Energy Smart Loans

Tailored Loan Terms to Match Your Energy Investment

Your energy-efficient investment is saving you money and will continue for years to come. An Energy Smart Loan with NEFCU can be financed for 5, 10 or 15 years, depending on the amount you need to finance. We want to keep your payment affordable. The shorter the term the lower the interest rate and our rates are fixed for the life of the loan.

One-Time Free Re-Amortization

If at any point during the loan you have the opportunity to pay down the balance, you can lock in a new monthly payment based on the new principal balance.

No Pre-Payment Penalty

You may pay down the principal on your loan anytime you like with no penalty. This is not a home equity loan, so there is no appraisal or title work needed.

Qualifying Products and Services

• Solar panels & trackers^*
• Stoves, furnaces and boilers using renewable fuels (shell corn, pellets, vegetable oil, wood chips)
• Energy Efficient/Energy Star appliances – refrigerator, freezer, washer/dryer, dishwasher, and microwave^**
• Energy Efficient/Energy Star windows, doors, skylights, furnaces, air conditioners^**
• Energy Efficient/Energy Star cold climate heat pumps, heat pump water heater and high efficiency wall hung boilers^**
• Products and services to seal energy leaks and add insulation
• Costs for conversion to natural gas

^* NEFCU does not offer tax services. Please us a professional tax preparation service to inquire about potential tax credits.

^** Energy Efficient and/or Energy Star rated products require verification of rating; spec sheet available from place of purchase or online.

^*** There’s not really a footnote for three asterisks. We just want to say thank you for using renewable energy sources and reducing the use of energy from other sources. It’s a big deal!