It’s possible you’ll really feel intimidated by the method of making use of for an power mortgage, but it surely’s surprisingly simple. And at Elevations, we’re right here to help you each step of the way in which. Residence power loans can be utilized for initiatives huge or small; the minimal quantity Elevations will finance for a house power mortgage is $500. These 4 steps will make it easier to go inexperienced with photo voltaic panels or new energy-efficient home windows and far more.
Outline the challenge
To get began, you’ll need to determine your native power mortgage program and search challenge approval. Our collaborating power mortgage companions are Boulder County’s Power Sensible Program, HELP Loans for Metropolis of Fort Collins Utilities Prospects and Colorado Clear Power Fund loans by means of the Colorado Clear Power Fund. Your power advisor will make it easier to determine obtainable rebates and monetary incentives, plus join you with a collaborating contractor. Be taught extra about which initiatives qualify for a house power mortgage on our weblog.
One factor to remember is that each one contractors have to be on the approved contractors checklist for the mortgage to be accepted. This checklist updates usually, socheck it earlier than beginning a challenge.
Submit your software
You possibly can then full our power mortgage software. As soon as your software is submitted it is best to obtain a affirmation e-mail inside a couple of enterprise days. When you’ve uploaded your revenue paperwork (see subsequent part), it would usually take about 1-3 weeks for the Colorado Clear Power Fund (CCEF) to assessment your contractor’s proposal and reply with an official approval or subsequent steps. If CCEF approves your challenge, then we attain out to let you understand your challenge can proceed. If in case you have any questions all through the method, be at liberty to name us at 800.429.7626.
Collect your supporting data
As soon as your software is pending approval, we are going to attain out
for the next data:
- Verification of Revenue
- W2 Worker –
most up-to-date paystub - Self-Employed
– most up-to-date yr’s tax return - Retired/Different
– most up-to-date month-to-month revenue assertion
- W2 Worker –
- Venture approval by means of your collaborating power mortgage program
We are going to ship you an e-mail with a hyperlink to securely add these paperwork. The e-mail may also embrace the preliminary phrases of your power mortgage, together with fee, time period, cost, and charges. As soon as the appliance is accepted, it’s good for 180 days. After that point, candidates would wish to re-submit revenue paperwork, have one other credit score verify and could be topic to any fee adjustments.
Get began in your challenge
As soon as your mortgage is accepted by Elevations and the collaborating power mortgage program, we’ll contact you with the subsequent steps.
Sometimes, you’ll schedule and full the challenge together with your approved contractor and e-mail the ultimate bill to Elevations when the challenge is accomplished. Additionally, you will must assessment and signal mortgage closing paperwork; these paperwork shall be emailed to you securely, and you might decide to schedule a closing at considered one of our branches.
As soon as your challenge has been accepted, you have to to determine your membership account at Elevations earlier than closing in case you are not at the moment an Elevations member. After membership, approval, and mortgage closing, Elevations will use your mortgage proceeds to pay your contractor straight. Study changing into an Elevations member right here.
Please observe that your software is nice for 180 days. To proceed with a challenge after that point, we would wish to re-pull your credit score and recollect revenue paperwork. At the moment, you’ll then be topic to present charges, if they’ve modified.
If in case you have any questions, please give us a name at 800.429.7626. We sit up for serving to you get monetary savings and look after this stunning place we name residence with an Elevations Power Mortgage.
Different Posts You Could Like
A house power audit is an intensive examination of how your own home is utilizing power and the place power is being wasted, plus suggestions for Learn extra
