We offer two kinds of loans.
Same-As-Cash
PowerSaver
Same-As-Cash:
Up to one year
We offer a Same As Cash financing programs for customers in Virginia, Maryland and Washington, DC. There is no paper application to complete. Simply call and apply over the phone and usually within 10 minutes you will have a credit decision. This is a free and easy process. You must own and occupy the home in which the geothermal unit will be installed. Once you are approved, there are no payments of any kind required until the 365th day. This allows you to submit and receive the Federal 30% tax credits as well as any state or local rebates, where they are available. To learn more about the process and get the application phone number, please contact Shelton Cartwright, Jr. at 434 296-9348.
Loans provided by EnerBank USA (1245 E. Brickyard Rd., Suite 460, Salt Lake City, UT 84106) on approved credit, for a limited time. Repayment terms vary from 24 to 132 months. 16.64% fixed APR subject to change. Interest waived if repaid in 365 days.
PowerSaver
Low interest loans for up to $25,000 and 20 years backed by FHA. This is a loan program developed by HUD and offered by 18 financial institutions throughout the United States. The loans are designed for homeowners who have credit scores of at least 660 and need to finance approved energy efficiency related projects for their homes including the installation of geothermal systems. To learn more about the process contact Shelton Cartwright, Jr. at 434 296-9348.