NEW JERSEY FINANCE OPTIONS
Home Energy Efficiency Loans
Energy Efficiency Financing Options
BrightHome wants your home to be healthier, more efficient and more comfortable. Making these changes can be more affordable by using one of the many programs listed below. For more information, please contact a BrightHome Energy Consultant at 877-861-1818.
New JerseY
Clean
Energy
Program
FHA TITLE-ONE
UNSECURED HOME
IMPROVEMENT LOAN
FHA TITLE-ONE
HOME IMPROVEMENT
LOAN
What is it?
The New Jersey Clean Energy program offers financial incentives on energy efficient home improvements packages made by certified contractors such as BrightHome.
Who is eligible?
The more energy efficient measures you decided to implement, the more incentives you may be eligible to receive. BrightHome will handle all the paperwork at your convenience.
What are the loan guidelines?*
| Estimated Total Energy Savings | Cash Rebate | Loan Details |
|---|---|---|
| 10% to 20%1 | $2,000 | 0% interest loan or repayment plan up to $5,000 |
| 20% to 25%2 | $3,000 | 0% interest loan or repayment plan up to $10,000 |
| 25% or greater2 | $5,000 | 0% interest loan or repayment plan up to $10,000 |
1) For Installed
air sealing and/or insulation, with the option of installing hot water heater, duct sealing and/or duct insulation, measures, with estimated TES at least 10% and less than 20%.
2) For installed air
sealing and at least one additional eligable measure, including insulation, HVAC or hot water heater, with estimated TES of at least 20% and less than 25%.
*Doors and windows, appliances, and lighting fixtures/bulbs are no longer eligible measures for incentives and cannot count towards the savings calculation. Not to exceed 50% of the costs of the approved measures used to calculate TES. Program details are subject to change.
What is it?
The Federal Housing Administration (FHA) makes it easier for consumers to obtain affordable home improvement loans by allowing loans up to $25,000 without any equity in the home. In other words, the loan can exceed the value of the home.
The Title I program insures loans to finance the light or moderate rehabilitation of properties that include air-sealing, insulation, HVAC services and replacement windows and doors. This program may be used to insure such loans for up to 20 years on either single or multifamily properties. The maximum loan amount is $25,000 for improving a single-family home or for improving or building a nonresidential structure.
For improving a multifamily structure, the maximum loan amount is $12,000 per family unit, not to exceed a total of $60,000 for the structure. These are fixed-rate loans.
Who is eligible?
Eligible borrowers include the owner of the property to be improved, the person leasing the property (provided that the lease will extend at least 6 months beyond the date when the loan must be repaid), or someone purchasing the property under a land installment contract.
Title I loans may be used to finance permanent property improvements that protect or improve the basic livability or utility of the property--including manufactured homes, single-family and multifamily homes, nonresidential structures, and the preservation of historic homes.
About Our Lending Partner
BrightHome Energy Solutions is working with the largest direct lender of FHA Title-One Home Improvement Loans. With an entire department dedicated to funding and servicing FHA Title-One Home improvement Loans, we guarantee you will always receive fast, responsive service.
- Pre-approval only takes 30 minutes
- Final approval in 24 hours
- Funding in as little as four days
Additional Information
For more information about these programs, or to speak with an energy consultant directly, call us at 914-909-5300.
WHAT IS IT?
The Federal Housing Administration (FHA) makes it easier for consumers to obtain affordable home improvement loans by allowing loans up to $7,500 without any equity in the home. In other words, the loan can exceed the value of the home.
The Title I program insures loans to finance the light or moderate rehabilitation of properties that include air-sealing, insulation, HVAC services and replacement windows and doors. This program may be used to insure such loans for up to 20 years on either single or multifamily properties. The maximum loan amount is $7,500 for improving a single-family home or for improving or building a nonresidential structure.
WHO IS ELIGIBLE?
Eligible borrowers include the owner of the property to be improved, the person leasing the property (provided that the lease will extend at least 6 months beyond the date when the loan must be repaid), or someone purchasing the property under a land installment contract.
Title I loans may be used to finance permanent property improvements
that protect or improve the basic livability or utility of the property--including
manufactured homes, single-family and multifamily homes, nonresidential
structures, and the preservation of historic homes.
About Our Lending Partner
BrightHome Energy Solutions is working with the largest direct lender of FHA Title-One Home Improvement Loans. With an entire department dedicated to funding and servicing FHA Title-One Home improvement Loans, we guarantee you will always receive fast, responsive service.
- Pre-approval only takes 30 minutes
- Final approval in 24 hours
- Funding in as little as four days
ADDITIONAL INFORMATION
For more information about these programs, or to speak with an energy consultant directly, call us at 914-909-5300.
ENERGY INCENTIVES
AND FINANCING
- Overview
- New York Incentives
- New York Financing
- New York Utility Rebates
- New Jersey Incentives
- New Jersey Financing
