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Green Property Loan
Green Property Loan
Lender:
River City Bank
Contact Information
Website:
https://www.mcecleanenergy.org/financing/
Phone: (888) 632-3674
Email: energysavings@mcecleanenergy.org
Phone: (888) 632-3674
Email: energysavings@mcecleanenergy.org
Property Types
Program Description
With the GSFA Residential Energy Retrofit Program (Advanced Path), eligible homeowners can finance up to $50,000 in energy efficiency and renewable energy measures with a 6.5% fixed interest rate over 15 years. Prior to financing, an energy evaluation must be performed, and all projects must include the replacement of at least one piece of equipment.
Types of Financing
Financing & Payment Information
Term (years):
1
Minimum Amount:
$0
Maximum Amount:
$50,000
Fees:
None
Money Down Required:
No
Repayment Method:
Off-bill loan (Direct to Lender)
Payment Frequency:
Monthly
Pre-Payment Penalty:
No
Allowable Projects
Funds Energy Efficiency projects
Funds Renewable Energy projects
Other Program Requirements
Contractors
Must be program-approved
Financing Approval Time
Within 24 hours - Preliminary
Equity in Property Needed
No
Financial Products
Lien type | Loan with UCC-1 lien |
Re-Payment Method | Off-bill loan (Direct to Lender) |
Automatic payment option available | Yes |
Requires utility incentive program participation | No |
Must use Program's pre-approved contractors | Yes |
One-time fees (% of total financing) | |
One-time fees (fixed) | |
Ongoing fees | |
Financing Amount | $0 - $50,000 |
Financing Term (yrs.) | 1 year(s) |
Rate | 0% |
Money Down Required? | No |
Credit Enhancement Available | |
Transferrable | No |
Prepayment Penalty or Fee | No |
Tax Deductibility | No |
Minimum Credit Score Required | |
Equity in Property Required | No |
Debt to Income Ratio Required | Yes |
Involuntary Property Liens Allowed | No |
Foreclosures Allowed | |
Bankruptcies Allowed | |
Mortgage Lender Consent/ Acknowledgement | No |
Must be current on property taxes | Yes |
Must be current on mortgage | Yes |
Loan to value | |
Debt Service Coverage Ratio | No |
Financing Approval Time | Within 24 hours - Preliminary |
Projected Energy Savings/Cash Flow is considered | No |
Must be current on utility bill | No |
Upgrades Covered
No Results
FAQ's
Through our Contractor Marketplace, you can search for contractors and find the right fit for your project. You find out details about the contractor such as what types of certifications they have and where they are located. You can also directly find reviews when available. From there it is easy to connect and get started with your projects. A quality installation of equipment increases the benefits and efficiency of your new equipment.