Investment Tax Credit Loan
Designed to finance projects that qualify for tax credits.
Benefit from your tax credit in more ways than one
The Investment Tax Credit (ITC) Loan is a great option if you’re looking to finance a qualifying project or purchase, such as solar, geothermal, home battery storage, or advanced wood heating.
Benefits
Pay less for 24 months
We set terms so that you get 24 months of lower payments before applying your tax credit to the loan.
Maximize your tax credit
Apply your tax credit to your principal balance in one lump sum to keep your payments low.
No down payment
We’ll finance as much as 100% of qualified project costs, up to the maximum loan amount.
Is your project eligible?
Before committing to a project that may be eligible for the 30% Federal Investment Tax Credit, please consult with your tax advisor to determine your tax credit eligibility. The Federal Investment Tax Credit is not a guaranteed refund. You must qualify for this credit based on your annual tax liability. EastRise does not provide tax advice.
Current rates
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Term3 |
APR as low as |
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| Rates effective 10/12/2024 | |
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APR = annual percentage rate and reflects the current minimum APR offered. Other rates and terms may be available. APR may be adjusted based on your individual credit standing and term. |
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Term3 84 months |
APR as low as 7.75% |
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Term3 180 months |
APR as low as 8.50% |
Apply today
If you are already a member, you can pre-fill your application information by logging into online or mobile banking. Have more questions? Call 800.400.8790 to get in touch with a specialist.
Disclosures
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Payment amount subject to change after the initial 24 months based on tax credits or other credits applied to principal or re-amortization of the outstanding balance. Payment example: a $20,000 loan at 8.50% APR would result in 24 initial monthly payments of $149.37. If 30% of the loan amount is applied to the principal during the first 24 months, the monthly payment would remain approximately the same for the remaining term of the loan. If the principal is not paid down with a tax credit or other payment, the outstanding loan balance at the end of the 24-month period will re-amortize to $210.99 per month for the remaining 156 months.
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