Will the loan payment be included on my electric bill?
Yes, loan payments will be included as a line item on your electric bill starting the first bill after issuance of the check to your Approved Installer.
Yes, loan payments will be included as a line item on your electric bill starting the first bill after issuance of the check to your Approved Installer.
This time varies depending on the length of time it takes the Approved Installer and owner to arrange for final inspection, if necessary, and provide all necessary documentation. Once FEC approves completion of the project the check will be issued within 30 days.
FEC will make final payment to the Approved Installer. If the project cost is larger than the total rebate and loan amount, the homeowner is responsible for paying the trade ally the remaining dollar amount.
After the project is completed and completion is approved by FEC.
You will be required to pay off your FEC Energy Fix Loan in full.
As long as you maintain ownership of the property, you may continue to be billed for the loan as long as you have another active residential FEC account. You will need to inform FEC of your new address so the loan can be moved to your new electric account.
Your loan will continue.
No, there are no penalties for paying off your loan early.
FEC requires a valid social security number when applying for an Energy Fix Loan.
Yes. Residential loans are capped to one property owner.