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Finance a New HVAC System

An investment in a new air conditioner and heating system is one of the largest ones you will make as a homeowner. When your system eventually fails or performs so poorly that you have to replace it, you’ll need to make a decision about how to pay for it. Below are several options for you to choose from to help make this easier:

FortiFi

This is a PACE program lending tool. FortiFi partners with local governments to bring you low cost financing that gets repaid through your property tax bill. The financing can be used for improvements that are good for the environment and save you money on your utility bills, like replacing your HVAC system. The benefits are that most properties qualify, 100% financing, ZERO money down, and NOT based on credit score.

Ygrene

Ygrene is the leading provider of PACE financing in the Greater Sacramento Area. Some of the key points to know are that HVAC projects are 100% eligible, no money down, and not based on credit score. The only requirements are that you must be current on your property taxes, been on time on your mortgage payments, and if you have had a bankruptcy, you must be 24 months removed from it.

Watch a 2 minute video on the program.

Synchrony

Synchrony Car Care Card Image

Promotional Financing through Synchrony.
Synchrony is one of the nation’s premier consumer financial services companies. Our roots in consumer finance trace back to 1932, and today we are the largest provider of private label credit cards in the United States based on purchase volume and receivables.
  • A simple application process, and fast credit decisions
  • Unsecured, revolving credit lines
  • Promotional financing options1
  • Convenient monthly payment options
  • Online account management
1Subject to credit approval. Minimum monthly payments required. See store for details.
For all promotions: Qualifying purchase must be made with your Home Design credit card issued by Synchrony Bank and a $29 account activation fee will apply and be charged at the time first purchase posts to account. For new accounts: Purchase APR is 26.99%; Minimum Monthly Interest Charge is $2. Existing cardholders should see their credit card agreement for their applicable terms. Subject to credit approval.
Green Sky Financing

GreenSky, like Synchrony, gives us another palette of options and rates, and a little more flexibility when it comes to the type of equipment you will be financing. Sometimes one is better than the other, so it’s best to explore all options and select the one that fits YOUR exact needs and situation.

Turns Financing Services

Turns Financing specializes in what is known as “second look” financing, meaning, that if your credit is not that great, then you still have a chance to utilize their program. While Synchrony and GreenSky typically target FICO credit scores of 620 and above, Turns has their “sweet-spot” with scores from around 550 – 620. When it comes to financing, as we have said before, it’s better to have all the options laid out in front of you and to choose what makes sense for YOU.

SMUD

If you live in the service area of SMUD you are eligible to use this option. It’s a fixed rate loan at 6.99%. That’s a pretty good rate, which has held up at that number even though the Federal Government has raised interest rates several times recently. For now, it’s still 6.99%. Most customers that choose this option select a ten year term for the loan.