In partnership with Garfield Clean Energy, Clean Energy Economy for the Regions (CLEER), EnergySmart Partners LLC offers affordable energy efficiency loans to qualified residents to make eligible energy efficiency upgrade to reduce home energy costs.
www.garfieldcleanenergy.org www.cleanenergyeconomy.net
PROGRAM BENEFITS:
Loans for $1,000 up to $25,000 depending on applicants credit score, income verification, and length of loan term are available.
Fixed Interest Rates
Flexible Loan Terms
Loans in excess of $15,000 will be secured by a Deed of Trust on the property.
ELIGIBILITY REQUIREMENTS:
Your property must be located in Garfield County, Colorado.
You must own the residence to be upgraded with the energy efficiency renovations.
The property can be owner occupied or a rental property (rental properties are limited to loan amounts less than $15,000).
Have a minimum credit score of 580.
Meet additional financing terms of EnergySmart Partners LLC.
CREDIT METRICS:
Credit Metrics | Tier 1 | Tier 2 | Tier 3 |
Minimum FICO (Credit Score) Each borrower must have a minimum FICO If there are multiple borrowers, the lower the score (regardless of income) must be used for qualification | 700 if salaried (or fixed income) 720 if self-employed less than 2 years | 640 if salaried (or fixed income) 680 if self-employed more than 2 years | 580 if salaried, no self employment |
Bankruptcy, Foreclosure, Repossession | None in the last 7 years | None in the last 5 years | None in the last 2 years |
Unpaid Collection Accounts, Judgments, Tax Liens | No more than $2,500 total | No more than $2,500 total | No more than $2,500 total |
Loan Amounts | Up to $25,000 | Up to $10,000 | Up to $7,500 |
EXAMPLE LOAN SCENARIO:
$10,000 Loan Amount
5.75% Fixed Interest Rate 6.126% APR*
84 month loan term
$144.89 monthly payment
*APR means Annual Percentage Rate. Your APR may be higher or lower than the example above.
EnergySmart Partners’ loans range from $1,000 to $25,000. Fixed interest rates range from 3.75% to 8.5%. APR’s may range as low as 3.949% to 14.183% based on your creditworthiness, loan amount, term, and income verification type; and is subject to our normal credit qualifications. APR’s are subject to change without notice.
Loan amounts in excess of $15,000 will be secured by a Deed of Trust on the property.
List of Permitted Improvements:
| GCE EnergySmart Revolving Loan Fund List of Permitted Improvements |
| Category | Measure | Minimum Efficiency Requirements |
| Air Sealing | Air Sealing/HRV | Energy Smart Assessment required |
| Duct Sealing | Mastic only |
| Insulation | Attic | R-49 minimum total assembly |
| Wall | R-19 minimum total assembly |
| Floor | R-38 minimum; R-10 minimum slab on grade |
| Ducts | R-8 minimum |
| Rim Joists | R-19 minimum |
| Foundation / Basement Walls | R-10 minimum; interior or exterior |
| Crawlspace | Sealed floor and edge vapor barrier. R-10 minimum wall insulation |
| Heating | High Efficiency Furnace | AFUE > 92 % |
| Gas Boiler | AFUE > 92 % |
| Pellet Stove/Boiler | Minimum 75% efficiency, <2 grams/hr particulate |
| Ground Source Heat Pump | Energy Star qualified, closed-loop systems, with a minimum 3.3 COP and 14.1 EER |
| Cooling | Whole House Fan | Must have motorized, insulated dampers that shut and seal after every use. Must include air sealing between attic and living space and proper attic ventilation. |
| Evaporative Cooler | Whole House Premium systems must have a saturation effectiveness of 85% or higher, with remote thermostat control and periodic purge water control. Standard Systems must be new and have a minimum Industry Standard Rated (ISR) airflow of 2,500 CFM and must be permanently installed. |
| Air Conditioner/Air-Source Heat Pump (ASHP) | SEER > 14 or EER > 12, Energy Star qualified. ASHP must have an HSPF > 8.0 |
| Water Heating | Efficient Conventional | Minimum .67 EF gas, .92 EF electric |
| On-Demand/Tankless | Energy Factor of 0.82 or higher (Energy Star listed) |
| Doors/windows | Exterior Windows and Glass Doors | U-.35 maximum |
| Insulating Shutters or Blinds | R-5 minimum for shutters, R-3 for blinds |
| Insulating Exterior Doors or Storm Doors | U-.35 maximum for exterior doors |
| Lighting | LED Lighting | LEDs must be listed with Energy Star, Design Light Consortium, or Lighting Facts. |
| Controls | Energy Savings Controls | Includes programmable thermostats, timers, temp & occupancy sensors |
| Solar | Solar Thermal | Panels must be SRCC-rated and installed by a qualified contractor |
| Solar PV | Must first complete energy efficiency improvements achieving 15% savings |
| Health and safety improvements and improvements ancillary to an energy efficiency upgrade cannot exceed 25% of the total loan amount. Examples of this include radon mitigation, changes to a mechanical room, etc. |
| This list is subject to change without notice. |
Solar: Call CLEER staff before applying for Renewables funding at 970-704-9200. Off-Grid or On-site, Grid-tied, net-metered, adhering to policies of utility company. Systems must be installed by NABCEP or COSEIA certified contractor.
All improvements have minimum efficiency requirements. Eligible measures are subject to local building code and permitting processes. Ancillary improvement costs may not exceed 20% of total project. This list is subject to change without notice.
Contractors performing work and eligible improvements must comply with all applicable regulations.
To apply for this program:
Step 1: Apply Online
Step 2: Please print and sign the Authorization to Release Information & E-Consent forms.
Step 3: Click on the button below and pay for the report using a credit or debit card on our secured Paypal connection.
Pay Credit Report Here
After EnergySmart Partners LLC receives your completed application, signed Authorization to Release Information form and credit report payment, your application will be processed promptly and we will contact you the status of your application.
EnergySmart Partners LLC
a wholly owned subsidiary of
Funding Partners for Housing Solutions, Inc.
Megan Ferguson
Retail Program Manager
Colorado MLO# 100034415 NMLS# 382935
*Regulated by the Colorado Division of Real Estate
