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Finance Product Details

Residential Energy Efficiency Loan (REEL) by California Coast
Lender: Residential Energy Efficiency Loan (REEL) by California Coast
Website: www.CalCoastCU.org
Email: energy@calcoastcu.org
Phone: (858) 495-1637
Product Description
The Residential Energy Efficiency Loan (REEL) is offered through California Coast Credit Union, a CHEEF Participating Lender. It offers financing to pay for eligible energy efficiency projects to qualified single-family and 1-4 unit residential customers throughout California. Up to 30% of the loan can be used to pay for other home improvements, such as water-saving projects and remodeling.
Miscellaneous Information
The property must receive gas and/or electric service from Pacific Gas and Electric, Southern California Gas, Southern California Edison or San Diego Gas & Electric. Rental properties are eligible with loan made to property owner.
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Verified by Lender on: 7/11/2017
The data provided is for informational purposes only. For actual loan terms specific to borrowers, contact the lender directly.
Property Types
Sponsor:
CHEEF
Financing Type
Unsecured
Financing & Payment Information
Rate (APR):
6.38% - 8.88%
Term (years):
1 - 15 years
Minimum Amount:
$2,500
Maximum Amount:
$50,000
Fees:
None
Down Pmt. Required:
No
Re-pmt. Method:
Off-bill loan (Direct to Lender)
Pmt Frequency:
Monthly
Pre-pmt Penalty:
No
Allowable Projects
Funds Energy Efficiency projects
Funds Water Efficiency projects
Funds Demand Response projects
Funds other energy projects
30% of the loan may finance other home improvements, including water efficiency and demand response projects. Solar may not be
Funds other energy-related projects
Alterations necessary to complete the energy efficient project may be included.
Funds other non-energy projects
30% of the loan may finance other home improvements, including water efficiency and demand response projects.
Other Program Requirements
Contractors
Must be program-approved
Financing Approval Time
Within 24 hours - Preliminary
Equity in Property Needed
No

Other Variations of this product

Residential Energy Efficiency Loan (REEL) by California Coast

Property Types
Sponsor CHEEF
Financing Type Unsecured loan
Term (years) 1 - 5 year(s),  6 - 10 year(s),  11 - 15 year(s) year(s)
Rate (APR) 7.88% - 8.88%
Min. Amount $2,500
Max. Amount $50,000
One-time Fees No
Ongoing Fees No
Description The Residential Energy Efficiency Loan (REEL) is offered through California Coast Credit Union, a CHEEF Participating Lender. It offers financing to pay for eligible energy efficiency projects to qualified single-family and 1-4 unit residential customers throughout California. Up to 30% of the loan can be used to pay for other home improvements, such as water-saving projects and remodeling.