Energy Efficiency Loan Programs

National Energy Improvement Fund (NEIF) has partnered with cuBIZloan to develop the

Go Greener Lending Program for Credit Unions.

NEIF is interested in exploring immediate forward funding relationships with like-minded Credit Unions for consumer energy efficiency financing programs and potentially for commercial lending.

NEIF’s loan flow consists of both residential and commercial financing, including both:

• Market-based lending and
• Program-sponsored subsidized lending wherein a utility, government or manufacturers supply rate-buydowns, loss coverage or subordinate capital to the lender resulting in lower rates to borrowers for targeted qualifying improvements.

Home Improvements are program specific and may include:

• Heating & Cooling
• Electrical, Plumbing, Kitchens & Baths
• Windows, Doors, Siding & Roofing
• Home Performance with ENERGY STAR®
• Air Sealing & Insulation
• Geothermal, Solar & Other Energy Projects

Annual funding commitment from $5 mm or more.

• Loan underwriting matching current NEIF’s successful, long-standing underwriting guidelines.
• NEIF can close in the Credit Union’s name with a fully integrated Memberization processes or in NEIF’s name with simultaneous Memberization and assignment.
• Used for both market-based and potentially buy-down programs and credit enhancement programs through utilities and governments
• Interested in exploring the development of a similar sub-$150k commercial energy efficiency lending program

NEIF’s team has 20-plus year of experience in compliance-focused, setting lending standards for energy efficiency improvements. NEIF provides a turn-key solution for energy efficiency financing including:

• Complete program administration with program partners (utilities, states etc.)
• Contractor recruitment, training and management program
• Program marketing
• Fully compliant origination and all loan servicing and investor reporting

NEIF understands the need for rigid compliance and fair-lending practices as well as the nuances of working with highly regulated institutions.

• NEIF has an approved network of over 1,900 energy efficiency contractors nationally who have been vetted and authorized to perform work under NEIF’s programs.
• Contractors who have earned the NEIF Seal of Approval are qualified, leading contractors of all sizes authorized to offer NEIF’s trusted, affordable monthly payment plans for energy and resilience upgrades.
• These contractors have met NEIF standards for commitment to quality work, customer service and financial stability. They leverage our technology, expertise and relationships to broaden their markets in HVAC, Roofing, Remodeling, Lighting, and most energy improvements.
• NEIF provides ongoing contractor management and training through its GoGreener Academy.

• All loans are made directly to credit-qualified homeowners for energy improvements to their primary residence or second homes
• The contractor is paid in full for the work when it is completed to the customer’s satisfaction and, in utility programs, with approval of the utility.
• Work may only be performed by a NEIF-Approved and vetted contractor
• Underwriting standards have a twenty-year track record of high performance and based off the original FannieMae energy loan underwriting guidelines

Performance of NEIF’s energy loan programs from 2019-2023 using nominally same standard credit guidelines as proposed.

Electrification is the most exciting transformation of our time:

the shift away from fossil fuels toward an electric-powered future.

Please contact us to learn more.

Murray Halperin, Managing Member

609.270.0200

info@cuBIZloan.com