be a member before I apply for a HELOC?
No, you can apply before becoming a member. Once you accept the HELOC, you will need to join the membership.
How Can You Apply
We’ve Made Applying For a Home Equity Line of Credit Easier Than Ever
1Earth Electric Inc. discount offer is for members only. Members will receive a discount of $500 off a standard solar system over 5 kilowatts or $250 for a system under 5 kilowatts. This offer is subject to cancellation at any time and without notice. For more details about this offer contact Earth Electric Inc.
*APR = Annual Percentage Rate. The rate you receive will be based on certain creditworthiness. Please ask us for the rate for which you qualify. All rates are subject to approximate loan term limits and certain restrictions may apply. Rates, terms, and conditions are subject to change without notice. There are minimum loan amounts required for some loan terms. Contact us for minimum loan amounts by term, maximum loan amounts, and loan-to-value requirements. Additional conditions apply. Call (800) 564-1588 for additional information.
2The Wealth Home Equity Line of Credit APR can vary and is based on Prime Rate plus a margin of 0.00% to 5.00% based on credit rating. The APR is subject to change on the 10th of each month, based on changes to Prime Rate, the highest Prime Rate published in the Wall Street Journal "Money Rates" table on the 20th of the prior month. Minimum APR 4.00%, maximum APR 18%. During the draw period, you may withdraw (advance) funds up to your credit line limit and pay interest accrued on that balance monthly. After the draw period, you may not withdraw any more funds from the line. Your loan is then amortized and you begin to pay the principal and interest monthly. Wealth Home Equity Line of Credit up to 80% CLTV with loan amounts of $10,000 to $500,000. There are no loan processing or early closure fees and no prepayment penalty. Borrower is responsible for closing costs ranging from $450 to $1,500 including appraisal and escrow. Offer not applicable on refinance of existing CommonWealth HELOCs. All third-party fees associated to the loan at origination that were not collected at time of origination will have to be reimbursed to the credit union if the line of credit is closed within 24 months of the opening date.
3The Premium Home Equity Line of Credit APR can vary and is based on Prime Rate plus a margin of 0.00% to 5.00% based on credit rating. The APR is subject to change on the 10th of each month, based on changes to Prime Rate, the highest Prime Rate published in the Wall Street Journal "Money Rates" table on the 20th of the prior month. Minimum APR 4.00%, maximum APR 18%. During the draw period, you may withdraw (advance) funds up to your credit line limit and pay interest accrued on that balance monthly. After the draw period, you may not withdraw any more funds from the line. Your loan is then amortized and you begin to pay the principal and interest monthly. Premium Home Equity Line of Credit up to 80% CLTV with loan amounts of $10,000 to $100,000 and no closing costs. There are no loan processing or early closure fees and no prepayment penalty. Offer not applicable on refinance of existing CommonWealth HELOCs. All third-party fees associated to the loan at origination that were not collected at time of origination, will have to be reimbursed to the credit union if the line of credit is closed within 24 months of the opening date.
Real Estate loans are available for owner-occupied properties in the state of California only. Membership in CommonWealth is required. HELOC offer is available for existing CommonWealth members and new members residing in the following counties in California: Santa Clara, San Benito, Alameda, Santa Cruz, Monterey, San Mateo, and San Francisco.
Real Estate loans are available for owner-occupied properties in the state of California only. Membership in CommonWealth is required. HELOC offer is available for existing CommonWealth members and new members residing in the following counties in California: Santa Clara, San Benito, Alameda, Santa Cruz, Monterey, San Mateo, and San Francisco.
