Solar & Battery Regulation & Incentive Programs

EnergySpark Home Loan

Program Overview


Category:
Financial Incentive
Program Type:
Loan Program
Implementing Sector:
State
State:
Washington
Eligible Storage Technologies:
Comprehensive Measures/Whole Building, Custom/Others pending approval
Website:
http://www.wshfc.org/EnergySpark/index.htm
Loan Term:
30 years
Interest Rate:
0.25% interest rate reduction
Applicable Sectors:
Low Income Residential
Last Updated:
12/10/2020

Summary

The Washington State Housing Finance Commission (WSHFC) is offering reduced interest rates on loans for qualified buyers of energy efficient homes. Homes must be new construction exceeding Washington state energy standards by 15% or more, or existing homes that have been upgraded to reduce energy use by 10% or more. 

To qualify for the program, home buyers must have household income under $145,000 and a credit score of at least 620.

The EnergySpark program works with WSHFC's Home Advantage Loan program, and provides qualified buyers a 0.25% interest rate reduction on their home loan. Interested participants must also attend a homebuyer-seminar sponsored by WSHFC prior to receiving funding. Loans are provided through participating lenders, and those receiving an EnergySpark loan may also qualify for down payment assistance.