You could 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 assist you each step of the way in which. Residence vitality loans can be utilized for tasks massive 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 way more.
Outline the undertaking
To get began, you’ll need to establish your native vitality mortgage program and search undertaking approval. Our collaborating vitality mortgage companions are Boulder County’s Energy Smart Program, HELP Loans for City of Fort Collins Utilities Customers and Colorado Clean Energy Fund loans by way of the Colorado Clear Vitality Fund. Your vitality advisor will aid you establish out there rebates and monetary incentives, plus join you with a participating contractor. Study extra about which projects qualify for a home energy loan on our weblog.
One factor to bear in mind is that every one contractors have to be on the authorized contractors checklist for the mortgage to be permitted. This checklist updates usually, socheck it earlier than beginning a undertaking.
![](https://blog.elevationscu.com/wp-content/uploads/2020/02/Energy-Loan-Progress-Step-1@2x-1-1024x66.png)
Submit your utility
You may then full our energy loan application. As soon as your utility is submitted you must obtain a affirmation electronic mail inside a number of enterprise days. When you’ve uploaded your earnings paperwork (see subsequent part), it should sometimes take about 1-3 weeks for the Colorado Clear Vitality Fund (CCEF) to evaluate your contractor’s proposal and reply with an official approval or subsequent steps. If CCEF approves your undertaking, then we attain out to let you already know your undertaking can proceed. When you’ve got any questions all through the method, be at liberty to name us at 800.429.7626.
![](https://blog.elevationscu.com/wp-content/uploads/2020/02/Energy-Loan-Progress-Step-2@2x-1-1024x66.png)
Collect your supporting info
As soon as your utility is pending approval, we’ll attain out
for the next info:
- Verification of Earnings
- 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 –
- Challenge approval by way of your collaborating vitality mortgage program
We are going to ship you an electronic mail with a hyperlink to securely add these paperwork. The e-mail may also embrace the preliminary phrases of your vitality mortgage, together with charge, time period, fee, and costs. As soon as the applying is permitted, it’s good for 180 days. After that point, candidates would wish to re-submit earnings paperwork, have one other credit score examine and can be topic to any charge adjustments.
![](https://blog.elevationscu.com/wp-content/uploads/2020/02/Energy-Loan-Progress-Step-3@2x-1-1024x66.png)
Get began in your undertaking
As soon as your mortgage is permitted by Elevations and the collaborating vitality mortgage program, we’ll contact you with the subsequent steps.
Sometimes, you’ll schedule and full the undertaking together with your approved contractor and electronic mail the ultimate bill to Elevations when the undertaking is accomplished. Additionally, you will have to evaluate and signal mortgage closing paperwork; these paperwork shall be emailed to you securely, and it’s possible you’ll decide to schedule a closing at one in every of our branches.
As soon as your undertaking has been permitted, you will want to ascertain your membership account at Elevations earlier than closing if you’re not at the moment an Elevations member. After membership, approval, and mortgage closing, Elevations will use your mortgage proceeds to pay your contractor straight. Find out about changing into an Elevations member here.
![](https://blog.elevationscu.com/wp-content/uploads/2020/02/Energy-Loan-Progress-Step-4@2x-1-1024x66.png)
Please notice that your utility is nice for 180 days. To proceed with a undertaking after that point, we would wish to re-pull your credit score and recollect earnings paperwork. At the moment, you’d then be topic to present charges, if they’ve modified.
When you’ve got any questions, please give us a name at 800.429.7626. We stay up for serving to you lower your expenses and take care of this stunning place we name residence with an Elevations Vitality Mortgage.
You could 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 assist you each step of the way in which. Residence vitality loans can be utilized for tasks massive 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 way more.
Outline the undertaking
To get began, you’ll need to establish your native vitality mortgage program and search undertaking approval. Our collaborating vitality mortgage companions are Boulder County’s Energy Smart Program, HELP Loans for City of Fort Collins Utilities Customers and Colorado Clean Energy Fund loans by way of the Colorado Clear Vitality Fund. Your vitality advisor will aid you establish out there rebates and monetary incentives, plus join you with a participating contractor. Study extra about which projects qualify for a home energy loan on our weblog.
One factor to bear in mind is that every one contractors have to be on the authorized contractors checklist for the mortgage to be permitted. This checklist updates usually, socheck it earlier than beginning a undertaking.
![](https://blog.elevationscu.com/wp-content/uploads/2020/02/Energy-Loan-Progress-Step-1@2x-1-1024x66.png)
Submit your utility
You may then full our energy loan application. As soon as your utility is submitted you must obtain a affirmation electronic mail inside a number of enterprise days. When you’ve uploaded your earnings paperwork (see subsequent part), it should sometimes take about 1-3 weeks for the Colorado Clear Vitality Fund (CCEF) to evaluate your contractor’s proposal and reply with an official approval or subsequent steps. If CCEF approves your undertaking, then we attain out to let you already know your undertaking can proceed. When you’ve got any questions all through the method, be at liberty to name us at 800.429.7626.
![](https://blog.elevationscu.com/wp-content/uploads/2020/02/Energy-Loan-Progress-Step-2@2x-1-1024x66.png)
Collect your supporting info
As soon as your utility is pending approval, we’ll attain out
for the next info:
- Verification of Earnings
- 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 –
- Challenge approval by way of your collaborating vitality mortgage program
We are going to ship you an electronic mail with a hyperlink to securely add these paperwork. The e-mail may also embrace the preliminary phrases of your vitality mortgage, together with charge, time period, fee, and costs. As soon as the applying is permitted, it’s good for 180 days. After that point, candidates would wish to re-submit earnings paperwork, have one other credit score examine and can be topic to any charge adjustments.
![](https://blog.elevationscu.com/wp-content/uploads/2020/02/Energy-Loan-Progress-Step-3@2x-1-1024x66.png)
Get began in your undertaking
As soon as your mortgage is permitted by Elevations and the collaborating vitality mortgage program, we’ll contact you with the subsequent steps.
Sometimes, you’ll schedule and full the undertaking together with your approved contractor and electronic mail the ultimate bill to Elevations when the undertaking is accomplished. Additionally, you will have to evaluate and signal mortgage closing paperwork; these paperwork shall be emailed to you securely, and it’s possible you’ll decide to schedule a closing at one in every of our branches.
As soon as your undertaking has been permitted, you will want to ascertain your membership account at Elevations earlier than closing if you’re not at the moment an Elevations member. After membership, approval, and mortgage closing, Elevations will use your mortgage proceeds to pay your contractor straight. Find out about changing into an Elevations member here.
![](https://blog.elevationscu.com/wp-content/uploads/2020/02/Energy-Loan-Progress-Step-4@2x-1-1024x66.png)
Please notice that your utility is nice for 180 days. To proceed with a undertaking after that point, we would wish to re-pull your credit score and recollect earnings paperwork. At the moment, you’d then be topic to present charges, if they’ve modified.
When you’ve got any questions, please give us a name at 800.429.7626. We stay up for serving to you lower your expenses and take care of this stunning place we name residence with an Elevations Vitality Mortgage.