Climate First Bank

🖥 Your quick reference guide to all Climate First Bank financing options. Perfect for fast and accurate proposals.

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Application Platform: Enerflo (integrated)

Design Platform: Enerflo - Aerialytic

Property Types 🏘️🌞

Duplexes	✔️
Triplexes	✔️
1-4 Unit Multifamily Homes	✔️
Condos	✔️
Townhomes	✔️
Vacation Homes	✔️
Secondary Homes	✔️
Farms/Agricultural Land	❌
Investment Properties	❌
5+ Unit Multifamily Homes	❌
Roof must be owned, not shared	✔️
Mulitiple System Financing	❌
Add-On* (see notes)	✔️
Ground Mount	✔️

Pricing Details 💰

Minimum amount	$ 10.000
Maximum amount (total)	$ 350.000
Price Per Watt (PPW) Cap	✅Solar Only: $3.75/W (Does not include the cost of approved adders)

Customer Requirements 👤

Borrower must be a resident	✔️
Minimum FICO requirement	680
Reporting bureau	Equifax
Initial credit verification	Soft
Income Verification	Income verification is required on every application. Acceptable documents include: • Most recently filed tax return • Most recent W-2 • Last two pay stubs
Co-signer allowed?	Yes
Credit Freeze	The freeze would need to be lifted prior to applying.
Reverse Mortgage	❌
DTI	DTI is evaluated. Maximum debt-to-income ratio of 50% for residential loans.
ITIN (Individual Taxpayer Identification Number)	❌

Roofing Information 🏠

There are no restrictions on roof types.

Credit Extension 📊

Credit Expires	45 days after credit approval
Allows Extension	Yes
Extension Expires	45 days after credit approval
Max Number of Extensions

Debt Requirments 📋

Bankruptcies	🚫 3-year lookback
Foreclosure	N/A

Funding Details 💸

First Payment Date	Monthly payment will begin in month 7 after receiving NTP.
NTP (Notice to Proceed) Timeline	20-25 business days.
Funding Timeline	• 50% of project cost - after permits and engineering plans / customer approval • Remaining 50% - after installation, passed inspection & PTO / customer approval
M1 Commission By Equity Solar	✔️
Loan Transferability	❌

Contract & Verification Process ✍️

Spanish Agreement?	❌
Welcome Call	❌
Cancellation Policy Timeline	If a customer cancels after Notice to Proceed (NTP), they are responsible for the $1,125 loan origination fee, plus applicable state documentary stamp fees.

Utility Companies 🔌

FPL	✔️
Duke	✔️
City of Bartow Electric	✔️
City of Mount Dora	✔️
City of Vero Beach	✔️
Clay Electric Cooperative Inc	✔️
JEA	✔️
Kissimmee Utility Authority	✔️
Lakeland Electric	✔️
Lee County Electric Coop Inc	✔️
SECO	✔️
TECO	✔️
Glades	✔️
Withlacoochee	✔️
City Of Winter Park	✔️
FPUA	✔️
Orlando Utilities Commission	✔️

 

📞 Financial institution contact information: