Energy Efficiency Loan Programs

• Market-based lending program
• Program-sponsored subsidized lending wherein a utility, government or manufacturers supply rate-buydowns, loss coverage or subordinate capital to the lender resulting in lower rates to borrowers for targeted qualifying improvements.

• Heating & Cooling
• Electrical, Plumbing, Kitchens & Baths
• Windows, Doors, Siding & Roofing
• Home Performance with ENERGY STAR®
• Air Sealing & Insulation
• Geothermal, Solar & Other Energy Projects

• Loan underwriting based on successful, long-standing underwriting guidelines.
• Loans close in the Credit Union’s name with a fully integrated Memberization processes or can be assigned.
• Used for both market-based and potentially buy-down programs and credit enhancement programs through utilities and governments
• Interested in exploring the development of a similar sub-$150k commercial energy efficiency lending program

• Complete program administration with program partners (utilities, states etc.)
• Contractor recruitment, training and management program
• Program marketing
• Fully compliant origination and all loan servicing and investor reporting

• Expert installations with an approved network of over 1,900 energy efficiency contractors nationally who have been vetted and authorized to perform work under the program.
• Contractors are qualified, trained, and authorized to offer the loan package with affordable monthly payment plans for energy and resilience upgrades.
• These contractors have met standards for commitment to quality work, customer service and financial stability. They leverage our technology, expertise and relationships to broaden their markets in HVAC, Roofing, Remodeling, Lighting, and most energy improvements.
• Ongoing contractor management and training continues throughout the relationship

Energy Efficiency Loan Process

• All loans are made directly to credit-qualified homeowners for energy improvements to their primary residence or second homes
• The contractor is paid in full for the work when it is completed to the customer’s satisfaction and, in utility programs, with approval of the utility.
• Work may only be performed by an Approved and vetted contractor
• Underwriting standards have a twenty-year track record of high performance and based off the original FannieMae energy loan underwriting guidelines