Post on 25-Feb-2016
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January 23th, 2014
CEFIA Residential Programs
Agenda▪ Introduction to CEFIA▪ Introduction to Homeowner Financing Options
– Smart-E Loan– Cozy Home Loan– CT Solar Loan– CT Solar Lease
Introductionto Financing Products
Smart-E Loans
Introductionto Smart-E Loans
What are Smart-E Loans?▪ Residential loan product for CT homeowners ▪ Low-interest financing with flexible terms
▪ 5 to 12 year terms, 4.49% to 6.99% rate▪ Unsecured loan
▪ Easy application through local lenders▪ 40+ energy improvements▪ $25k maximum
▪ Quick, easy, flexible – Finance up to 20% related measures (roof repair,
asbestos remediation, etc.)
▪ Local lender, personal service
▪ Loan payments should be less than the energy savings in most cases!
▪ Website: www.energizect.com/smarte
Marketing the Smart-E Loan
▪ Series of 5 great videos!– General Smart-E (http://youtu.be/whte1PSdne0)– Go Solar (http://youtu.be/DZDPMo1Yo8s)– Make the Switch to Natural Gas (http://
youtu.be/uoGTdsanURE)– HVAC (http://youtu.be/PH3hDVj8Zw8)– Comfort (http://youtu.be/JLFX7bg7lt4)
Marketing the Smart-E Loan
Smart-E Marketing Promotion
▪ Limited Time Introductory Offer to Smart-E!
▪ In partnership with CEFIA, lenders are offering customers:
– No Interest on Smart-E Loans for Six Months– Until March 31, 2014
Sign Up to Become Smart-E Eligible▪ Contact Madeline Priest at
madeline.priest@ctcleanenergy.com to schedule a 45 minute webinar on process
▪ Visit the contractor portal here: www.ctcleanenergy.com/Smart-E
Cozy Home Loans
Introductionto Cozy Home Loans
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Cozy Home Loan IntroductionWho is HDF?
▪ Housing Development Fund– Nonprofit organization that finances the development of
affordable housing in southwestern CT since 1989
We’ve enabled over 1,600 people to buy their first home.
We help 8,400 families establish good credit and manage down-payments.
Free counseling for homebuyers and distressed owners
Down payment and closing cost assistance
We’ve financed over 1,000 quality rental units.
Lending to multifamily developers
Cozy Home Loan IntroductionWhat is Cozy Home?▪ Residential loan product for CT homeowners in
Litchfield, Fairfield, and New Haven Counties ▪ Low-interest financing ▪ CT residents with low to moderate incomes ▪ 40+ energy improvements
– 10 year term, 5.99% interest rate– $3,000 up to $25,000 or – Up to $50,000 for multifamily homes (2-4 units)
▪ 25 % of total borrowed can be put towards health and safety issues (asbestos, lead, mold remediation)
Cozy Home Loan IntroductionIncome Limits▪ Litchfield, Fairfield, and New Haven Counties ▪ 80% of Area Median Income (AMI)
▪ Bridgeport▪ Stamford – Norwalk▪ Danbury▪ Waterbury▪ New Haven▪ Litchfield County
▪ Easy application process through AFC First
Cozy Home Loan IntroductionIncome Limits▪ Litchfield, Fairfield, and New Haven Counties ▪ 80% of Area Median Income (AMI)
▪ New Haven
▪ Easy application process through AFC First
CT Solar Loan
Introductionto the CT Solar Loan
CT Solar Loan
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▪ Residential loan product for homeowners specifically designed for solar
▪ Lowest monthly payments on the road to solar ownership
▪ Offers the largest long-term return on investment▪ Comes with extended system and production
warranties at no additional cost▪ FICO scores ≥ 680, Debt to Income (DTI) Ratio ≤
42%* *FICOs ≥ 720 no DTI limit
CT Solar Loan Interest Rate Promotion▪ For CT Solar Loan, Sungage is offering a $600
promotion toward interest payments for all customers who finance systems using this product
▪ Offer good until March 31, 2014
Marketing the CT Solar Loan
Physical collateral
Sungage.net
Solar Wealth™ Calculator
▪ The “Pitch” for CT Solar Loan– Save more through ownership– Low monthly payments for only 15
years and you own the system at the end
– Peace of mind through extended system and production warranties
– Easy on-line credit pre-qualification and contracting
– Multiple flexible alternatives if you move before end of loan
Sign Up to Become CT Solar Loan Eligible▪ Contact Ron French at Sungage to get started
– Ronald.French@Sungage.net
CT Solar Lease
Introductionto the CT Solar Lease
Overview of the CT Solar Lease▪ 20-year lease for CT homeowners
– Credit scores ≥ 640 and DTI ≤ 45%– Escalating payments (2.99% per year) or fixed lease
available for higher monthly price▪ No money down*
* If Total System Cost <= $4.50 per Watt
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Overview of the CT Solar Lease▪ Additional benefit to homeowners
– Bundled insurance and warranty management from Assurant One-call resolution for all issues Property and casualty coverage Multi-Year Warranty Management Program
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Marketing the CT Solar Lease▪ The “Pitch” for CT Solar Lease
– Go Solar for no money down*– Save on your electric bill from day one
And lock in predictable bills for years to come– Peace of mind through the life of your lease
Insurance and warranty coverage bundled in, just one # to call– The affordable way to go solar
Pay a low fixed or escalated monthly payment – you choose
With the CT Solar Lease it’s never been easier to go solar!* No down payment require if Total System Cost is less than or equal to $4.50 per Watt.
Sign Up For CT Solar Lease▪ Contact Bob Groegler at rgroegler@afcfirst.com to get started
▪ Visit the contractor portal here: www.ctcleanenergy.com/PVLease
CEFIA Contacts▪ Robert Schmitt, Associate of Marketing and Outreach, Marketing and Outreach Ph: 860-257-2173 robert.schmitt@ctcleanenergy.com
▪ Madeline Priest, Project Assistant, Residential Programs Ph: 860-257-2891 madeline.priest@ctcleanenergy.com
▪ John D’Agostino, Senior Manager, Residential Programs Ph: 860-257-2333 john.dagostino@ctcleanenergy.com
Questions / Comments