illinois energy efficiency loan program · equipment fast, and gives them the ability to pay for it...

2
Illinois Energy Efficiency Loan Program Start Closing More Leads—Offer Customers Financing Homeowners often lack sufficient funds to make energy efficiency updates to their homes. As a result, some of your potential customers may decide to delay their projects until funds are available or install the measures they can afford versus what their home needs. The on-bill financing program makes it easier for your customers to say “yes” to energy efficiency projects. The Illinois Energy Efficiency Loan Program offers financing through Energy Finance Solutions (EFS) that helps your customers implement energy-efficient home improvements. Energy efficiency investments are a cost-effective means to decrease energy consumption, enhance building comfort, and reduce utility bills. By giving the customer a low monthly payment option, you can take the potential price shock from the sale and offer Energy Finance Solutions 431 Charmany Drive Madison, WI 53719 Phone: 877-923-2655 Fax: 608-249-5788 EFS financing helps contractors: Get more leads Close more sales See fewer cancelations Provide customers with a fixed rate loan* Offer a product with no hidden fees or rates that jump Create the connection with the trusted utility brand, homeowners and your business *Loan amount eligibility will depend on installations. Financial Services Division of Slipstream Visit energyfinancesolutions.com/ILContractors to learn more about the program!

Upload: others

Post on 06-Jul-2020

0 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: Illinois Energy Efficiency Loan Program · equipment fast, and gives them the ability to pay for it in affordable monthly installments. For some customers, the ease and . affordability

Illinois Energy Efficiency Loan ProgramStart Closing More Leads —Offer Customers Financing Homeowners often lack sufficient funds to make energy efficiency updates to their homes. As a result, some of your potential customers may decide to delay their projects until funds are available or install the measures they can afford versus what their home needs. The on-bill financing program makes it easier for your customers to say “yes” to energy efficiency projects.

The Illinois Energy Efficiency Loan Program offers financing through Energy Finance Solutions (EFS) that helps your customers implement energy-efficient home improvements. Energy efficiency investments are a cost-effective means to decrease energy consumption, enhance building comfort, and reduce utility bills. By giving the customer a low monthly payment option, you can take the potential price shock from the sale and offer

Energy Finance Solutions431 Charmany DriveMadison, WI 53719 Phone: 877-923-2655Fax: 608-249-5788

EFS financing helps contractors:• Get more leads• Close more sales• See fewer cancelations • Provide customers with

a fixed rate loan* • Offer a product with no hidden

fees or rates that jump• Create the connection with

the trusted utility brand, homeowners and your business

*Loan amount eligibility will depend on installations.

FinancialServicesDivision ofSlipstream

Visit energyfinancesolutions.com/ILContractors to learn more about the program!

Page 2: Illinois Energy Efficiency Loan Program · equipment fast, and gives them the ability to pay for it in affordable monthly installments. For some customers, the ease and . affordability

better-performing products for only a few extra dollars per month.

When customers need to replace a furnace, there is usually little time to spare. The automated EFS loan origination system allows customers to get a credit decision within seconds of completing the online application. The loan program helps customers replace equipment fast, and gives them the ability to pay for it in affordable monthly installments.

For some customers, the ease and affordability of financing is almost as important as the quality of the work.

Despite the benefits of energy efficiency investments, high up-front costs can be a significant barrier to investing in home energy improvements. The Illinois Energy Efficiency Loan Program allows utility customers to pay for the investments through a monthly loan charge on their utility bill.

Visit energyfinancesolutions.com/ILContractors to learn more about the program!

Loan features:• Residential owner-occupied and tenant

occupied, single-family (1 - 4 unit) homes, condominiums and mobile homes

• Unsecured loan added to your monthly utility bill (homeowner provides no collateral)

• Borrowers can finance $500 - $20,000

• Fixed rate loan terms: 5.99% interest rate† for 1, 3, 5, 7‡, and 10‡ years

• No fees, points, or closing costs

• No prepayment penalty; can pay in full at any time

• Can finance 100% of eligible measures

• Quick approval process

† Rates subject to change

‡ The loan amount must be greater than $8,000 to utilize a 7 or 10 year loan term

FinancialServicesDivision ofSlipstream

The Illinois Energy Efficiency Loan Program is brought to you by participating gas and electric utilities:

Energy Finance Solutions431 Charmany DriveMadison, WI 53719 Phone: 877-923-2655Fax: 608-249-5788