Thank you for your interest in the non-profit Solar and Energy Loan Fund (SELF). SELF is an independent, non-profit, community-based lending organization focused on financing home renovations that promote energy efficiency, clean energy alternatives, storm protection, water conservation, and disability products. SELF provides homeowners with building science expertise, project management, and access to low cost capital to help identify and finance sustainable home improvement projects.
Detailed Program Steps:
Step One: Fill out the Loan Application completely and submit to SELF (the property owner must be the primary applicant). Follow the checklist for required document submission. Overall qualifications for being considered for approval for a low interest rate include: home ownership, creditworthiness, steady income, and proof of ability to repay the loan. Make sure to provide as much income information as possible with the application in order for the underwriter to make a sound decision (see checklist). If more information is needed, the property owner(s) will be contacted by the Loan Underwriting Department or the assigned Loan Program Manager/Loan Officer.
Step Two:If the application is approved, the property owner(s) may choose to receive an energy assessment on the home based on the type of installation, and will be notified by the Loan Program Manager/Loan Officer to discuss the next steps, project management, financing options, and best improvement solutions.
Step Three: The property owner(s) will be asked to request and obtain quotes from SELF’s Approved Contractor List. It is recommended (but not required) to obtain more than one quote from multiple contractors from this list. (SELF will only provide financing for improvements completed by SELF’s approved contractors.) If there is a quote prior to, or at, the application submission, please include it with the application.
Step Four: Once the contractor(s) has/have been chosen, the property owner(s) will contact the Loan Program Manager/Loan Officer to schedule a final consultation and/or a loan closing appointment. The loan will be closed for the amount of the quote(s) less any utility cash rebates. SELF will issue a Notice to Proceed (NTP) letter to the contractor(s) to proceed with the improvements.
Step Five: When the improvements are complete, SELF will obtain the final paperwork from the contractor(s). SELF will proceed with the disbursement of funds (payment(s) to the contractor(s)), if the improvements are satisfactory to SELF standards.
For the printable SELF Loan Application or more information about SELF's rates and program, see below under "Resources."