Dec 15 2020
FAQs About Financing
If your HVAC system is more than 20 years old, it may be time to replace it. But replacing a furnace, water heater, or air conditioner is expensive, and may be too big of a cost for your family to absorb right now. At Van Drunen Heating & Air Conditioning, we offer financing for a number of HVAC upgrades. Here are some answers to a few frequently asked questions that we get about financing – to learn more, please reach out to us directly:
What Types of Upgrades Are Eligible for Financing?
We offer 100 percent financing as part of the Illinois Energy Efficiency Program. In order to qualify for financing under this program, an improvement must meet certain energy efficiency standards, such as Energy Star® standards. The main types of HVAC system improvements that you can use the financing for include hot water boilers, steam boilers, and furnaces.
What Are the Loan Terms?
Through the Illinois Energy Efficiency Program, those who are eligible for financing can receive a loan at a 4.99 percent fixed rate. Loans can vary in size from as small as $500 to up to $20,000. There are no fees for the loan, and the repayment period is up to 10 years. Additionally, no home equity is required and new homeowners are eligible.
Am I Eligible for Financing from Van Drunen Heating & Air Conditioning?
In order to qualify for financing, you must own the home, apartment, or condo in which the equipment will be placed and, if you are in a condo or multi-family building, there must be no more than four units in the building. You must also be installing qualified equipment, as discussed above, and you must be able to show that you have the ability to repay the loan and have good credit.
How Can I Apply for Financing?
Applying for financing is easy! You can apply using the link on our website. The application is 100 percent online.
Can I Finance the Entire Cost of an Upgrade!
Yes – 100 percent financing is available for eligible upgrades!
Learn More About Financing from Van Drunen Heating & Air Conditioning Today
We know that affordable financing is an important part of updating your HVAC system and making energy-efficiency upgrades. If you have questions about financing, eligibility, or how you can make your home more energy-efficient, please don’t hesitate to reach out to our team directly. We have over 50 years’ experience serving home and business owners throughout Illinois and Indiana and can answer all of your questions about financing, furnaces, water heaters, and HVAC systems.