General Inquiries About the
ClimateSmart Loan Program 

  • What is the ClimateSmart Loan Program?
  • What is a special assessment bond?
  • What has been the success of the program
  • What current or future opportunities are there to participate in new ClimateSmart programs?
  • For the 2009 and 2010 residential and commercial rounds of funding, what are the totals by eligible measure for number of participants, cost per measure, and rebates per measure?

Questions About PACE Financing
and Loan Repayment 

  • Will I be required to pay off my ClimateSmart assessment if I sell or refinance my home??
  • Are there any new developments from the federal government regarding PACE financing?
  • How do I repay my loan?
  • How do I obtain the current amount due on my ClimateSmart assessment to pay it off in full?
  • What if I want to prepay the remainder of my loan after a few years?
  • Can I still get a federal tax credit if I use ClimateSmart Loan Program financing for energy efficiency/renewable energy improvements?

Contractors Frequently Asked Questions

  • Who is eligible to do the work under this program?
  • What are the requirements for projects?
  • Who pays the contractor?
  • Can a property owner pay a deposit to the contractor and then get reimbursed later?
  • What if contractors require payment upfront for materials?
  • What projects require a building permit and inspection?
  • Where do I recycle, reuse or dispose of the materials removed during the retrofits?
  • What documents are needed in order for contractors to get paid?


The following questions were FAQs during the application processes of 2009 and 2010. Answers may provide helpful information for other communities interested in the development of similar programs:

Questions from 2009 and 2010 Participants
about Eligibility 

  • What types of improvements are eligible for loans?
  • Who is eligible to obtain financing through the ClimateSmart Loan Program?
  • Who is a good candidate for participation in the ClimateSmart Loan Program?

Questions from 2009 and 2010 about
the Loan Application Process and Schedule 

  • What is the Loan Program process?
  • Will there be application or origination fees?
  • What do I need for the application process?
  • How many bids or written estimates are required?
  • Can I use different contractors for different jobs and can I change contractors?
  • If I am a contractor can I write my project bids myself?
  • When and where will the application be available?
  • When will the interest rate be locked?
  • What is a “Not to Exceed” Estimate?

Questions from 2009 and 2010 about
Obtaining Financing & Fees 

  • When will financing become available?
  • What is the maximum amount I can borrow through this program?
  • What will the interest rate be for ClimateSmart Loan Program loans?
  • How is the interest rate set for the loans?
  • When will the interest rate be locked?
  • Will there be application or origination fees?
  • Is the loan origination fee due upfront or can it be part of the loan?
  • How will these improvements affect our property value?

Can’t find the answer to your question?
Please contact us at please call 303-441- 3492