Save Money, and Help Our Planet
What Is a Green Energy Loan?
Do you want to pay less for energy and water?
Does the air temperature in your home change from room to room?
Does your home feel drafty in the winter?
If you can answer Yes to one or more of these questions, your home is wasting energy and money, and contributing to global warming.
Now you can decrease your energy and water bills, increase the value of your home, be more comfortable year round - and fight global warming - with a Green Energy Loan.
Cash In on Your Energy Waste
Every home, both old and new, is prone to wasting energy. The most common ways a home wastes energy are through air leaks in the floor, roof, and walls; leaks in the heating duct system; poor insulation; and outdated, inefficient appliances and lighting.
With a Green Energy Loan (GEL), you apply for a home equity loan, have your home audited for energy problems, and receive a comprehensive report with a prioritized list of cost-effective energy-efficiency improvements for your home, upgrades for your indoor/outdoor water use, and an assessment of your home's potential for solar hot water and solar photo voltaic energy generation.
Use Energy Savings to Pay Loan
The GEL report also includes an estimate of how much money you may expect to save each month in reduced energy costs when you follow the report recommendations. You and your lender may use the estimate of monthly energy savings to create a loan package in which the money saved each month from lower energy and water bills covers the loan payment. (Please note that individual results will vary. Participating GEL lenders will not require that you use the loan proceeds as recommended. GEL cannot guarantee that your energy savings will offset your loan payments, even if you follow the recommendations for use of the loan proceeds. Only you can determine if taking a Green Energy Loan is in your best interest.)
More than Saving Money
A More Comfortable Home
An energy efficient home not only costs less to run, but is also more comfortable, which means less fiddling with the thermostat and even heating/cooling in each room of the home.
Increased Property Value
Just as a kitchen or bathroom renovation does, improving your home's energy efficiency adds thousands of dollars to its resale value.
Reduced Carbon Footprint
Most of the energy used to operate your home creates greenhouse gas emissions that contribute to global warming. Improving your home's energy efficiency reduces your personal carbon footprint.
Contact our Lending Partners today for more information.
