colorado energy finance summit: adam stenftenagel, snugg home
DESCRIPTION
"The Needs of Homeowners & Contractors; Case Studies in Home Energy Retrofits"Snugg Home provides a complete technology and partner platform for home energy retrofits that are profitable and simple for the homeowner.TRANSCRIPT
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Financing Needs of Homeowners & Contractors
Adam Stenftenagel – Snugg Home
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Colorado Retrofit Working Group
Contractor Survey
Presented by:
Adam Stenftenagel
PrincipalSnugg Home
www.SnuggHome.com
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• Created to help solve the complicated puzzle of home energy retrofits
• “We do the work for you”
• OptiMiser: More accurate recommendations, estimates & ROI
• We bring it all together in one place: Audit, Financing, Contractor, Quality Assurance
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Contractor Survey
• Residential Retrofit Working Group created to identify the barriers in the retrofit industry in Colorado
• We needed to hear from contractors:
• Current capacity
• Interest in scaling up
• Needs in order to scale up
• Financing topped the list
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Contractor Survey
• Survey created by RRWG Finance and Contractor Committees
• Conducted from June 7 to June 21, 2010• Sent to contractors from:
• Energy Efficiency Building Coalition (EEBC)• Boulder Green Building Guild (BGBG)• Efficiency First• Preferred contractor list from Xcel’s Energy
Audit program.• 86 total responses (50 completed survey)
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Summary
• A diversity of small to mid-size firms are performing home energy retrofit work
• 95% of them want to grow
• 42% have not applied for a business loan
• More than ½ that have applied did not get the loan or are pending
• 62% of contractors feel that homeowner financing is a barrier to their success
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Summary
• There is a large, unsatisfied demand for business loans to contractors and retrofit loans for homeowners.
• We’ve seen what the growth figures look like for the Energy Efficiency Industry today.
• Financing is the crucial component to making this happen.
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For more information about this survey, please contact:
Adam StenftenagelPrincipal
Snugg Home
www.SnuggHome.com