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January 23 th , 2014 CEFIA Residential Programs

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

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  1. January 23th, 2014CEFIA Residential Programs

  2. Agenda • Introduction to CEFIA • Introduction to Homeowner Financing Options • Smart-E Loan • Cozy Home Loan • CT Solar Loan • CT Solar Lease

  3. Introductionto Financing Products

  4. Smart-E LoansIntroductionto Smart-E Loans

  5. 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

  6. Participating Lenders www.energizect.com/smarte

  7. 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

  8. 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)

  9. 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

  10. Sign Up to Become Smart-E Eligible • Contact Madeline Priest at madeline.priest@ctcleanenergy.com to schedule a 45 minute webinar on process • Visit the contractor portal here: www.ctcleanenergy.com/Smart-E

  11. Cozy Home LoansIntroductionto Cozy Home Loans

  12. 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

  13. 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)

  14. 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

  15. 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

  16. CT Solar LoanIntroductionto the CT Solar Loan

  17. 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

  18. 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

  19. 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

  20. Sign Up to Become CT Solar Loan Eligible • Contact Ron French at Sungage to get started • Ronald.French@Sungage.net

  21. CT Solar LeaseIntroductionto the CT Solar Lease

  22. 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

  23. 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

  24. 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.

  25. Sign Up For CT Solar Lease • Contact Bob Groegler at rgroegler@afcfirst.com to get started • Visit the contractor portal here: www.ctcleanenergy.com/PVLease

  26. CEFIA Contacts • Robert Schmitt, Associate of Marketing and Outreach, Marketing and Outreach Ph: 860-257-2173 robert.schmitt@ctcleanenergy.com • Madeline Priest, Project Assistant, Residential Programs Ph: 860-257-2891 madeline.priest@ctcleanenergy.com • John D’Agostino, Senior Manager, Residential Programs Ph: 860-257-2333 john.dagostino@ctcleanenergy.com

  27. Questions / Comments

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