Pay less for 15 months
You will enjoy 15 months of lower payments, after which your payment will increase unless you apply your tax credit to the loan.
Maximize your tax credit
Within the initial 15 months, you can keep your payments lower by applying your tax credit to the principal of your loan.
No down payment
We’re all about saving you money, so we’ll finance up to 100% of qualified project costs, up to the maximum loan amount.
Is your project eligible?
This loan is only available for residential properties, and projects qualified for the Federal Investment Tax Credit. VSECU does not provide tax advice. Any taxpayer considering the purchase of a renewable-energy or energy-storage system should consult their accountant or other tax professional before claiming a tax credit.
- – Other rates and terms may be available. APR = annual percentage rate and may be adjusted based on your individual credit standing and term.
- – 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. Payment example: a $20,000 loan at 5.65% APR would result in 15 initial monthly payments of $148.06. If the entire 26% tax credit is applied to the principal during the first 15 months, the monthly payment would remain at $148.06 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 $199.14 per month for the remaining 129 months.