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Certified Contractors
Insulation Financing Summary
Eligibility
- Residential Customers only, including landlord renting to residential customer
- Unless landlord, applicant must reside in home to be improved
- Applicant must own or purchasing home to be improved
- Installations can only be completed by members of SPIRE Natural Gas Contractor program
- Improvements can be made to single family, duplex, triplex, fourplex or mobile home.
Qualifications
Eligible home energy conservation improvements must include, where feasible, increase in attic/ceiling insulation level to minimum R-38. But also, may then add:- Attic, floor, wall and duct insulation
- Duct sealing o Attic ventilation
- Caulking and weather-stripping
- Storm doors and storm windows
- Energy audit by certified energy auditor (does not have R-38 insulation installation requirement)
Terms
- Maximum loan per home is $5,000. No minimum loan amount
- Maximum loan per duplex $10,000, triplex $15,000, fourplex $20,000
- Interest rate 3% F
- Five-year maximum re-payment period
- Monthly loan charges on SPIRE gas bill
- Internal credit requirements for all applicants: No more than thirty days’ arrears; Within past 12 months; No service disconnected for non-payment; No submission of un-honored checks; Received no more than four delinquent notices
- If Applicant SPIRE customer less than twelve months, a commercial credit report must show open credit and timely meeting of payments
- External (Equifax) credit requirements for applicants requesting loan amount greater than $1,000 o Minimum Beacon score 650