The water heater in the Flores family’s El Cajon home was inefficient, taking too long to provide enough hot water for their family’s needs, which added to their monthly utility bills. They knew they needed to make a change, so Jesse Flores took action through the Residential Energy Efficiency Loan (REEL) program, which is designed to help California homeowners and renters access affordable financing for energy efficiency projects.
To save energy and more efficiently distribute water throughout their home, a REEL contractor recommended a tankless water heater. During the initial walk-through, they discovered energy-efficiency upgrades that would be beneficial – like a new furnace, smart thermostat and heat pump.
The REEL program allowed the Flores family to make all these upgrades and stay within their monthly budget. “The affordable monthly payments really helped. We made more home improvements than we originally planned, which improved the efficiency and comfort of our home,” Jesse Flores said.
What Can REEL Financing Do For You?
With REEL, you can finance a wide range of energy upgrades, from heating and air conditioning to windows and insulation. Plus, up to 30% of your loan can go to non-energy upgrades such as kitchen cabinets to new flooring. REEL accepts a wide range of credit scores and incomes, has no closing cost or origination fees, and offers affordable monthly payments.
You can learn more about the Residential Energy Efficiency Loan program and find a participating contractor at sdge.com/reel.