The Financing Process
Financing and rebate processing for the Ky Home Performance Program (KHP) are being provided by AFC First (AFC).
The first 1,000 customers to participate in the KHP program are eligible for a $150 rebate toward the cost of the whole-house energy evaluation. The service provider will assist the homeowner with rebate
forms. The homeowner or service provider may print the rebate disclosure and return it to the KHP rebate processor and lender, AFC within 30 days with a paid receipt or invoice. The rebate is issued directly
to the customer. (The evaluation must be paid for in full before the rebate may be acquired, and the rebate may not exceed the cost of evaluation).
Step 1 The homeowner will then apply for financing with the KHP lender
with AFC through the Green Energy Compass (at KYHomePerfomance.org) and will receive conditional financing approval, typically within 30 to 60 minutes. (The service provider is informed at same time.)
Step 2 The service provider will then submit a Specification Sheet, supporting documentation, and a signed customer Proposal/Estimate
Step 3 The customer submits any required information to AFC for loan financing.
Step 4 AFC will then review the proposed qualifying improvements to ensure they meet KHP standards and review loan approval and
terms with customer. Loan documents are then sent (via mail or e-mail) to either the homeowner or to the service provider for delivery to customer.
Step 5 The service provider will complete the work and the homeowner will submit loan documents including a customer-signed Certificate
of Completion to AFC. The service provider can help the homeowner with this, if needed.
Step 6 AFC will obtain a verbal confirmation from the customer for final approval.
Step 7 Upon completion of the work a quality assurance inspection and evaluation will be scheduled by the service provider with
a KHP third-party quality assurance provider.
Step 8 Upon satisfactory completion of a third-party quality assurance evaluation and receipt of signed loan documents, the service
provider will be paid directly by AFC loan proceeds.
Step 9 The homeowner will then receive their first monthly statement from AFC’s loan servicer with the first payment due 30 days
from date that AFC payment was made to service provider.
AFC First Contacts
JENNIFER COHEN KY Program Manager firstname.lastname@example.org (610) 973-2697
KEN YEAGER VP Business Development email@example.com (410) 641-5170