New! Solar Panel Loans

You no longer need to pay all in cash or lease equipment in order to have energy-efficient solar panels on your home. Now, with Meridian Trust’s new Solar Panel Loans, you can harness the free energy being provided by the sun, without paying for the entire cost of a solar energy system upfront.

Meridian Trust offers you low fixed rated loan terms from 10 to 15 years. You can borrow up to as much as $500,000. And a real nice feature: there are no closing costs and no payments need to be made on your solar loan until a full month after installation of your system has been completed.

We offer both an unsecured loan option as well as a HELOC option. See below for more details.

And, if you’re looking for a company to install your solar panel system, Meridian Trust has partnered with The Electric & Solar Specialist. To learn more about this new loan product, contact us.

The Electric & Solar Specialist Logo

Alert from Black Hills Energy


Term Options 10 Year Fixed Rate 12 Year Fixed Rate 15 Year Fixed Rate
Rates APR* 5.00% 5.50% 6.00%
Term  120 Months 144 Months 180 Months
Estimated Payment $318.20 $285.05 $253.16


Rate (700+ Credit Score) W.S. Prime + 0%
Rates APR* 3.50% to 18.00%
Adjust/Reprice Monthly
Draw 60 Months
Repayment 120 Months
Initial Draw $0
Annual Fee $0
Limit Lesser of 85% CLTV or $500,000

1To qualify for an Unsecured Solar Panel Loan, must be eligible for membership at Meridian Trust FCU, and have a credit score of 720 or higher. 90% Loan to Cost Limit with a maximum loan amount of $30,000. Estimated Payment based on loan amount of $30,000. 

2To qualify for a Solar Panel HELOC, must be eligible for membership at Meridian Trust FCU, and have a credit score of 700 or higher. 85% Combined Loan to Value Limit or a maximum loan amount of $500,000.

*APR = Annual Percentage Rate. Must be the property owner where the solar panel system is installed. Rates shown effective as of August 28, 2020 and are subject to change without notice. Loans require use of credit union approved licensed and certified contractor and installer. No payments start until installation is completed.