Thank you for your interest in the non-profit Solar and Energy Loan Fund (SELF). SELF provides energy expertise and favorable financing to help property owners identify and make cost-effective home energy retrofits, including: energy conservation; energy efficiency; and renewable energy alternatives. SELF clients are reducing their energy consumption and using the energy savings to help pay off the loans over time. Rebates and tax credits may also apply to many of the energy saving products financed through this program. SELF clients are also increasing their home equity, market value, and overall quality of life.1
Step One: Fill out the Loan Application packet completely (the property owner must be the primary applicant), follow the checklist for required document submission, and a $25 loan application fee. 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 be required 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 solutions to obtain energy savings.
Step Three: The property owner(s) will request and obtain quotes from SELF’s Approved Contractor List. It is recommended 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.)
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 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.