VSECU Financing for Grassroots Solar Customers

This loan is for purchases eligible for the 30% Federal Investment Tax Credit. Within the first 15 months, you may apply your tax credit to the principal of your VGreen ITC Loan, or you may use the credit to pay down higher-interest debt and let your ITC Loan payments re-amortize to a higher monthly payment at the same fixed rate.

TERM: 84 months (7 years)
APR AS LOW AS: 5.35%
MAXIMUM LOAN AMOUNT: $60,000

TERM: 144 months (12 years)
APR AS LOW AS: 5.35%
MAXIMUM LOAN AMOUNT: $60,000

You can apply your tax credits and other incentives to the loan to reduce your loan principal. This special feature further reduces your costs and maximizes your energy savings.

^{APR = annual percentage rate. APR is effective as of 6/1/2023 and reflects the current minimum APR offered. Payment amount subject to change after the initial 15 months based on tax credits or other credits applied to principal or re-amortization of the outstanding balance. As an example, a $20,000 loan at 5.35% APR would result in 15 initial monthly payments of $139.91. If 30% of the loan amount is applied to the principal during the first 15 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 15-month period will re-amortize to $196.68 per month for the remaining 129 months. Other rates and terms may be available. The APR may be adjusted based on individual credit standing and term. Minimum loan amount is $5,000. Example payments are for estimation purposes only. Actual loan payment amount will be disclosed at loan closing and may differ slightly. Rates and APRs listed are only available to qualified customers with a minimum credit score of 680. Other rates and terms available based on individual credit standing and term.}

^{VSECU is charging your vendor a program fee to participate in the VSECU discounted rate solar loan program. Your vendor may pass this fee through to you as part of your total financed project cost.  If you have questions about these fees or your total project costs as financed through the program, please ask your vendor to provide a detailed breakdown. Standard VSECU loan rates and terms are also available.}

The Energy Improvement Loan offers consistent monthly payments and a discounted rate. This option is perfect for those who want to keep their monthly payments stable. 

TERM: 84 months (7 years)
APR AS LOW AS: 5.35%
MAXIMUM LOAN AMOUNT: $40,000

TERM: 144 months (12 years)
APR AS LOW AS: 5.35%
MAXIMUM LOAN AMOUNT: $40,000

You can apply your tax credits and other incentives to the loan to reduce your loan principal. This special feature further reduces your costs and maximizes your energy savings.

^{APR = annual percentage rate. APR is effective as of 6/1/2023 and reflects the current minimum APR offered. The following example is for estimation purposes only: a $20,000 loan at 5.35% APR would result in 144 monthly payments of $188.51. Actual loan payment amount will be disclosed at loan closing and may differ slightly. Rates and APRs listed are only available to qualified customers with a minimum credit score of 680. Other rates and terms available based on individual credit standing and term. Other terms are available.}

^{VSECU is charging your vendor a program fee to participate in the VSECU discounted rate solar loan program. Your vendor may pass this fee through to you as part of your total financed project cost.  If you have questions about these fees or your total project costs as financed through the program, please ask your vendor to provide a detailed breakdown. Standard VSECU loan rates and terms are also available.}

Designed to finance larger solar purchases, the unsecured 20-Year Energy Improvement Loan has discounted fixed rates and an extended term. You’ll benefit from an investment that can help you save money over the long run and provides consistent monthly loan payments.

TERM: 240 months
APR AS LOW AS: 7.35%
MAXIMUM LOAN AMOUNT: $60,000

You can apply your tax credits and other incentives to the loan to reduce your loan principal and re-amortize to reduce your monthly payments.

^{APR = annual percentage rate. APR is effective as of 6/1/2023 and reflects the current minimum APR offered. The APR may be adjusted based on individual credit standing and term. Minimum loan amount is $10,000. The following example is for estimation purposes only: a $20,000 loan at 7.35% APR would result in 240 monthly payments of $159.29. Actual loan payment amount will be disclosed at loan closing and may differ slightly. Rates and APRs listed are only available to qualified customers with a minimum credit score of 680. Other rates and terms available based on individual credit standing and term.}

^{VSECU is charging your vendor a program fee to participate in the VSECU discounted rate solar loan program. Your vendor may pass this fee through to you as part of your total financed project cost.  If you have questions about these fees or your total project costs as financed through the program, please ask your vendor to provide a detailed breakdown. Standard VSECU loan rates and terms are also available.}