The Energy-Efficiency Loan Program is offered by Valley Oak Credit Union a Participating Lender in the GoGreen Home Energy Financing Program.

Program Description

The Energy-Efficiency Loan Program is offered through Valley Oak Credit Union, a GoGreen Home Lender. The Energy-Efficiency Loan Program offers an unsecured no-fee loan to pay for eligible energy-efficiency and demand response projects for qualified single-family residential customers in Tulare and Madera Counties. Up to 30% of the loan can be used to pay for other, non-energy-efficiency home improvements, such as water-saving projects and remodeling! For more information about the GoGreen program, visit GoGreen Financing.

Benefits

• No lien on your property
• Competitive rates and affordable payments
• No money down, no closing costs and no prepayment penalties
• Borrowers with a wide range of credit scores may qualify
• Use up to 30% of loan amount toward non-energy-efficiency improvements

Availability

Madera and Tulare Counties

Miscellaneous Information

The property must receive gas and/or electric service from either Pacific Gas & Electric, SoCal Gas and/or Southern California Edison. Solar and other renewable energy-efficiency projects can not be financed. 

Rates Effective December 1, 2023  | 90-day Payment Deferment Available*

RATE* (APR)

FICO	Rate
760+	5.62%
700-759	6.12%
680-699	6.62%
650-679	7.12%
590-649	8.12%

TERM & AMOUNT

Term (years)	Min $	Max $
1 - 5	$1,500	$50,000
6 - 10	$10,000	$50,000
11 - 15	$25,000	$50,000

FEES

Fee Type	Amount
Membership Fee (one time)	$5

Apply for an Energy Efficiency Loan

*The maximum interest rate is capped at the 10-year treasury rate, which varies, plus 7.5%. As of January 3, 2022 the 10-Year Treasury Rate was 1.63% resulting in a maximum rate of 9.13%

Borrower Requirements

• Must live, work, or attend school in Tulare or Madera County
• Must join credit union prior to funding
• Minimum 580 credit score
• No foreclosures or bankruptcies within the past year
• Income verification required
• Equity in property is not required

Property Requirements

• Single family residential properties
• Must receive gas and/or electric service from either Pacific Gas & Electric, SoCal Gas and/or Southern California Edison

Project Requirements

• 70% of the loan must be for Eligible Energy-Efficiency Measures (EEEMs). Click here for a list of eligible measures. Other alterations necessary to complete the project may be included in the 70%.
• The remaining 30% of the loan may finance other home improvements including general remodeling, water-efficiency and demand response projects.

Documents Needed For Lender

• Certificate of Completion
• Final Itemized Invoice
• Current utility bill
   

Apply for an Energy Efficiency Loan

*The maximum interest rate is capped at the 10-year treasury rate, which varies, plus 7.5%. As of July 1, 2020, the 10-year treasury rate 10.62% making the maximum interest rate 8.12%.  Rates and terms are subject to change.