EFFICIENCY RESOURCES

What is On-Bill Financing?

Utility on-bill financing programs provide utility customers an additional way to financing energy efficiency upgrades at their property. These programs help customers to invest in energy efficiency upgrades for various equipment. At the moment, Spire is the only investor-owned utility in the state of Missouri that offers an on-bill financing program to customers to help them finance energy savings.

 

These kinds of programs provide customers with an additional opportunity to get access to energy savings and can create local jobs. Many of our utilities are currently evaluating on-bill financing and similar kinds of programs to help increase access to energy efficiency upgrades.

Utility Programs

Spire

Insulation Financing Summary

You can find all of the program details at this link or below – Insulation Financing Summary

Eligibility

  • Residential Customers only, including landlord renting to a residential customer
  • Unless landlord, applicant must reside in home to be improved
  • Applicant must own or purchasing home to be improved
  • Installations 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
    • Attic ventilation
    • Caulking and weather-stripping
    • Storm doors and storm windows
  • Energy audit by certified energy auditor (does not have R-38 insulation installation requirement)

Terms

  • Maximum loan per home is $5,000. No minimum loan amount
  • Maximum loan per duplex $10,000, triplex $15,000, fourplex $20,000
  • Interest rate 3%
  • Five-year maximum re-payment period
  • Monthly loan charges on SPIRE gas bill
  • Internal credit requirements for all applicants
    • No more than thirty days’ arrears
    • Within the past 12 months:
      • No service disconnected for non-payment
      • No submission of un-honored checks
      • Received no more than four delinquent notices
  • If the Applicant has been a SPIRE customer for less than twelve months, a commercial credit report must show open credit and timely meeting of payments to qualify.
  • External (Equifax) credit requirements for applicants requesting a loan amount greater than $1,000 and a Minimum Beacon score of 650.

Eligibility

You can find all program details below or at this link – EnergyWise Financing Summary

  • Residential and Small Commercial Customers are eligible
  • Applicant must own or be purchasing a structure to receive installations
  • Installations can only be completed by members of SPIRE Natural Gas Contractor program

Qualifications

  • Finances purchase and installation of certain energy efficiency and conservation improvements
  • Natural gas furnace with minimum 92% AFUE
  • Natural gas space heating boiler with minimum 90% AFUE
  • Above furnace or boiler plus a natural gas air conditioner or electric air conditioner with minimum 14 SEER. No financing of electric air conditioners without gas furnace or boiler.
  • Above furnace or boiler plus an additional energy efficient natural gas appliance
  • Natural gas tank water heater with minimum .67 EF, .64 UEF or .90 TE
  • Natural gas tankless water heater with minimum .82 EF or .80 UEF
  • Natural gas integrated space and water heating tank system with minimum .90 AFUE
  • Natural gas integrated space and water heating tankless system with minimum .82 EF or .80 UEF
  • Energy audit by certified energy auditor provided any of the above equipment is purchased and installed
  • No financing of heat pumps

Terms

  • Maximum loan per home is $15,000. No minimum loan amount
  • Maximum four systems per customer with maximum loan of $60,000
  • Interest rate one point over prime
  • Seven-year maximum re-payment period
  • Monthly loan charges on SPIRE gas bill
  • Internal credit requirements for all applicants:
    • No more than thirty days’ arrears
    • Within the 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 commercial credit report must show open credit and timely meeting of payments
  • External (Equifax) credit requirements for applicants requesting a loan amount greater than $1,000 and Minimum Beacon score 650