Make your home more efficient and comfortable

Upgrade to comfort with competitive rates and no prepayment penalties

Sammie Allen was looking to upgrade his cooling system so he contacted a local contractor, who introduced Sammie to the Residential Energy Efficiency Loan (REEL) program.

When Sammie met with a loan rep at a local credit union, he was amazed by the simplicity of the application process. He also was impressed with the low interest rates and the ability to pay off the loan early with no fees. He says it was a “no-brainer to save my cash and utilize the financing offered through REEL.” And he appreciates the ability to pay off the loan sooner than the terms with no prepayment penalties.

What REEL financing can do for you
Looking to make home improvements? The REEL program can help you finance a wide range of energy upgrades, from heating and air conditioning to windows and insulation. Up to 30% of your loan can go toward nonenergy items, such as kitchen cabinets and flooring. The REEL program is available to borrowers with a wide range of credit scores and incomes, has no closing costs or origination fees, and offers affordable monthly payments.

Explore energy efficiency improvements and find a participating REEL contractor on the residential page.

Allen Family home improvement
Total Project Cost: $12,748.09
Interest Rate: 5.50% APR
Reel Program Loan: $12,748.09
Monthly Payment: $250.00

Allen home improvements

Ducted evaporative cooler

A ducted evaporative cooler filters the air through water. This allows for a more cost effective, energy efficient, and environmentally friendly system compared to traditional air coolers.

Central AC unit

A 16-SEER central air conditioner provides higher energy efficiency and greater cooling comfort than most systems.

Residential Start Project

Start your project today!

Here are four simple steps to finance your home energy improvement project with REEL.

1. Get a project estimate from a contractor.

2. Choose an approved lender and apply for financing.

3. Receive lender confirmation to start your project.

4. Sign loan closing documents and enjoy your comfortable, efficient home.