Energy efficiency financing
SMUD loan program ending
As of November 1, 2021, SMUD will no longer offer financing on energy efficiency upgrade projects. We’re exploring alternative financing options with third-party partners and will share that information as it becomes available. Thank you for continuing to support SMUD’s rebates and our goal to be 100% carbon-free by 2030.
Projects installed and/or documentation submitted after the dates noted above will be ineligible for SMUD financing.
A smart choice
Homeowners can pre-qualify for easy and affordable SMUD financing on energy efficient equipment upgrades that can save thousands of dollars over the life of the loan. You won’t find any mysterious interest charges, origination costs or pre-payment fees that are common with many home improvement loans. The person applying:
- must be the same person as recorded in the county clerk recorder’s office on the property's grant deed.
- must be the same person who holds the electric utility account.
- cannot have a security freeze on their consumer credit report records.
How to prequalify
To prequalify, call our Loan team at 916-732-6533 or Loansupport@smud.org.
The last day to request a loan pre-qualification is Friday, October 1, 2021.
|6.99% fixed rate 15-year term||7.75% (or higher on 25-year term)|
|Pre-payment fee||None||Amount determined by remaining loan term|
|Closing costs||None||Can be $700 (or more)|
|Origination fee||None||Usually 3% of amount financed|
|Equity requirement||None||As much as 15%|
|Annual fee||None||Averages $35|
|Recording fee||None||As much as $95|