The REEL program may conduct field verifications on a random sample of projects that have not received an investor-owned utility or regional energy network (REN) energy efficiency rebate or incentive for each applicable eligible measure installed. The frequency of the verifications depends on how many projects the participating contractor has completed under the program and the type of eligible measures installed.
Will projects require more than one field verification (i.e., one from utility company and one from the REEL program)?
No. The REEL program only inspects projects that do not go through the investor-owned utility (IOU) or regional energy network (REN) rebate/incentive process because rebated projects will already be inspected by the investor-owned utilities.
An energy audit or preproject inspection is only required if you or the customer also are participating in an investor-owned utility rebate or incentive program that requires it.
Under certain circumstances, a project under the REEL program requires CAS/CAZ testing.
Yes, if the project did not receive an investor-owned utility rebate or incentive, we may conduct field verifications at the property within 180 days of the loan being enrolled to verify that the eligible measures were installed according to program regulations.
No, you must use the REEL invoice as there are certain pieces of information that must be collected on each project. The REEL invoice is designed to be completed electronically and emailed to the lender for fast processing of the customer’s loan application. If you do not wish to fill it out electronically, you may print it and fill it out by hand, scan it and email it to the lender or to the customer to give to the lender. You can certainly continue to provide your customer with your company’s standard invoice.
Submit the following documents for each eligible loan.
Is REEL financing available without applying for a rebate or incentive from the investor-owned utilities?
Yes. REEL financing is available if the project meets the eligibility requirements of the program. Applying for a rebate or incentive from an investor-owned utility is optional, but may provide additional savings.