Financing Energy Improvements
Federal Tax Credits for Energy Efficiency
Get up to $1500 in federal tax credits (at a rate of 30 percent of the improvement costs) for making your home more energy efficient.What qualifies:
- Insulation that meets or exceeds the 2009 International Energy Conservation Code (IECC)
- High-efficiency heating and cooling equipment
- High-efficiency water heaters
- Insulated doors and windows
Federal Tax Credits for Solar Energy Systems
Get a 30 percent federal tax credit with no maximum on solar hot water heating, photovoltaic, and residential small wind systems.Federal Tax Credits for Geothermal Heating Systems
Get a 30 percent federal tax credit with no maximum on geothermal heating and cooling systems.Lower your taxes while creating a more livable, energy-efficient home! Call us today if you have questions on any of these incentives.
Home Energy Checkup offers payment options that meet your needs
Saving you money on your home's energy bills is Home Energy Checkup's highest goal. We offer payment options that make attaining that goal possible for every homeowner. For your convenience, we take checks and credit cards (Visa, MasterCard, Discover, or American Express).
Special financing programs.
You can benefit from financing improved energy-efficiency whether you're buying, selling, refinancing, or remodeling a home. If you're looking to buy an energy-efficient home, you may qualify for a more luxurious home because lower utility costs will offset a larger mortgage payment. You can also obtain financing to make energy-efficient improvements to your existing home or to an older home before moving in. If you put your home on the market, you can use its energy efficiency as an attractive selling point.
Below are details on financing programs we make available to you. (Please note: These independently owned and operated lenders are not affiliated with Home Energy Checkup, LLC. The names are provided as a resource to help you compare different financing options.)
| Financing Methods | Purchase/ Refinance Required | HERS Rating Required | Maximum Amount | Details | Lenders |
| Fannie Mae Energy Loans | No | No | $20,000 | The Energy Loan's 10-year term and interest rates are generally better than those offered by contractors or suppliers. | To find a lender in your area email David Carey |
| Local Utility, City and State Specific Rebate, Loan and Grant Programs | No | Varies | Varies | Incentives vary based on where you live. The DSIRE website provides the most up to date information on energy efficiency and renewable energy incentives. | DSIRE |
| Streamlined (k) Limited Repair Program | Yes | No | $35,000 | This Program is intended to facilitate uncomplicated rehabilitation and/or improvements to a home for which plans, consultants, engineers and/or architects are not required. | Any FHA lender |
| Conventional-Energy Efficient Mortgage | Yes | Yes | 15% of properties appraised value | Conforming limits apply. 100% of the energy improvements recommended by a HERS Rating to be cost effective can be financed | Energy Efficient Mortgage Lenders |
| FHA-Energy Effiicient Mortgage | Yes | Yes | $4,000 or 5% of the appraised value (whichever is greater) up to a maximum of $8,000 | The final Loan to Value (LTV) may exceed 100% appraised value if the rating shows that the energy improvements have a positive cash flow | Energy Efficient Mortgage Lenders |
| VA-Energy Efficient Mortgage | Yes | Yes | Up to $3,000 without HERS Rating. Up to $6,000 provided HERS Rating projects reduction in monthly payment | The final Loan to Value (LTV) may exceed 100% appraised value if the rating shows that the energy improvements have a positive cash flow | Energy Efficient Mortgage Lenders |
