FAQs for Secured and Unsecured Energy Incentive Loans
Q: Does work need to be completed by a licensed contractor?
A: Yes, work needs to be completed by a licensed contractor, and the contractor's information needs to be included in the Supplemental Application.
Q: Does the Supplemental Application need to be completed for both secured and unsecured energy incentive loans?
Q: On a 4.99% energy incentive loan, can non-energy improvements (such a new roof) be financed in addition to energy improvements ?
A: No, only certain energy improvements can be financed with the 4.99% energy incentive loan. A different financing source (such as the secured or unsecured Fix Up loan) would need to be used for the additional improvements.
Q: On the Supplemental Application, it asks if the customer will be applying for rebates. Does the amount of the rebate they are applying for need to be deducted from the loan amount?
A: No. If they will be receiving the rebate in the future, it does not need to be deducted from the loan amount.