EnergySpark
Welcome to the greenest home loan program from the Commission. EnergySpark is designed to work hand-in-hand with our Home Advantage loan and downpayment assistance
Homebuyers Who May Qualify
Household income under $180,000
Purchasing either: A new home that exceeds Washington state energy standards by at least 15%, OR An older home that can be upgraded for 10% energy savings over its current use.
Homebuyers Save Two Ways
A. The Mortgage Rate and Downpayment:
Borrowers who buy an energy-efficient home or make upgrades to an existing home at the time of purchase save 1/4 percent on their interest rate. Plus, they still qualify for our downpayment assistance.
B. The Utility Bill:
Utilities are among the hidden costs of homeownership. The more efficient the house, the more money saved.
Buy a house. Save energy, Save money. It’s that simple.
Program Requirements
To be eligible for EnergySpark, you must purchase:
New Construction
NEEM/Energy Star Homes ®, LEED ® for Home & National Green Building Standards Silver, Gold or Platinum, Department of Energy Zero Energy Ready Home, Passive House, and Built Green ® 3, 4, or 5 Star Certification
Existing Construction
Work with your lender to make improvements (per underlying mortgage guidelines*) that improve home’s efficiency by at least 10% based on a Pre & Post Energy Audit. *Subject to lender approval.
Homebuyer Education
Energy Assessment
An energy assessment, or audit, tells you how energy efficient a home is and what improvements might make it more efficient. The energy auditor conducts tests on the home’s major systems and provides a detailed report as well as recommendations. An energy assessment is required for homebuyers using EnergySpark to purchase an existing home.
