Cohousing-L Mailing List: Re: Green construction financing in New England?

[Stuart Joseph (stuart]

Becky,
Do you have a backup heating system in case you don't get any sun? If 
you do, I would tell the bank and the appraiser that that is the primary 
heating system and that the solar is additional.

If you don't have a back up system, ask them what would constitute a 
minimal decent primary heating system in their opinion and see what it 
would cost.

You could also approach them with things like pellet stoves, wood 
stoves, gas wall heater- there are lots of possibilities.

You could always install it and never use it, in which case, you would 
not have to pay for fuel, just the installation.

IMHO, a back up system is always a good idea, especially with solar, one 
never knows when there won't be any sun, especially in a New England 
winter. <grin>

Becky Weaver wrote:
> Hi everybody,
>
> Can anyone refer me to lenders in New England
> (specifically, Maine) who do construction
> loans/mortgages on energy efficient/alternative energy
> homes? 
>
> We are building a small house in rural Maine. Its
> primary heat source is solar energy, stored as heat in
> a solar closet. Our conventional lender isn't liking
> that too much, and their appraiser's having a hard
> time with it as well. 
>
> I'm thinking that if anybody in our region is capable
> of financing a project like this, someone on this list
> knows who they are. 
>
> Thanks in advance,
>
> Becky Weaver
> Kaleidoscope Village, Austin, Texas
> (and Brooks, Maine)
>
>
>
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--
Stuart Joseph, 802-463-1954
Project Director
Caer Coburn, a traditional village based upon cohousing  and intentional 
communities in
Rockingham, Vermont, USA
http://www.caercoburn.org
Mail to:
36 Front St.
Bellows Falls, VT 05101 USA