Claudia Flores was pleasantly surprised by how fast and easy her upgrades were
Claudia Flores was looking to complete energy efficiency upgrades throughout her home and initially applied for Property Assessed Clean Energy (PACE) financing, but she worried that the process and tax restrictions were too problematic. She reached out to a local certified contractor in her neighborhood and requested an estimate for the work she wished to complete.
After making the estimate, the contractor introduced Claudia to the Residential Energy Efficiency Loan (REEL) program and shared with her the very positive experiences of other customers. Claudia reached out to a lender approved for the REEL program and was surprised to learn the application process was fast, straightforward and easy. She was instantly approved for financing and appreciated the flexible terms. Today, Claudia loves her home upgrades and enjoys the peace of mind that comes from having financed them with affordable payments and no property liens.
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.
| Total Project Cost: | $27,939.02 |
| Interest Rate: | 7.38% APR |
| Reel Program Loan: | $27,939.02 |
| Monthly Payment: | $257.91 |
Claudia Flores home improvements
Air sealing
Air sealing reduces air leakage out of the home, allowing for a more controlled household temperature at a low cost.
Attic insulation
Attic insulation stabilizes home temperature and provides a safer home environment.
Central heating unit
An energy efficient central heating unit cuts down on the cost to heat up the whole interior of your home.
Tankless water heater
A tankless water heater only heats water when your family needs to use it, saving the cost of keeping water hot in a traditional water heater.
Bath fan with light*
A bathroom fan provides ventilation and reduces moisture from the room.
*Nonenergy efficiency measure
Duct sealing and insulation
Duct sealing and insulation cover open gaps to better control household temperature.
Start your project today!
Here are four simple steps to finance your home energy improvement project with REEL.