GMP-VGreen Loans Make Heat Pumps and Heat Pump Water Heaters Even More Affordable
30 May 2018
COLCHESTER, Vt. – Green Mountain Power (GMP) and VSECU are teaming up to offer GMP customers access to VSECU’s VGreen loans, with low-interest fixed rates. The financing option will help more Vermonters transform and switch to hyper-efficient heating and cooling systems that can save energy and reduce a home’s carbon footprint.
“We are always looking for innovative ways to help our customers, and this loan option can empower Vermonters to transform the way they use energy and cut carbon,” said Mary Powell, President and CEO of Green Mountain Power. “We’re thrilled to partner with VSECU, an environmentally conscious company dedicated to helping Vermonters make smart energy investments in their homes.”
Heat pumps are a great way heat your home in winter, but many people don’t realize how well they cool during the summer – using less than half the energy of a regular window unit air conditioner, generating savings for customers.
Joining GMP’s heat pump and heat pump water heater programs benefits all customers because during times of peak power demand, GMP can reduce the amount of power flowing to your heat pump without impacting your comfort. That cuts costs for all customers.
By signing up, customers get a personalized home energy consultation from GMP experts to help inform them of heat pump and heat pump water heater options that will work best for them. Customers can then apply for a VSECU VGreen loan through an easy online application. The approval process can take as little as 15 minutes.
“VGreen loans are an affordable, easy, and accessible way for VSECU to help GMP customers make green energy choices in their homes and businesses,” said Laurie Fielder, VSECU VGreen Program Director. “Our low-interest Energy Improvement Loan can help finance heat pumps, heat pump water heaters, and many other energy efficient improvements that help Vermonters save money and energy at the same time.”
For more information and to sign up:
GMP’s heat pump water heater program
About Green Mountain Power
Green Mountain Power (GMP) serves approximately 265,000 residential and business customers in Vermont and is partnering with Vermonters to improve lives and transform communities. GMP is focused on a new way of doing business to meet the needs of customers with integrated energy services that help people use less energy and save money, while continuing to generate clean, cost-effective and reliable power in Vermont. GMP is the first utility in the world to get a B Corp certification, meeting rigorous social, environmental, accountability and transparency standards and committing to use business as a force for good. In 2014, Vote Solar named GMP a Solar Champion. More information at: www.greenmountainpower.com. Connect with GMP on Facebook and follow us on Twitter @GreenMtnPower.
VSECU is a member-owned cooperative and not for profit credit union for everybody who lives or works in Vermont, offering a full range of affordable financial products and services to its member-owners. VSECU is committed to improving the lives of Vermonters by empowering the possibilities for greater social, environmental, and financial prosperity. For more information about VSECU, call 802/800 371-5162 or visit www.vsecu.com.
Kristin Kelly, Green Mountain Power