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VSECU Financing for Green Mountain Solar Customers

VSECU is committed to helping members make smart investments in their homes and communities. We’ve teamed up with Green Mountain Solar to offer special discounted rates to maximize your solar investment savings.

BUSINESS OPTIONS: Solar financing options are available for businesses with rates as low as 4.24%. Contact VBiz and mention that you are working with Green Mountain Solar for more information.



BENEFITS:

Discounted, Fixed Rates

Convenient Online Application

Specialized Solar Loan Options

Online & Mobile Repayment

No-cost loan modifications are available. Apply tax credits and other incentives to lower your loan principal. This special feature further reduces your costs and maximizes your energy savings.


UNSECURED LOAN OPTIONS

HOW TO APPLY:

Step 1: WORK WITH A GREEN MOUNTAIN SOLAR ADVISOR

Contact the Green Mountain Solar team to get started.

Step 2: APPLY ONLINE

Click here to submit your application.

VSECU will work with you to help make your financing a smooth and worry-free experience. Contact a VSECU consumer lending consultant at lendingconsumer@vsecu.com or (802) 371-5146 for more information.

VSECU is a Vermont-based credit union open to anyone who lives or works in Vermont, or anyone who is a member of the Northeast Sustainable Energy Association (NESEA).



ITC LOAN

This loan is for purchases eligible for the 26% Federal Investment Tax Credit. After 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 same fixed rate.

VGreen ITC Loan Qualifications Maximum Loan Amount Loan Term APR as low as: Apply Now
Project must qualify for the Residential Renewable Energy Tax Credit $60,000 144 months 3.99% Apply Now

Annual Percentage Rate. APR is effective as of 1/1/2020 and reflects the current minimum APR offered. Payment amount subject to change after 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 3.99% APR would result in 15 initial monthly payments of $130.15. If the entire 26% tax credit is applied to the principal during the first 15 months, the monthly payment would remain at $130.15 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 $181.95 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.



20-YEAR ENERGY IMPROVEMENT LOAN

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 reduces your home’s operating expenses and provides consistent monthly loan payments.

Enter the amount you wish to borrow:

Term Maximum Loan Amount APR as low as Estimated
Monthly Payment
Apply Now
240 Months $60,000 5.49% Apply Now

APR = Annual Percentage Rage. APR is effective as of 9/1/2018 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. Payment example is based on a $20,000 loan. Actual loan payment amount will be disclosed at loan closing based on loan amount requested.



Vgreen vendor page apply cta


APPLY: You can apply for most of our loan products online. Our online loan application offers quick results, sometimes letting qualified applicants know of approval instantly. This loan comes with options and levels of discounts and terms. Contact a VSECU consumer lending consultant at lendingconsumer@vsecu.com or (802) 371-5146 with any questions.

QUICK TIP: If you are already a member and want to apply for a product online, it’s easier to apply once you’ve logged into our Online Banking system. That way we can save you time by pre-filling the application with the general information we already have on file for you.




HOME EQUITY LOAN OPTIONS

HOW TO APPLY:

Step 1: WORK WITH A GREEN MOUNTAIN SOLAR ADVISOR

Click here to contact a solar advisor.

Step 2: APPLY ONLINE

Click here to submit your application.

VSECU will work with you to help make your financing a smooth and worry-free experience. Contact a lender at vsecuhomeloans@vsecu.com for more information.

VSECU is a Vermont-based credit union open to anyone who lives or works in Vermont, or anyone who is a member of the Northeast Sustainable Energy Association (NESEA).



ENERGY EQUITY LOAN

Do you have equity in your home? If your home is located in Vermont, you can use your home’s equity to get a discounted loan rate on energy upgrades and potentially reduce your monthly utility bills while you’re at it. Interest on this loan may be tax deductible. Take advantage of this option by applying today.


DETERMINING ELIGIBLE AMOUNT TO BORROW

To determine how much you can borrow, you first need to know the total equity in your Vermont or New Hampshire home*. The first step is to determine the value of your home. You can use either the professional appraised value of your home or the tax assessed value of your home. The equity in your home is the difference between the value of your home less all other outstanding balances on your existing mortgage. This is the amount that is available to borrow from, up to a certain limit, either 90% or 75% of the amount, depending on which valuation approach you use.

The total maximum amount that can be borrowed is $250,000 when using the appraised value, or when using the tax assessed value and borrowing 50% or less of the value of the home. The total maximum amount that can be borrowed when using the tax assessed value and borrowing up to 75% of the value of the home is $150,000. Minimum loan amount is $5,000.

*Only Vermont properties are eligible for certain partnership programs.


Enter the amount you wish to borrow:

Rate
as low as*
APR
as low as*
Maximum Loan-to-Value Term (months) Estimated
Monthly Payment
Apply Now
1.99% 1.99% Less than or equal to 90% 180 Apply Now

APR = Annual Percentage Rate. APR is effective as of 02/08/2020. Rates and APRs listed are only available to qualified Green Mountain Solar customers with a minimum credit score of 680. Other rates and terms available based on individual credit standing and term. Payment information does not include amounts for taxes and insurance premiums – if applicable, actual payment obligation will be greater. Estimated monthly payments are based on a $20,000 loan. Calculated payments shown are for estimation purposes only. Actual loan payment amount will be disclosed at loan closing and may differ slightly.





Apply for an Energy Equity Loan
You can apply online for your mortgage or home equity loan right here online and in most cases qualified applicants can receive instant pre-approval. In our Mortgage Center you’ll be able to read about our mortgage originators, access additional resources and view all our featured rates.





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