VGreen Vendor ReVision Energy - Hero

VSECU Financing for ReVision Energy Customers

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VSECU is committed to helping members make smart investments in their homes and communities. We’ve teamed up with ReVision Energy to offer VGreen financing to maximize your solar investment savings.

 

 

Personal Loan Options

This loan is for purchases eligible for the 30% Federal Investment Tax Credit. After the first 24 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
APR AS LOW AS: 7.00%
MAXIMUM LOAN AMOUNT: $60,000

TERM: 180 months
APR AS LOW AS: 7.75%
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 1/2/2024 and reflects the current minimum APR offered. 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. As an example, a $20,000 loan at 7.75% APR would result in 24 initial monthly payments of $122.77. 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 $193.48 per month for the remaining 156 months. 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. The APR may be adjusted based on individual credit standing and term.

The Energy Improvement Loan offers consistent monthly payments and a discounted rate. This option is perfect for those looking for stable monthly payments on energy upgrades. 

TERM: 60 months
APR AS LOW AS: 5.75%
MAXIMUM LOAN AMOUNT: $40,000

TERM: 144 months
APR AS LOW AS: 7.00%
MAXIMUM LOAN AMOUNT: $40,000

TERM: 180 months
APR AS LOW AS: 7.75%
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 5/1/2024 and reflects the current minimum APR offered. The following example is for estimation purposes only: a $20,000 loan at 7.00% APR would result in 144 monthly payments of $205.72. Actual loan payment amount will be disclosed at loan closing and may differ slightly. The APR may be adjusted based on individual credit standing and term.

Designed to finance larger solar purchases, the unsecured VGreen 20-Year Energy Improvement Loan has discounted fixed rates and an extended term. You’ll benefit from an investment that reduces your home’s operating expenses and provides consistent monthly loan payments.

TERM: 240 months
APR AS LOW AS: 9.00%
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 1/2/24 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 9.00% APR would result in 240 monthly payments of $180.02. Actual loan payment amount will be disclosed at loan closing and may differ slightly. The APR may be adjusted based on individual credit standing and term.

How to apply

If you need additional assistance, you can contact a VSECU consumer lending consultant at lendingconsumer@vsecu.com or 1-802-371-5146 for more information.

Please consult with your tax advisor to determine your tax credit eligibility. The Federal Investment Tax Credit is not a guaranteed rebate. You must qualify for this credit based on your annual tax liability. VSECU does not provide tax advice.

NESEA—our partner in sustainability

Become eligible for the program by taking advantage of a complimentary Northeast Sustainable Energy Association (NESEA) membership.

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Get started

Applying is an easy two-step process that includes contacting your ReVision Energy advisor and submitting your loan application. Members can apply in Digital Banking for a more streamlined process.

Apply now