Energy Smart Loan

NEFCU is excited to offer you an energy improvement loan with no money down so you can start saving right away. The Energy Smart Loan is just that, a loan with terms that make turning your home energy efficient...easy, whether installing solar panels or energy efficient appliances. 

Here are the basics:

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.

Table data for Energy Smart Loan
Term Annual Percentage Rate1 Alert Me
Fixed Rate 5 Years 6.49%
10 years 6.74%
15 Years 6.99%
Products and services purchased with the Energy Smart Loan proceeds must meet NEFCU Energy Efficient guidelines.
  • 1These are our posted rates; your rate could vary according to your credit.

  • 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.