Customer https://gogreenfinancing.com/taxonomy/term/151 en How is the REEL program able to offer rates lower than what I can find elsewhere? https://gogreenfinancing.com/node/796 <span>How is the REEL program able to offer rates lower than what I can find elsewhere?</span> <div> <div class="label">FAQ Title Label</div> <div class="data">How is the REEL program able to offer rates lower than what I can find elsewhere?</div> </div> <span><span>Jack Ulrich</span></span> <span>Wed, 02/27/2019 - 14:08</span> <div> <div class="label">FAQ Property Type</div> <div class="data"><a href="/taxonomy/term/153" hreflang="en">Residential</a></div> </div> <div> <div class="label">FAQ category</div> <div class="data"><a href="/taxonomy/term/151" hreflang="en">Customer</a></div> </div> <div class="text_with_summary body"><p>The REEL program provides lenders with a credit enhancement, or a type of insurance, that helps control loan risk. If a borrower defaults, the lender may access the credit enhancement funds to mitigate losses. Because they have access to the credit enhancement, REEL lenders can offer more attractive terms to borrowers and/or make financing available to borrowers with a wide range of credit scores.</p> </div> Wed, 27 Feb 2019 22:08:45 +0000 Jack Ulrich 796 at https://gogreenfinancing.com What if my electric service is provided by a different energy company, such as a co-op, or public utility like SMUD or LADWP)? https://gogreenfinancing.com/node/795 <span>What if my electric service is provided by a different energy company, such as a co-op, or public utility like SMUD or LADWP)?</span> <div> <div class="label">FAQ Title Label</div> <div class="data">What if my electric service is provided by a different energy company, such as a co-op, or public utility like SMUD or LADWP)?</div> </div> <span><span>Jack Ulrich</span></span> <span>Wed, 02/27/2019 - 14:08</span> <div> <div class="label">FAQ Property Type</div> <div class="data"><a href="/taxonomy/term/153" hreflang="en">Residential</a></div> </div> <div> <div class="label">FAQ category</div> <div class="data"><a href="/taxonomy/term/151" hreflang="en">Customer</a></div> </div> <div class="text_with_summary body"><p>Your project can still receive financing under the REEL program if your project meets program guidelines and you receive <strong>natural gas service</strong> from one of the following investor-owned utilities: Pacific Gas and Electric Company, San Diego Gas &amp; Electric Company or Southern California Gas Company.</p><p>Since your electric service is provided by a different energy company (SMUD, LADWP, etc.), any electric measures can only comprise 30% of your loan amount. Gas measures must comprise at least 70% of your loan amount. Note that an HVAC system that includes an electric air conditioner along with a gas furnace can be counted as a gas measure.</p> </div> Wed, 27 Feb 2019 22:08:14 +0000 Jack Ulrich 795 at https://gogreenfinancing.com Do REEL projects require an energy audit or pre-project inspection? https://gogreenfinancing.com/node/793 <span>Do REEL projects require an energy audit or pre-project inspection?</span> <div> <div class="label">FAQ Title Label</div> <div class="data">Do REEL projects require an energy audit or pre-project inspection?</div> </div> <span><span>Jack Ulrich</span></span> <span>Wed, 02/27/2019 - 14:03</span> <div> <div class="label">FAQ Property Type</div> <div class="data"><a href="/taxonomy/term/153" hreflang="en">Residential</a></div> </div> <div> <div class="label">FAQ category</div> <div class="data"><a href="/taxonomy/term/151" hreflang="en">Customer</a></div> </div> <div class="text_with_summary body"><p>An energy audit or pre-project inspection is required only if you or your contractor are also participating in an investor-owned utility rebate or incentive program that requires it.</p> </div> Wed, 27 Feb 2019 22:03:42 +0000 Jack Ulrich 793 at https://gogreenfinancing.com Are post-project inspections required? https://gogreenfinancing.com/node/792 <span>Are post-project inspections required?</span> <div> <div class="label">FAQ Title Label</div> <div class="data">Are post-project inspections required?