Residential Customers only, including landlord renting to residential customer Unless landlord, applicant must reside in home to be improved
Applicant must own or purchase home to be improved
nstallations can only be completed by members of SPIRE Natural Gas Contractor program
Improvements can be made to single family, duplex, triplex, fourplex or mobile home
Qualifications
Eligible home energy conservation improvements must include, where feasible, increase in attic/ceiling insulation level to minimum R-38. But also, may then add:
Attic, floor, wall, and duct insulation
Duct sealing o Attic ventilation
Caulking and weather-stripping
Storm doors and storm windows
Energy audit by certified energy auditor (does not have R-38 insulation installation requirements)
Terms
Maximum loan per home is $5,000. No minimum loan amounts
Maximum loan per duplex $10,000, triplex $15,000, fourplex $20,000
Interest rate 3%
Five-year maximum re-payment period with no prepayment penalty • Monthly loan charges on your Spire gas bill
Internal credit requirements for all applicants
No more than thirty days’ arrears
Within past 12 months,
No service disconnected for non-payment
No submission of un-honored checks
Received no more than four delinquent notices
If applicant SPIRE customer less than twelve months, a credit report must show open credit and history of on time payments
External (Equifax) credit requirements for applicants requesting loan amount $1,000 or greater
Minimum Credit score 650
Application and credit report must meet Spire's loan eligibility requirements
One qualifying applicant per household required
All homeowners must sign the loan documents and the applicant must be financially responsible on the Spire account
Loan approval good for sixty days. Installations must be completed, and all required documentation submitted to Spire within 60 days of Spire credit approval
If loan amount is over $1,000, Spire will file a lien on the property. The lien will be released by Spire when loan is paid in full.
