Home Energy Efficiency Loan Program
The Energize Delaware program would like to remind Trade Allies of the Home Energy-Efficiency Loan Program, this resource is available to qualifying Delaware homeowners looking to finance energy-saving home improvements.
Low Interest Loans (up to $30,000, at 5.99% APR for terms of up to 10 years for energy saving improvements) are an available resource that can be offered to clients: please download the Home Energy Efficiency Loan Program Brochure and provide to potential clients. It is highly recommended that for Energize Delaware projects where participants applying for rebates to have upgrades installed and are seeking financing options, be presented with the loan options available through Energize Delaware in prioritization over other external loan options. Further, there is an incentive opportunity for contractors that recommend loans to customers that complete the loan process. Currently that incentive is $200.00.
The link to the loan program website – to apply and check/verify current terms and conditions for the loans – can be found here: http://greengrantdelaware.com/home-energy-efficiency/
A Sample Narrative for Loan Financing that contractors can use is as follows: There are a number of options for financing your energy efficiency project. The Program offers qualifying homeowners low-interest loans, up to $30,000, at 5.99% APR for terms of up to 10 years for energy saving improvements. If it’s convenient for you, I am happy to leave you this Loan Brochure that has additional details.
Before a loan can be approved for a contractor to receive payment, the contractor must be a participant of the Loan Program. This can be done by applying online, http://greengrantdelaware.com/contractor-reg/. The contractor will provide basic company and banking information. There is a one-time $100 fee, and this is the only fee associated with the program. After the registration is sent, the contractor will be asked to provide a copy of their Delaware State Business License to customerservice@greengrantdelaware.com. The contractor will be notified within a couple business days if they are added to the list of participating contractors.
