cuGreenLoans – Drives Loan Growth and New Members
The cuGreenLoan program is a financing solution developed by the New Jersey Credit Union League in conjunction with the New Jersey Clean Energy Home Performance Energy Start Program (HPwES). The program assists New Jersey homeowners in making their homes more energy efficient by increasing their home’s comfort, safety and durability, all while lowering their energy costs by up to 30%.
Eligible homeowners participating in the cuGreenLoan program enjoy low cost financing provided by NJCUL Member credit unions. In addition, some projects are eligible for rebates up to $4,000.
The process starts with a participating contractor, who perform a diagnostic test/audit on your home and provides you with recommendations to improve your homes energy efficiency. Each contractor participating in New Jersey Home Performance with Energy State must meet the certification and accreditation guidelines of the Building Performance Institute (BPI), nation’s premier credentialing, quality assurance and standards setting organization for home performance professionals. Since 1993, BPI has been setting technical standards for home energy auditing and energy efficiency upgrades.
The State requires each approved contractor to complete extensive training and approval proves before being accepted into the program. Each certified contractor will help guide participating homeowners in deciding what measures are best suited for them. Consumers can click here to find an approved N.J. contractor in the HPwES network.
- Sealing air leaks and adding insulation
- Improving heat and cooling systems
- Sealing ductwork
- Replacing windows
- Upgrading lighting, appliances, and water heating equipment
- Installing renewable energy systems
Participation in the cuGreenLoan program is a benefit of NJUCL membership. The program allows credit unions to better serve existing members, generate new lending opportunities and attract potential new members. For more information on various growth opportunities within your credit union, please contact David Frankil at 800-792-8816 ext. 106 or firstname.lastname@example.org at the New Jersey Credit Union League.
Consumers are only eligible for the cuGreenLoan program under the following gas utility provider for their homes: PSE&G and Elizabethtown Gas.
PSE&G and Elizabeth Gas consumers can visit www.cugreenloans.org to apply.