SMUD: Residential Energy Efficiency Loan Program
Loans for solar panels, solar heaters, insulated siding, windows, heat pumps and central air conditioners at a 8.75% rate; loans for insulation, duct testing, duct sealing and other envelope improvements at a 10.75% rate.
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Sacramento Municipal Utility District offers financing to help residential customers finance energy efficient home improvements. As an applicant for a SMUD Equipment Efficiency Loan, you must be the vested owner of the property where the product(s) are to be installed. Presently, SMUD offers financing at an interest rate of 8.75% for secured loans or 10.75% for unsecured loans. Secured loans cover improvements related to HVAC, cool roofing, insulated siding, windows and renewable energy projects. Unsecured loans include building insulation, duct testing, duct sealing and other envelope improvements. To ensure these interest rates, call 1-916-732-5472.
A loan application fee of $200 will be charged for all loan amounts. SMUD will return this fee if they decline the application. SMUD will prepare loan documents for signature immediately upon approval of the financing. Upon SMUD's approval, the loan commitment is valid for 60 days. Within this 60-day period, the product(s) must be installed and SMUD notified of the installation's completion. To participate, installation must be performed by a SMUD approved participating contractor. Contractors in most cases must provide a two year warranty. Loans are not made to tenants renting or leasing the property. More information, including program conditions, installation information, and contact information can be found here.