Finance Your Energy Project

Energy-efficiency upgrades to your home can can help save 20% or more in utility bills and our AlabamaWISE program makes improving your home easy, affordable, and smart. We partner with Redstone Federal Credit Union (RFCU) to offer homeowners a 1% financing loan, up to $15,000, over 24 months. Energy efficiency improvements can include projects such as window replacement, HVAC installation and servicing, water heating, insulation maintenance, repair & replacement, duct work repairs, and air sealing that are all completed by our certified and approved contractors. Also includes a home energy audit, which is a scientific tool that identifies your home’s unique energy usage, and provide our unbiased advice on energy saving options unique to your home. As a non-profit and your local energy-efficient experts, we just want to educate you on your home’s energy efficiency and improvement options – regardless if you proceed forward with us for your home improvements or not.

• LOWER ENERGY COSTS: Energy-efficiency upgrades to your home can can help save 20% or more in utility bills!
• HOME ENERGY AUDIT: a scientific tool that identifies your home’s unique energy usage – good AND bad – and the first step to a lower utility bill, reducing your energy consumption, and resolving comfort issues.
• HOME IMPROVEMENT RECOMMENDATIONS: Get unbiased advice on energy saving options unique to your home. As a non-profit, we just want to educate you on your home’s energy efficiency and improvement options – regardless if you proceed forward with us for your home improvements or not.
• SAVE TIME: Get one quote & one bill from us for all the energy updates you choose instead from multiple contractors.
• SAVE MONEY: Identify the exact areas where energy is wasted before making huge financial decisions.
• LOW-COST FINANCING: take advantage of lower financing costs and get your home improvements done now.
• TRAINED CONTRACTORS: we work with multiple certified & experienced contractors with a proven track history of quality work.
• Home Performance with ENERGY STAR CERTIFICATE: Based upon your energy efficiency upgrades, receive the Department of Energy’s Gold or Silver Home Performance with ENERGY STAR certificate and improve your home’s resale value!
• YEAR ‘ROUND COMFORT: Experience a cleaner, healthier environment with fresher air and fewer drafts!
• HELP PROTECT ENVIRONMENT: Reduce greenhouse gases
• INCREASE ENERGY SAVINGS: Improvements implementations will increase energy savings for 10 years.

*If you are already working with a contractor, please contact us to verify they are a participating AlabamaWISE Service Provider. 

Available to homeowners across Alabama who meet the following criteria:

1. Minimum credit score of 660
2. Approved AlabamaWISE energy efficiency project on home
3. Member of Redstone Federal Credit Union or part of one of their Membership Partners.

To apply for an AlabamaWISE home energy loan, potential borrowers must complete an AlabamaWISE loan application along with a non-refundable $100 administrative loan processing fee check payment made payable to Nexus Energy Center. Please submit completed AlabamaWISE loan application, all required items listed below in Step #1 and $100 check payment to:
Nexus Energy Center, 320 Production Ave., Madison, AL 35758

STEP 1: Homeowners(s) complete an ALWISE loan application and include the following information for EACH applicant:

1. Copy of Alabama Driver’s License
2. Proof of minimum 660 credit score within the past 90 days
3. Proof of stated income within loan application (i.e. most recent paystub, tax returns, etc.)
4. Proof that Borrower is a Redstone Federal Credit Union Member and/or part of one of their Community Service Groups. Borrower can also open new RFCU account with approval of loan.

STEP 2: Nexus Energy Center will communicate Loan Decline or Approval to Borrower with additional instructions on next steps.

1.  If approved, Nexus Energy Center will send confirmation to the Borrower.

STEP 3: Home Energy Audit is completed.

1. Once AlabamaWISE loan application is approved, Nexus Energy Center will schedule a home energy audit convenient to Borrower’s schedule before any work is done on home.
2. Once completed, Nexus Energy Center will send customized unique home energy audit report along with energy-efficiency recommendations to the Borrower for review.

STEP 4: Borrower selects total home energy projects.

1. Once Borrower selects one or more home energy projects, Nexus Energy Center will confirm total home energy projects and AlabamaWISE loan amount with Borrower.
2. Nexus Energy Center will coordinate selected home energy project(s) with Contractor(s) convenient to Borrower’s schedule.

STEP 5: Contractor performs work to Borrower’s satisfaction.

1. Once all work on home is completed, Contractor will complete a Certificate of Completion with signature from Borrower and send to Nexus Energy Center with invoices.

STEP 6: AlabamaWISE loan application process is finalized.

1. RFCU will email the Borrower RFCU Loan Application for Borrower to complete (a $20 loan processing fee will be added and included within total loan amount).
2. RFCU sends Loan Origination information to Borrower (principle, terms, fees, monthly payment processing, etc…).

STEP 7: Home Performance with Energy Star Certificate.

1. Nexus Energy Center is the only authorized Home Performance with Energy Star organization in Alabama. Once steps 1-6 are completed, Nexus Energy Center will review new home energy updates.
2. Nexus Energy Center will issue a Home Performance with Energy Star Bronze or Silver certificate to Borrower based upon new home energy updates meeting program requirements.