The Flores family upgraded their home to be more energy efficient...you can too!
The water heater in the Flores household was inefficient, taking forever to provide enough hot water throughout their home and a rental unit – and adding significantly to their utility bills. They needed to make a change, so Jesse Flores contacted a local contractor to explore solutions.
To save energy and more efficiently distribute hot water throughout the property, the contractor recommended a tankless water heater that supplies a continuous supply of hot water on demand. During a walk-through, Jesse and the contractor discovered other areas that would benefit from energy-efficient upgrades – like a new furnace and smart thermostat in their home and a heat pump for the rental.
The Residential Energy Efficiency Loan (REEL) program allowed the Flores family to make all these upgrades and stay within their monthly budget.
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:||$15,906|
|Interest Rate:||7.38% APR|
|Reel Program Loan:||$15,906|