Residential Energy Efficiency Loan

Your home, but better. Energy efficiency upgrades, like installing new windows, sealing leaky ducts or updating to an efficient heating and cooling system, can make a big difference in your home’s comfort and your monthly bills.

Reduced Energy Bills are in Your Future

Improving your home’s energy efficiency can help you save money on your utility bills for years to come. 

REEL is a program developed by the State of California to help residents finance energy improvements. Upgrades, like installing new windows, sealing leaky ducts or updating to an efficient heating and cooling system, can make a big difference in your home’s comfort and your monthly bills. If your home and project meet the qualifications below, a Residential Energy Efficiency Loan (REEL) from California Coast might be the right fit for your needs.

Note: REEL financing does not cover solar projects.

REEL Loan Benefits:
  • Loan amounts from $2,500 up to $50,000
  • Terms from 30 months to 15 years
  • Rates as low as 3.48% APR2
  • Decisions within 24 hours (instant approval for qualified borrowers)
  • Offered to all California residents with no membership fees required3
Qualifications:
  • Your contractor must be listed as a REEL Qualified Contractor as of the project start date. If your preferred contractor is not listed, ask your contractor to visit gogreenfinancing.com to find out how to enroll as a REEL Qualified Contractor.1
  • You may upgrade a single-family home, townhome, condo, duplex, triplex, fourplex, or manufactured home. Up to 4 residential units may be renovated using a single REEL loan.
  • Property must receive gas and/or electric services from San Diego Gas & Electric, Pacific Gas & Electric, Southern California Gas or Southern California Edison.
  • 70% of the loan must be eligible for Energy Efficiency Measures (EEEMs) approved by the State of California, such as heating and cooling, insulation, air sealing, lighting or dual pane windows. 
  • The remaining 30% of the loan can finance other home improvements, such as landscaping, painting, water efficiency, or electric energy savings measures if your electricity provider is not listed above.

For more information call (858) 495-1637 or email energy@calcoastcu.org. For additional information on the REEL program, please visit gogreenfinancing.com.

You May Also Like These Loan Options

Signature Loan

Signature loans are a great solution for home improvement projects, debt consolidation, unexpected bills, medical procedures, auto repairs and more.

Home Equity Line of Credit

Access your home’s equity in a revolving credit line that can be used over and over — and over again. 

Home Equity Loans 

You've worked hard to build the equity in your home, now let it work for you and your family with a Cal Coast Home Equity Loan. 

  1. CCCU does not endorse or encourage the product or services. CCCU urges you to do your own due diligence on the vendor and its product/service.
  2. APR = Annual Percentage Rate. Rates are accurate as of 10/01/2020. Rates and terms are subject to change without notice. Visit calcoastcu.org or visit one of our branch locations for details on rates, fees, and minimum balance requirements. Membership and credit subject to approval. Serving everyone who lives or works in San Diego or Riverside counties. A one-time $5 membership fee and savings account required. Restrictions apply. 
  3. $5 California Coast membership fee waived for REEL financing applicants.

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