</div> </div> <span><span>Jack Ulrich</span></span> <span>Wed, 02/27/2019 - 14:02</span> <div> <div class="label">FAQ Property Type</div> <div class="data"><a href="/taxonomy/term/153" hreflang="en">Residential</a></div> </div> <div> <div class="label">FAQ category</div> <div class="data"><a href="/taxonomy/term/151" hreflang="en">Customer</a></div> </div> <div class="text_with_summary body"><p>Yes. If the project did not receive an investor-owned utility rebate or incentive, a program representative may visit the home within 180 days of the loan enrollment date to verify that the contractor complied with REEL program regulations.</p> </div> Wed, 27 Feb 2019 22:02:12 +0000 Jack Ulrich 792 at https://gogreenfinancing.com Do rental or leased properties qualify under the REEL program? https://gogreenfinancing.com/node/791 <span>Do rental or leased properties qualify under the REEL program?</span> <div> <div class="label">FAQ Title Label</div> <div class="data">Do rental or leased properties qualify under the REEL program?</div> </div> <span><span>Jack Ulrich</span></span> <span>Wed, 02/27/2019 - 14:01</span> <div> <div class="label">FAQ Property Type</div> <div class="data"><a href="/taxonomy/term/153" hreflang="en">Residential</a></div> </div> <div> <div class="label">FAQ category</div> <div class="data"><a href="/taxonomy/term/151" hreflang="en">Customer</a></div> </div> <div class="text_with_summary body"><p>Rental or leased properties are eligible with the owner’s written consent to have the eligible improvements installed. Some lenders limit financing to owner-occupied properties.</p> </div> Wed, 27 Feb 2019 22:01:41 +0000 Jack Ulrich 791 at https://gogreenfinancing.com What types of properties qualify under the REEL program? https://gogreenfinancing.com/node/790 <span>What types of properties qualify under the REEL program?</span> <div> <div class="label">FAQ Title Label</div> <div class="data">What types of properties qualify under the REEL program?</div> </div> <span><span>Jack Ulrich</span></span> <span>Wed, 02/27/2019 - 14:01</span> <div> <div class="label">FAQ Property Type</div> <div class="data"><a href="/taxonomy/term/153" hreflang="en">Residential</a></div> </div> <div> <div class="label">FAQ category</div> <div class="data"><a href="/taxonomy/term/151" hreflang="en">Customer</a></div> </div> <div class="text_with_summary body"><p>Eligible properties are single-family residences of 1 to 4 units. This includes single family homes, condos, townhouses, duplexes, triplexes, fourplexes, manufactured and mobile homes. Manufactured and mobile homes are eligible if the home is anchored to a permanent, site-built foundation constructed of durable materials, like concrete, mortared masonry, or wood). Note that some lenders will finance up to four units, while others finance only a single residential unit.</p><p>Eligible properties must receive natural gas and/or electricity from any of the following investor-owned utilities: Pacific Gas and Electric Company, San Diego Gas &amp; Electric Company, Southern California Edison and SoCalGas.</p> </div> Wed, 27 Feb 2019 22:01:18 +0000 Jack Ulrich 790 at https://gogreenfinancing.com What types of projects can I finance? https://gogreenfinancing.com/node/789 <span>What types of projects can I finance?</span> <div> <div class="label">FAQ Title Label</div> <div class="data">What types of projects can I finance?</div> </div> <span><span>Jack Ulrich</span></span> <span>Wed, 02/27/2019 - 13:59</span> <div> <div class="label">FAQ Property Type</div> <div class="data"><a href="/taxonomy/term/153" hreflang="en">Residential</a></div> </div> <div> <div class="label">FAQ category</div> <div class="data"><a href="/taxonomy/term/151" hreflang="en">Customer</a></div> </div> <div class="text_with_summary body"><p>You can finance any measure that is listed on the <a href="http://treasurer.ca.gov/caeatfa/cheef/reel/resources/reel_eeemsList.pdf">REEL Eligible Energy Efficiency Measures+</a> list, as long as it meets the minimum efficiency requirements listed. Following are some examples of eligible energy improvement projects.