New Equipment Installations Financed With NEIF Energyplus Loans

Home improvements can be expensive – but installing high-efficiency heating and cooling systems in the North Shore can pay big dividends by saving you up to 30 percent on your monthly energy bills, making your home more resilient in extreme weather and improving your home’s livability year-round.

Simply put, upgrading your furnace, boiler, or air conditioner is an investment. But how do you fund that investment?

If you qualify, the National Energy Improvement Fund can help.

As a proud NEIF partner and approved NEIF contractor, Holden Oil can help you take full advantage of the home improvements that NEIF financing supports.

What is NEIF?

Here are some questions and answers about the NEIF. Have more? Contact us today.

• How does it work? NEIF loans provide 100 percent financing, offering an instant credit decision and an easy, paperless process to ensure the work is done to your satisfaction. All installations are performed by Holden Oil specialists.
• What are the terms? Loans are made with fixed rate financing with clear terms; there is no lien on your home or improvement and no hidden costs. Pay off the loan at any time or pay extra monthly without penalty.
• Who is eligible? – All homeowners who are making qualifying improvements to their primary residence or vacation home (1 to 4 unit on permanent foundation). Good credit and the ability to repay are required. All income levels are eligible.
• What improvements qualify? – National Energy Improvement Fund’s EnergyPlus Loan is for energy, resiliency and other improvements to your home. Additional work can be part of the financed project if at least 50 percent of the improvements include such equipment as:
  • Air conditioning (Central) – Any efficiency rating
  • Water heaters – All Fuels – Any efficiency rating
  • Furnaces and boilers – All Fuels – Any efficiency rating
  • Heat Pumps – Any efficiency rating
  • Tank removal and replacement

  For a complete list of covered improvements, see the NEIF website.

1. What are the interest rates for NEIF loans? Fixed interest rates range from 7.99% to 12.99% APR based on your credit. Here is a sample payment estimate for $7,500 loan:*
   • 3 Years – $241/month
   • 5 Years – $159/month
   • 10 Years – $99/month

   * Payment estimates based on 9.99% APR. All loans are made directly to you by National Energy Improvement Fund, LLC for work performed by NEIF-Approved Contractors. NEIF is an equal opportunity lender.

2. How can I get started? To get started with your new equipment installation, contact Holden Oil today.