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CHF Residential                  Energy Retrofit Program                  Loans and Grants to help homebuyers make        ...
What is the CHF energy program?                  New program that provides low interest rate                  loans and gr...
Available Funds                  • $16.5 million grant awarded to CHF by                    State Energy Commission       ...
DEL NORTE                       SISKIYOU                    MODOC                                                         ...
Financial Assistance from CHF                  CHF Loan                      •      0-3% fixed interest rate, 15-year full...
Qualifications                  Subject Property                      •       Must be a single-family, 1-4 unit, residenti...
Income Limits                  Income Limits for All Eligible Counties on CHF Website                       •       60% -1...
Energy Efficiency Improvements                  “Whole-House” Concept         Energy Audits           Priorities          ...
Contractor Participation                  •   Documents                       1. Contractor Application & Checklist       ...
Orientation and Training from CHFwww.chfloan.org     Page 10
Thank You For Your Participation                   CRHMFA Homebuyers Fund (CHF)                   1215 K Street, Suite 165...
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Innovative Financing Options for Contractors - CHF Residential Energy Retrofit Program

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n today's economy, it's tough for homeowners to find financing for their energy efficiency and renewable energy upgrades. This free workshop introduces a wide variety of residential clean energy financing products for energy efficiency, solar PV and solar thermal installations.

We will also cover current clean energy rebates that also help bring down project and financing costs, improve the customer's ROI and increase the chance for contractor sales. Don't miss this opportunity to ask questions and talk with representatives from financial institutions over a networking lunch. Breakfast will also be provided.

Space is limited, so register soon!

Who Should Attend?



Contractors working in the clean energy industry including:

Home Performance Contactors
Energy Advisors
HVAC Contractors
Insulation Contractors
BPI Certified Professionals
Solar Contractors
Solar Integrators

Published in: Technology, Business
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Transcript of "Innovative Financing Options for Contractors - CHF Residential Energy Retrofit Program"

  1. 1. CHF Residential Energy Retrofit Program Loans and Grants to help homebuyers make energy efficiency home improvementswww.chfloan.org
  2. 2. What is the CHF energy program? New program that provides low interest rate loans and grants to help homeowners make energy-saving home improvements • Currently available in over 49 counties of CA • Encourages homeowners to take a "whole house" approach and combine several related improvements at once to increase a homes overall energy efficiency and achieve greater savings. • Promotes new job creation for contractors and tradesmenwww.chfloan.org Page 2
  3. 3. Available Funds • $16.5 million grant awarded to CHF by State Energy Commission • $2 million additional commitment from CHF TOTAL funds = $18.5 Million • $9.3M for Loans to finance projects • $4.1M for Grants towards project cost • $1.5M for Grants to cover in/out inspections • Remainder for administration • Contract ends 03/2012 (or when funds are depleted)www.chfloan.org Page 3
  4. 4. DEL NORTE SISKIYOU MODOC Available in Over 49 Counties of CA CHF’s Joint Powers Authority Jurisdiction SHASTA TRINITY LASSEN HUMBOLDT TEHAMA PLUMAS MENDOCINO BUTTE GLENN SIERRA Member Counties (31) COLUSA NEVADA LAKE SUTTER YUBA PLACER Associate Member Counties (18) SONOMA YOLO EL DORADO ALPINE Associate Member Cities (2) NAPA SACRAMENTO AMADOR SOLANO CALAVERAS MARIN SAN MONO CONTRA TUOLUMNE JOAQUIN COSTA SAN FRANCISCO ALAMEDA MARIPOSA STANISLAUS SAN MATEO SANTA MERCED CLARA SANTA MADERA CRUZ SAN BENITO FRESNO INYO San Jose TULARE MONTEREY KINGS SAN LUIS OBISPO KERN SAN BERNARDINO SANTA BARBARA VENTURA LOS ANGELES RIVERSIDE ORANGE IMPERIAL Palmdale SAN DIEGOwww.chfloan.org Page 4
  5. 5. Financial Assistance from CHF CHF Loan • 0-3% fixed interest rate, 15-year fully amortizing o Zero % in Most Member Counties (Promotional Period) o 3% in Associate Member Counties/Cities • Loan amount = Net project cost (after CHF Grants) • No minimum or maximum loan amount • Loan serviced by CHF • Fixture-filing lien placed on installed equip only CHF Grants 1. 15% of project cost, up to $1,250 per home, AND 2. Up to $700 to cover initial and final energy auditswww.chfloan.org Page 5
  6. 6. Qualifications Subject Property • Must be a single-family, 1-4 unit, residential property • Must be free of any judgments, tax or mechanic liens • Rental properties are permitted • No appraisal on house required Applicant(s) – All parties on property title • Must have a current source of income • Income limits: 60% -160% of AMI • Must be current on mortgage and property taxes • No minimum credit score required • No maximum debt-to-income ratioswww.chfloan.org Page 6
  7. 7. Income Limits Income Limits for All Eligible Counties on CHF Website • 60% -160% of AMI • Based on combined income of all parties on title • San Diego County: $44,940 – $119,840 • Imperial County: $26,640 – $71,040 • Riverside County: $37,500 – $100,000www.chfloan.org Page 7
  8. 8. Energy Efficiency Improvements “Whole-House” Concept Energy Audits Priorities Builds on the concepts of Initial energy Prioritizes lowest HERS II and Home assessment and cost/highest benefit Performance with Energy computer modeling to Star predict energy savings Addresses ALL of home’s Final energy Renewables energy-using features assessment to check (i.e. solar) equip was installed • Only considered Result = Energy Savings, correctly and verify after energy improved comfort, air predicted energy efficiency work quality, combustion safety, savings are still on noise reduction, etc. target • Requires at least 10% min in energy efficiency is metwww.chfloan.org Page 8
  9. 9. Contractor Participation • Documents 1. Contractor Application & Checklist 2. Sign CHF’s Contractor Participation Agreement 3. Complete a Waste Management Plan • License & Experience – CA General Building Contractor License – Standard insurance requirements – Employ a Building Performance Institute (BPI) Certified Analyst on staff – Provide proof of completed modeling analysis and installation work on two (2) whole house performance projects in preceding 24 months. • Training – Contractor Training, facilitated by CHF – Procedures Training, facilitate by CHF (after approval)www.chfloan.org Page 9
  10. 10. Orientation and Training from CHFwww.chfloan.org Page 10
  11. 11. Thank You For Your Participation CRHMFA Homebuyers Fund (CHF) 1215 K Street, Suite 1650 Sacramento, CA 95814 (855) 740-8422 www.chfloan.org Presentation contains program highlights only. Income limits and other program guidelines apply. Contact CHF for full program guidelines and participation requirements. The CHF Residential Energy Retrofit Program is sponsored by CRHMFA Homebuyers Fund (CHF), a government entity in California. Funding for the program is made possible through a grant award from the Energy Commission the State of California. Revised August 4, 2011www.chfloan.org Page 11
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