Can Dollar and Energy Saving Loans finance siding and roof repairs on homes?
Neither siding or roofs on homes, in themselves, can be financed with the Energy Office’s loans. However, either of these improvements can be included in an insulation project if a required level of insulation is added to the wall (for siding) or the attic (for a roof). If R-10 or more insulation is being added to an exterior wall and the siding is necessary to protect the insulation from weather damage, then siding can be included with the insulation project. If R-30 or more insulation is being added to a ceiling or attic and the existing roof needs to be repaired or replaced to protect the new insulation, then the roofing costs can be included with the insulation project. If the roof is not currently leaking, then the roofing project cannot be financed by the Energy Office. Any insurance payments received by the borrower for roof repairs must be deducted from the cost of the project. If only insulation is being added to a building, then just Form 2 needs to be completed. If a siding
