Loans for Energy Efficiency Upgrades
Geosmart Loan (Loan option #1)
California has been hit hard by the mortgage and credit crisis, and energy prices are reaching record highs, making it difficult for homeowners to invest in energy efficiency upgrades. However, qualifying for a loan for energy efficiency upgrades is easy. EGIA (Electric & Gas Industries Association, a non-profit organization dedicated to advancing energy efficiency and renewable energy solutions) has responded with the Geosmart Loan program. In cooperation with California’s top home performance, HVAC, windows, insulation, and solar contractors, EGIA offers low interest, unsecured financing and extended terms covering basically all energy efficient home improvement projects.
Benefits
– Loans up to $25,000
– No interest if full amount is paid off in 12 months or less
– APR under 10%
– Extended terms to keep payments low
– No appraisal fees, no equity required, no closing costs
What is Covered
– Energy efficient heating, air conditioning, and water heater
– Insulation
– Whole-house performance upgrades such as air sealing and duct work
– Other upgrades to energy efficiency
How to Qualify
Eco Performance Builders is an EGIA approved contractor. Contact us at (925) 363-4498 or info@epbuilders.com
To apply directly, visit
https://www.gogecapital.com/en/consumer-credit-financing/merchants/homeimprovement/egia/apply.html
Power Saver Loan (Loan option #2)
The Power Saver Loan program, backed by the FHA (Federal Housing Administration), is also available through EGIA approved contractors. This program is also intended to finance energy efficient home improvements, but offers long terms and fixed rates
Benefits
– Loans up to $25,000
– Fixed rate amortization term of 15 or 20 years
– APR under 10%
What is Covered
– Energy efficient heating, air conditioning, and water heater
– Insulation
– Whole-house performance upgrades such as air sealing and duct work
– Other upgrades to energy efficiency
How to Qualify
Eco Performance Builders is an EGIA approved contractor. Contact us at (925) 363-4498 or info@epbuilders.com
For program guidelines and a quick quote, visit http://www.powersaverloan.com/fha-powersaver-program-guidelines.php
CHF Loan (Loan option #3)
If you own a home, or are in the process of purchasing one, CHF Loans offers mortgage loans with some incentives for energy efficiency.
Benefits
– Low down payments and closing costs
– You can include the cost of energy improvements into an FHA Energy-Efficient Mortgage
– Additional benefits for veterans and seniors
How to Qualify
[dropshadowbox align=”none” effect=”lifted-both” width=”640px” height=”” background_color=”#ffffff” border_width=”1″ border_color=”#dddddd” ]Eco Performance Builders is an EGIA approved Home Performance Contractor. Call (925) 363-4498 to ask about energy efficiency loan programs. You can also e-mail: info@epbuilders.com. Or to apply directly, visit http://www.chfloans.com/[/dropshadowbox]
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