Financing
Fill out the form below to request more information on our financing options. There’s never been a better time to improve your home’s energy efficiency!
MN Energy Fix-Up Loan
Borrower’s Gross Household Income Limit: No income limit.
Loan Amount: $2,000 – $15,000
Interest Rate: 4.99% Fixed
Term: Loan repayment terms vary from 1 to 20 years, depending on the amount financed
Minimum Credit Score: 680 (620 for secured)
Debt to Income: 48%
Costs: $65 flat for unsecured.
Secured: 1% origination fee, recording fee, $15 credit report fee and $25 title fee.
Energy Efficiency Requirements: See list below.
Finance one or more of these improvements:
Insulation
-Wall cavities must be filled with insulation
-Attic final R-Value >= R44
-Attic air sealing is a prerequisite for insulation. It is recommended that blower door testing is conducted both prior to and after installation to measure air sealing effectiveness.
Heating Systems
-Natural gas or propane furnace: AFUE >= 95
-Oil furnace: AFUE >= 90
-Natural gas, propane, or oil hot water boiler: AFUE >= 90
Central Air Conditioning Replacement
-Package systems: SEER >= 14, EER >= 12
-Split systems: SEER >= 15, EER >= 13
Water Heater Replacement
-Gas storage units >= 0.67 Energy Factor (EF)
-Gas tankless units >= 0.82 EF with 2.5 gpm @ 77 degree Fahrenheit rise
Light Fixtures
-Must be ENERGY STAR qualified
Replacement Windows
-Must be ENERGY STAR qualified
Projects that are in progress, were completed within 120 days of the loan closing, and/or materials were purchased within 120 days prior to the loan closing can be included.
