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What makes the Sealed payment program different?

Our payment program isn’t like cash or a loan. It’s better.

Our payment program isn’t like cash or a loan. It’s better.

For years, if you wanted to pay for home improvements, you were limited to paying cash or going with a credit card or home equity loan.

We didn’t think that was good enough—and we wanted to offer built-in accountability—so we came up with a better option: the Sealed payment program

Rather than having to pay for the work upfront, Sealed covers most or all of your out-of-pocket costs. (You decide how much you’d prefer to pay upfront, if anything.)

If you save energy afterwards, your energy savings help pay us back. 

And if you don’t save energy? We take the financial hit. Simple as that.

In this article, we’ll explain more about our program and why it’s better than cash or a loan.

Paying for home improvements the old way

Before Sealed, you only had about five options to choose from to pay for big home energy and comfort improvements:

  1. Personal credit cards
  2. Personal lines of credit from your bank
  3. Home equity loans
  4. Home equity lines of credit
  5. Cash

Personal credit cards

A personal credit card offers immediate access to money. 

But interest rates can be 20% or higher for new accounts (1). And the credit card company can’t fix it if the work goes sideways or doesn’t have the impact you hoped. 

You spent the money, and now you have to repay the credit card company—whether the upgrades work or not.

Personal lines of credit from your bank

Another option is a personal line of credit from your bank.

Interest rates on these loans are typically lower than a credit card—about 10.7% on average if you have good credit (2). But if you have a lower credit score, watch out. Some rates go up to a whopping 32% interest! (3)

And don’t forget that some personal lines of credit require loan origination fees, which can fall between 1% and 8% of your total line of credit (4).

Similarly to a credit card, you won’t have any protections if the work is shoddy or incomplete. 

Home equity loans

Many homeowners also consider home equity loans as a way to pay for home energy and comfort upgrades. 

And average interest rates for home equity loans—about 7.7%—tend to be significantly lower than the average credit card interest rate (5). 

Even if the interest rates tend to be lower for home equity loans, those aren’t your only financing costs. You need to cover closing costs, too. And again, some loans come with penalties if you pay them off early.

But ultimately (again), there is no accountability if your improvements don’t work or are done incorrectly. You took out the loan, and you’re responsible for paying it back.

Some loans come with high closing costs and penalties if you pay them off early.

Home equity lines of credit

A home equity line of credit (HELOC) is another traditional route to financing a big home improvement project, and interest rates usually are fairly similar (but a little higher) than home equity loans, averaging about 7.9% in 2022 (6). 

This type of financing also can come with closing costs or origination fees of about 2% to 5%, and annual fees that can get up to $100 or more (7, 8).

You could pay for penalties if you pay it off early (depending on the financial product you choose)…. and—once more, just as a reminder—there’s absolutely no accountability if the upgrades are done incorrectly.

The really difference between our program and cash or loans is accountability.

Cash

Paying cash, of course, means no interest, closing costs, origination fees, or annual fees. (Hooray!)

Plus, with cash, there are no early payment penalties because you’ve already paid for everything. (Another bonus, of course.)

But not everyone has cash laying around to upgrade their home, and not everyone wants to drain their bank accounts, either… that’s why all these different financing options exist, after all.

And cash won’t do anything to help guarantee the quality of the work. Once the money’s gone, it’s gone—you won’t be able to access those funds for anything else that comes up. 

Cash won’t do anything to help guarantee the quality of the work. Once the money’s gone, it’s gone.

What makes the Sealed payment program different?

The big difference between our payment program and cash or traditional loans is accountability

We designed it that way on purpose.

Our customers pay us back if their home upgrades save them energy—but if they don’t? 

That’s on us. We take on the risk.

If you choose to work with Sealed, you’ll pay us back based on the results we deliver. If Sealed upgrades don’t perform, we’ll take the financial hit, so there’s zero risk to you.

We know it’s our job to make sure we deliver measurable results. And we believe we should only get paid if we succeed. 

This accountability not only gives you peace of mind as a homeowner, but it’s also good for our customers and our communities. 

Reducing energy waste, helping you have a healthy, comfortable home, and lowering the carbon footprint of your neighborhood is why we do what we do, after all!

We are environmentalists, so Sealed really fits our ideals.

Stuart B., Sealed customer

With Sealed, your monthly energy waste goes down while your overall comfort goes up.

The money you used to spend on energy waste each month is now reinvested into the comfort and health of your household and the efficiency of your home. 

We pay the upfront costs for your home energy and comfort improvements, and you pay back little by little each month for the cost of the work—plus a little extra to help us keep the lights on.

But of course, that’s if the work done, well, works and cuts your energy waste. 

Got questions? Still curious?

We work to keep things simple and transparent every step of the way.

Our team is happy to walk you through the payment program in detail. 

If I don’t have to spend any extra money to get a huge improvement to my home, it’s just a no brainer at that point.


Scott. R, Sealed customer

A better way of paying for home improvement: The Sealed program is it!

Give us a call today at 917-905-3788

We love helping homeowners save energy and live more comfortably in a healthier home. 

And we’d love to help you too. See if your house qualifies to work with Sealed.

April 4, 2020