January 23 th 2014 cefia residential programs
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January 23 th , 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. I ntroduction to Financing Products. Smart-E Loans I ntroduction to Smart-E Loans.

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January 23 th 2014 cefia residential programs
January 23th, 2014CEFIA Residential Programs


Agenda
Agenda

  • Introduction to CEFIA

  • Introduction to Homeowner Financing Options

    • Smart-E Loan

    • Cozy Home Loan

    • CT Solar Loan

    • CT Solar Lease


I ntroduction to financing products
Introductionto Financing Products


Smart e loans i ntroduction to smart e loans
Smart-E LoansIntroductionto Smart-E Loans


What are smart e loans
What are Smart-E Loans?

  • Residential loanproduct for CT homeowners

  • Low-interestfinancing 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


Participating lenders
Participating Lenders

www.energizect.com/smarte


Marketing the smart e loan
Marketing the Smart-E Loan

  • 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 loan1
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)


Smart e marketing promotion
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
Sign Up to Become Smart-E Eligible

  • Contact Madeline Priest at [email protected] to schedule a 45 minute webinar on process

  • Visit the contractor portal here: www.ctcleanenergy.com/Smart-E


Cozy home loans i ntroduction to cozy home loans
Cozy Home LoansIntroductionto Cozy Home Loans


Cozy home loan introduction who is hdf
Cozy Home Loan IntroductionWho is HDF?

  • Housing Development Fund

    • Nonprofit organization that finances the development of affordable housing in southwestern CT since 1989

We help 8,400families establish good credit and manage down-payments.

Free counseling for homebuyers and distressed owners

We’ve enabled over 1,600 people to buytheir first home.

Down payment and closing cost assistance

We’ve financed over 1,000 quality rental units.

Lending to multifamily developers


Cozy home loan introduction what is cozy home
Cozy Home Loan IntroductionWhat is Cozy Home?

  • Residential loanproduct for CT homeowners in Litchfield, Fairfield, and New Haven Counties

  • Low-interestfinancing

  • 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 introduction income limits
    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 introduction income limits1
    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 i ntroduction to the ct solar loan
    CT Solar LoanIntroductionto the CT Solar Loan


    Ct solar loan
    CT Solar Loan

    • Residential loanproduct 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
    CT Solar Loan Interest Rate Promotion

    • For CT Solar Loan, Sungage is offering a $600 promotion toward interest paymentsfor all customers who finance systems using this product

    • Offer good until March 31, 2014


    Marketing the ct solar loan
    Marketing the CT Solar Loan

    Sungage.net

    • 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

    Physical collateral

    Solar Wealth™ Calculator


    Sign up to become ct solar loan eligible
    Sign Up to Become CT Solar Loan Eligible


    Ct solar lease i ntroduction to the ct solar lease
    CT Solar LeaseIntroductionto the CT Solar Lease


    Overview of 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

    22


    Overview of the ct solar lease1
    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

    23


    Marketing the ct solar lease
    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
    Sign Up For CT Solar Lease

    • Contact Bob Groegler at [email protected] to get started

    • Visit the contractor portal here: www.ctcleanenergy.com/PVLease


    Cefia contacts
    CEFIA Contacts

    • Robert Schmitt, Associate of Marketing and Outreach, Marketing and Outreach

      Ph: 860-257-2173

      [email protected]

    • Madeline Priest, Project Assistant, Residential Programs

      Ph: 860-257-2891

      [email protected]

    • John D’Agostino, Senior Manager, Residential Programs

      Ph: 860-257-2333

      [email protected]



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