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Financing Needs of Homeowners &
           Contractors
                Adam Stenftenagel – Snugg Home
Colorado Retrofit Working Group

   Contractor Survey
         Presented by:

      Adam Stenftenagel

         Principal
       Snugg Home
    www.SnuggHome.com
• Created to help solve the complicated
  puzzle of home energy retrofits
• “We do the work for you”
• OptiMiser: More accurate
  recommendations, estimates & ROI
• We bring it all together in one place: Audit,
  Financing, Contractor, Quality Assurance
Contractor Survey

• Residential Retrofit Working Group created to
  identify the barriers in the retrofit industry in
  Colorado
• We needed to hear from contractors:
   • Current capacity
   • Interest in scaling up
   • Needs in order to scale up
• Financing topped the list
Contractor Survey

• Survey created by RRWG Finance and
  Contractor Committees
• Conducted from June 7 to June 21, 2010
• Sent to contractors from:
   • Energy Efficiency Building Coalition (EEBC)
   • Boulder Green Building Guild (BGBG)
   • Efficiency First
   • Preferred contractor list from Xcel’s Energy
     Audit program.
• 86 total responses (50 completed survey)
Summary

• A diversity of small to mid-size firms are
  performing home energy retrofit work
• 95% of them want to grow
• 42% have not applied for a business loan
• More than ½ that have applied did not get the
  loan or are pending
• 62% of contractors feel that homeowner
  financing is a barrier to their success
Summary

• There is a large, unsatisfied demand for
  business loans to contractors and retrofit loans
  for homeowners.

• We’ve seen what the growth figures look like
  for the Energy Efficiency Industry today.

• Financing is the crucial component to making
  this happen.
For more information about this
    survey, please contact:

       Adam Stenftenagel
           Principal
         Snugg Home

     adam@snugghome.com
         720-663-7836
      www.SnuggHome.com

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Colorado Energy Finance Summit: Adam Stenftenagel, Snugg Home

  • 1. Financing Needs of Homeowners & Contractors Adam Stenftenagel – Snugg Home
  • 2. Colorado Retrofit Working Group Contractor Survey Presented by: Adam Stenftenagel Principal Snugg Home www.SnuggHome.com
  • 3. • Created to help solve the complicated puzzle of home energy retrofits • “We do the work for you” • OptiMiser: More accurate recommendations, estimates & ROI • We bring it all together in one place: Audit, Financing, Contractor, Quality Assurance
  • 4. Contractor Survey • Residential Retrofit Working Group created to identify the barriers in the retrofit industry in Colorado • We needed to hear from contractors: • Current capacity • Interest in scaling up • Needs in order to scale up • Financing topped the list
  • 5. Contractor Survey • Survey created by RRWG Finance and Contractor Committees • Conducted from June 7 to June 21, 2010 • Sent to contractors from: • Energy Efficiency Building Coalition (EEBC) • Boulder Green Building Guild (BGBG) • Efficiency First • Preferred contractor list from Xcel’s Energy Audit program. • 86 total responses (50 completed survey)
  • 6.
  • 7.
  • 8.
  • 9.
  • 10.
  • 11.
  • 12.
  • 13.
  • 14. Summary • A diversity of small to mid-size firms are performing home energy retrofit work • 95% of them want to grow • 42% have not applied for a business loan • More than ½ that have applied did not get the loan or are pending • 62% of contractors feel that homeowner financing is a barrier to their success
  • 15. Summary • There is a large, unsatisfied demand for business loans to contractors and retrofit loans for homeowners. • We’ve seen what the growth figures look like for the Energy Efficiency Industry today. • Financing is the crucial component to making this happen.
  • 16. For more information about this survey, please contact: Adam Stenftenagel Principal Snugg Home adam@snugghome.com 720-663-7836 www.SnuggHome.com