Vermont Solar Financing Options
Vermont solar financing options are limited to system purchases, but owning a solar system in Vermont is made easier with a low-interest 15-year loan available to all VT homeowners through a local credit union we’ve partnered with. The loans can be between $5,000 and $200,000, and combined with Vermont solar rebates and incentives, can cover the entire cost of a home solar system. Financing through the credit union means your investment dollars stay in the state and provide your friends and neighbors with similar opportunities to enjoy the benefits of clean energy.
Benefits of a Solar System Purchase in Vermont
- Electricity rates:
Over 20 years, PV system owners pay less for their power than lessees or PPA customers. That’s because it generally takes much fewer than 20 for a system’s savings to pay itself off. And once that happens, all the power it generates is free!
- System care:
One reason solar energy is so affordable is that PV systems don’t have moving parts to replace or grease. Inverters generally need to be replaced after about 10 years but otherwise, occasionally wiping off your panels is probably all the attention you’ll need to spend on your system – and even that’s not necessary with even occasional rains.
- Vermont solar incentives:
System owners own their systems’ rebates and receive them in the form of checks or income tax credits.
- Environmental benefits:
An investment in solar energy pays off for the homeowner and everyone in their community by reducing pollution from fossil fuel burning and improving the health of the environment.