Home Energy Loans
MCCU offers Home Energy Loans with preferred interest rates for participants in The Southern California Regional Energy Network (SoCal REN) and The Residential Energy Efficiency Loan Assistance Program (REEL).
The Southern California Regional Energy Network (SoCal REN)
offers property owners rebates and incentives on eligible residential energy efficiency projects and makes rebate recipients eligible for preferred interest rates for qualifying energy efficiency and solar projects. To learn more about program details and available incentives, visit the SoCal REN website.
The Residential Energy Efficiency Loan Assistance Program (REEL)
is offered through Matadors Community Credit Union (MCCU), a CHEEF Participating Financial Institution. MCCU's REEL Loan offers financing with preferred interest rates to pay for eligible energy efficiency projects for qualified single-family residential customers who receive their utilities from either Pacific Gas & Electric (PG&E), Southern California Edison (SCE), Southern California Gas (SoCal Gas), and San Diego Gas & Electric (SDG&E). Up to 30% of the loan can be used to pay for other home improvements, water-saving projects, and remodeling.
- Rates as low as 4.99% APR*
- Loan amounts from $2,500-$50,000
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* APR = annual percentage rate. Payment per $1,000: 5 years, 4.99% = $18.87. Rates are subject to change at any time. Quoted rates include automatic payment discount of .50%.Membership required. Equal opportunity lender. Lender may require a UCC lien be placed against the subject property.