Chances are you’ll really feel intimidated by the method of making use of for an vitality mortgage, nevertheless it’s surprisingly simple. And at Elevations, we’re right here to help you each step of the best way. House vitality loans can be utilized for tasks huge or small; the minimal quantity Elevations will finance for a house vitality mortgage is $500. These 4 steps will aid you go inexperienced with photo voltaic panels or new energy-efficient home windows and far more.
Outline the mission
To get began, you’ll need to determine your native vitality mortgage program and search mission approval. Our taking part vitality mortgage companions are Boulder County’s Vitality Sensible Program, HELP Loans for Metropolis of Fort Collins Utilities Prospects and Colorado Clear Vitality Fund loans by the Colorado Clear Vitality Fund. Your vitality advisor will aid you determine accessible rebates and monetary incentives, plus join you with a taking part contractor. Study extra about which tasks qualify for a house vitality mortgage on our weblog.
One factor to remember is that each one contractors should be on the licensed contractors listing for the mortgage to be accepted. This listing updates typically, socheck it earlier than beginning a mission.
Submit your software
You may then full our vitality mortgage software. As soon as your software is submitted you must obtain a affirmation e-mail inside a number of enterprise days. When you’ve uploaded your earnings paperwork (see subsequent part), it can usually take about 1-3 weeks for the Colorado Clear Vitality Fund (CCEF) to evaluation your contractor’s proposal and reply with an official approval or subsequent steps. If CCEF approves your mission, then we attain out to let your mission can proceed. When you have any questions all through the method, be happy 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 earnings assertion
- W2 Worker –
- Mission approval by your taking part vitality 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 vitality mortgage, together with price, time period, cost, and charges. As soon as the applying is accepted, it’s good for 180 days. After that point, candidates would want to re-submit earnings paperwork, have one other credit score verify and can be topic to any price modifications.
Get began in your mission
As soon as your mortgage is accepted by Elevations and the taking part vitality mortgage program, we’ll contact you with the following steps.
Usually, you’ll schedule and full the mission together with your licensed contractor and e-mail the ultimate bill to Elevations when the mission is accomplished. Additionally, you will have to evaluation and signal mortgage closing paperwork; these paperwork might be emailed to you securely, and it’s possible you’ll choose to schedule a closing at one in every of our branches.
As soon as your mission has been accepted, you’ll need to ascertain your membership account at Elevations earlier than closing in case you are not at present 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 be aware that your software is sweet for 180 days. To proceed with a mission after that point, we would want to re-pull your credit score and recollect earnings paperwork. At the moment, you’ll then be topic to present charges, if they’ve modified.
When 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 Vitality Mortgage.
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