VGreen Vendor Southern Vermont Solar - Hero

VSECU Financing for Southern Vermont Solar Customers

Apply now

VSECU is committed to helping members make smart investments in their homes and communities. We’ve teamed up with Southern Vermont Solar 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. Within the first 15 months, you may apply your tax credit to the principal of your 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: 5.65%
MAXIMUM LOAN AMOUNT: $60,000

TERM: 144 months (12 years)
APR AS LOW AS: 5.65%
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 1/1/2020 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 5.65% APR would result in 15 initial monthly payments of $143.58. 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 $199.85 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. Other terms may apply.

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: 6.65%
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 09/01/2018 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 6.65% APR would result in 240 monthly payments of $150.89. Actual loan payment amount will be disclosed at loan closing and may differ slightly.

How to apply

If you need additional assistance, you can contact a VSECU lending consultant at [email protected] or 1-802-371-5146 for more information.

Do you live and work outside of Vermont?

You can become eligible for the program by joining Northeast Sustainable Energy Association (NESEA).

NESEA Logo Image - Long Form Txt
Woman Working on Laptop - Single Path CTA

Get started

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

Apply now