The GEOSmart unsecured residential financing program is the industries easiest to use energy efficiency financing program. GEOSmart residential, offers flat rate options as low as 5.99% APR with loans from $1,000 to $25,000 and payment options as low as 1.25% of the amount financed. For example, a $5,000 project can be financed for only $62.50 per month, while a $10,000 project is only $125 per month. The power of low payments with approvals in minutes gives contractors the ability to keep control of the sale and close more energy efficient and renewable product upgrades, driving up customer participation in utility resource efficiency programs.
With the current credit crisis and equity financing all but dried up for many homeowners, sponsored financing is more critical today than ever before. Program sponsors that offer rebate only programs are locking out potentially tens of thousands of homeowners that a rebate only program simply does not motivate. Rebates are effective for cash buyers as a means of motivating them to purchase the higher cost energy efficiency upgrade. However, if the homeowner does not have ready access to cash or requires financing, a rebate only program will not be enough to drive the desired buying behavior. In absence of affordable financing, these homeowners often opt for the lowest cost replacement product or put a band-aid on their old inefficient equipment and operate it as long as possible. |  The average household
only has $5,000 in their
bank account making the
availability of affordable
financing program more
important than ever. |
EGIA administered residential unsecured financing embodies all of the critical success factors listed below:- No Closing Costs, No Pre-Payment Penalties, Fees Or Points To Customers
- No Fees To Participating Contractors For Contractor Screening & Approval
- NO FINANCIAL RISK ASSUMED BY THE PROGRAM SPONSOR FOR CUSTOMER BAD DEBT!. All Responsibility For Uncollected Debt Is Assumed By The Financial Service Provider.
- Credit Qualification Criteria That Buys Deep To Qualify Moderate Income Homeowners.
- Single Tier Approval Process With Fixed Rates From 5.99% APR
- Reduced Payment Factors To Make Investing In Home Efficiency, Affordable
- Industry Low Single Tier Interest Rate Buy-Down Options To Increase Utility Program Cost Effectiveness
- Quick & Easy Process For Customers & Contractors
- Rapid Credit Approval (Usually Within 5 Minutes)
- Extensive Contractor Sales and Program Process Training
With the GEOSmart Residential Financing Program, EGIA also offers program sponsors the option to establish a contractor referral program and website landing page for participating contractors and customers to make it easy to match interested customers with financing program qualified and authorized contractors.
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