Seattle City Light

Eligibility

• Offered to Seattle City Light customers.
• To assist in our loan decision, we may assess the last 12 months of your utility payments.
• Property must be owner-occupied.
• Detached single-family homes as well as condominiums, townhomes, manufactured homes, and small multifamily properties are eligible.
• Eligible measures include:
  - Energy efficiency improvements such as a heat pump or window replacement
  - Critical repairs.
  Ask your lender if you have questions about eligibility.

Rates & Terms

• Finance up to 100 percent of eligible energy efficiency measures up to a maximum loan amount of $50,000.
• No up-front loan fees or prepayment penalties.

Details

• Convenient repayment through your utility bill.
• You may also be able to finance critical repairs required in order to undertake an eligible energy efficiency project.
• Additional program or utility incentives may be available. Your contractor can determine eligibility.

* APR, Annual Percentage Rate based on example loan criteria.
** The area median income (AMI) is the household income for the median household in a region. AMI is based on HUD Income Limits, See Income Limits | HUD USER and Section 8 Income Limits or more information.
*** Maximum loan amount is $25,000 for Loans not secured by a UCC-1A filing.
Loan availability, terms, and conditions current as of 1/1/23 and are subject to change. Examples include financing of loan fees and a $200 recording fee, where applicable. All loan applications are subject to credit, property, and project approval. Maximum loan amount and Loan to Value apply and are subject to equity value and underwriting requirements for all programs. Applicants must be a customer of a listed participating utility. Loans that are secured by a UCC-1A filing will be recorded with the county. Subordination may be available with lender approval, fees may apply. Principal balance and interest are due on sale, transfer, refinance, or maturity. Due to Home Energy Loan funding sources, financed projects may require a cultural resource and historic preservation review. If a designation is made, the property owner will be responsible for costs incurred.
+ Critical repairs could include mold abatement; asbestos removal; leak repairs, including relevant wall and floor replacement; roof repair/replacement; rodent/pest removal and prevention; electrical upgrades including panel replacement; and air quality improvement.