The good news is that the credit markets are opening up to new financing options. These are easy to apply for, do not need to be tied to the home, and are relatively cheap in comparison to historic borrowing rates.
Part of the EDGE Energy process is to show you the “project’s cash flow” aka how much energy would you save (or generate) compared to how much you’d spend with a new financing payment.
In recent years, we’ve added up to 10 additional short term and long term financing options ranging from EEM (Energy Efficient Mortgages) through FHS to 12-months deferred interest and a host of mid-term options with 3-10 year terms.
Now, all your improvement dreams can come true with EDGE’s numerous financing options.
Typically, deep energy retrofit projects will show POSITIVE cash flow… meaning that the savings is greater than new payments!
The money taken out from these loans or credit lines can be used for health or safety, durability, energy-efficiency improvements (air-sealing, insulation, lighting, windows/doors, etc), or renewable energy systems (solar, geo-thermal, wind, etc) just to name a few. Well-qualified borrowers (FICO > 640) can layer multiple plans to:
Pre-qualify for up to $80,000 towards energy-related home retrofits!
So, keep your savings, use credit to finance your home improvements…
Sometimes, the energy savings from EDGE Energy solutions can subsidize or even outperform your loan payments!
The EDGE Energy financing programs are sponsored by third parties (GE Money, AFC First, reel Financing, DOE, etc) and our staff helps get your applications underwritten and approved for an additional loan processing fee. The entire financing process – from application to funding – is fast (usually 48 hours or less), easy, and designed to turn your plans into reality.
Your project is an investment in your most important asset, your home. Your energy efficient home improvement – whether that is a new HVAC unit, solar energy solution, air-sealing or attic insulation, or replacement windows and siding – will add comfort and value to your home while reducing your energy costs. It all starts by conducting a home energy audit and speaking with our professionals.
Financing Legal Disclaimer
Not all consumers will qualify. EDGE takes applications from customers and submits them to various financing lenders and/or bank underwriting departments and charges a small fee for this service. These credit lines are provided through affiliate lenders, and EDGE does not hold or service any of the debt which results from these options. Billing and payment questions should be directed to your lender.