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Investment Tax Credit Loan

Designed to finance projects that qualify for tax credits.

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Benefit from your tax credit in more ways than one

The VGreen Investment Tax Credit (ITC) Loan is a great option if you’re looking to finance a qualifying project or purchase, such as solar, geothermal, home battery storage, or advanced wood heating.

Benefits

  • Dollar Down Arrow

    Pay less for 24 months

    You will enjoy 24 months of lower payments, after which your payment will increase unless you apply your tax credit to the loan.

  • Hand With Dollar

    Maximize your tax credit

    Apply your tax credit to your principal balance and re-amortize to keep your payments low.

  • No Fee

    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?

Before committing to a project that may be eligible for the 30% Federal Investment Tax Credit, please consult with your tax advisor to determine your tax credit eligibility. The Federal Investment Tax Credit is not a guaranteed refund. You must qualify for this credit based on your annual tax liability. VSECU does not provide tax advice.

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Current rates

Investment Tax Credit (ITC) Loan 1,2

Term

APR as low as

APR = annual percentage rate, effective as of 1/2/2024 and reflects the current minimum APR offered.

Term

84 months

APR as low as

7.75%

Term

180 months

APR as low as

8.50%

Apply for an Investment Tax Credit Loan

If you are already a member and want to apply for an Investment Tax Credit Loan, it’s easier to apply once you’ve logged into online or mobile banking. That way we can save you time by pre-filling the application with your information. Call 1-802-371-5146 to speak with a specialist.

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Disclosures

1
– Other rates and terms may be available. APR = annual percentage rate and may be adjusted based on your individual credit standing and term.
2
– 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. Payment example: a $20,000 loan at 8.50% APR would result in 24 initial monthly payments of $138.44. 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 $202.16 per month for the remaining 156 months.