</p><ul class="list"><li>HVAC: air conditioning units, furnaces, heat pumps, whole house fans, smart thermostats, duct sealing or replacement</li> <li>Insulation and air sealing</li> <li>Appliances</li> <li>Windows</li> <li>Water heating</li> <li>LED lighting</li> <li>Pool pumps</li> <li>Cool roof</li> <li>Radiant barriers</li></ul><p>A licensed contractor can help you identify specific energy improvement projects that qualify and are right for your home. View an online summary of <a href="http://treasurer.ca.gov/caeatfa/cheef/reel/resources/project_eligibility_list.pdf">REEL Project Requirements+</a>.</p> </div> Wed, 27 Feb 2019 21:59:10 +0000 Jack Ulrich 789 at https://gogreenfinancing.com Can I hire any contractor to complete my project? https://gogreenfinancing.com/node/788 <span>Can I hire any contractor to complete my project?</span> <div> <div class="label">FAQ Title Label</div> <div class="data">Can I hire any contractor to complete my project?</div> </div> <span><span>Jack Ulrich</span></span> <span>Wed, 02/27/2019 - 13:58</span> <div> <div class="label">FAQ Property Type</div> <div class="data"><a href="/taxonomy/term/153" hreflang="en">Residential</a></div> </div> <div> <div class="label">FAQ category</div> <div class="data"><a href="/taxonomy/term/151" hreflang="en">Customer</a></div> </div> <div class="text_with_summary body"><p>Contractors must be REEL participating contractors; however, it’s easy for licensed contractors to become REEL participating contractors. REEL participating contractors take a 1-hour, online training and submit a simple application to get approved. If you have a contractor you would like to work with, but they are not currently a REEL participating contractor, ask them to visit the <a href="/residentialcontractors">contractor resources</a> page to enroll.</p> </div> Wed, 27 Feb 2019 21:58:14 +0000 Jack Ulrich 788 at https://gogreenfinancing.com How do I find a licensed contractor participating in the REEL program? https://gogreenfinancing.com/node/787 <span>How do I find a licensed contractor participating in the REEL program?</span> <div> <div class="label">FAQ Title Label</div> <div class="data">How do I find a licensed contractor participating in the REEL program?</div> </div> <span><span>Jack Ulrich</span></span> <span>Wed, 02/27/2019 - 13:57</span> <div> <div class="label">FAQ Property Type</div> <div class="data"><a href="/taxonomy/term/153" hreflang="en">Residential</a></div> </div> <div> <div class="label">FAQ category</div> <div class="data"><a href="/taxonomy/term/151" hreflang="en">Customer</a></div> </div> <div class="text_with_summary body"><p>Check our list of <a href="/contractorfinder">licensed contractors</a>. You are always encouraged to do your own research and due diligence when selecting a contractor. You can look up information on a contractor through the <a href="http://www.cslb.ca.gov/">Contractors State License Board (CSLB)+</a>. Websites that review contractors include <a href="http://www.bbb.org/">Better Business Bureau (BBB)+</a>, <a href="http://www.yelp.com/">Yelp+</a> and <a href="http://www.angieslist.com/">Angie’s List+</a>.</p> </div> Wed, 27 Feb 2019 21:57:09 +0000 Jack Ulrich 787 at https://gogreenfinancing.com Can I obtain both PACE and REEL financing at the same time? https://gogreenfinancing.com/node/786 <span>Can I obtain both PACE and REEL financing at the same time?</span> <div> <div class="label">FAQ Title Label</div> <div class="data">Can I obtain both PACE and REEL financing at the same time?</div> </div> <span><span>Jack Ulrich</span></span> <span>Wed, 02/27/2019 - 13:52</span> <div> <div class="label">FAQ Property Type</div> <div class="data"><a href="/taxonomy/term/153" hreflang="en">Residential</a></div> </div> <div> <div class="label">FAQ category</div> <div class="data"><a href="/taxonomy/term/151" hreflang="en">Customer</a></div> </div> <div class="text_with_summary body"><p>Yes. If you currently have a PACE loan and would like to do additional energy efficiency projects, you can also apply for REEL financing, or vice versa. However, the lender will look at your total debt-to-income ratio when making a decision. Also, both loans cannot finance the same project.</p> </div> Wed, 27 Feb 2019 21:52:14 +0000 Jack Ulrich 786 at https://gogreenfinancing.com