The Home Energy Loan Program (HELP) is offered by the Cayman Islands Development Bank (“CIDB”) to help you improve your home’s energy efficiency and save money.
HELP offers low interest loans to homeowners who are interested in improving the energy and water efficiency of their home. Through HELP, the CIDB will provide the funding required to complete the improvements and the homeowner will repay the CIDB over time via low monthly instalments.
As a homeowner, you may qualify for a low interest loan through HELP if:
a) Complete a Pre-Application. The CIDB will confirm your eligibility and let you know the maximum funding available to you. b) If your home is subject to a mortgage, the CIDB will provide you with a personalized letter and form for you to give to your mortgage lender. Your mortgage lender’s written consent is required before you proceed to Step 2.
You are required to submit a detailed quote providing labour and material costs from 2 licensed contractors.