New Caixa program finances solar energy for low-income families.

The Brazilian Federal Savings Bank (Caixa Econômica Federal) has begun allowing the financing of solar energy systems in the homes of low-income families through the Reforma Casa Brasil Program. This initiative, launched in November of this year, is part of a social housing improvement policy, with credit lines aimed at renovating urban properties.

In addition to the installation of photovoltaic systems, the program allows the financing resources to be used for structural repairs, room expansions, electrical and plumbing upgrades, among other improvements. Families with a gross monthly income of up to R$ 9.600,00 can participate, with values ​​of financing which vary according to the beneficiary's profile and the type of work.

The funds can be used for both basic renovations and improvements aimed at energy efficiency, such as power generation. solar energyAccess is through the agencies of CEF and the institution's digital channels, subject to credit analysis.

Who can participate?

To obtain financing, you need:

• Residing in an urban area;
• To have a gross monthly family income of up to R$ 9.600;
• To have your credit assessment approved.

The house can participate even if:

• Not having a deed to the property;
• Whether rented or given away;
• Don't be part of the "My House, My Life" program.

The property can be residential (where the family lives) or mixed-use (also used as a workspace), as long as it is not located in an area with:

• Recurring history of flooding, inundation, flash floods, or landslides;
• Cracks in the ground;
• Presence of frequent risk alert systems;
• Civil Defense guidelines for evacuation;
• Near rivers, springs, lakes, streams or reservoirs;
• Within a park, reserve, native forest, or surrounded by dense forest or woodland;
• In an area subject to an environmental embargo or fine;
• Close to highways, railways, and train lines;
• Under or beside high-voltage transmission lines or towers;
• Near viaducts, bridges, or large public structures.

Values, interest and term

Loan amounts range from R$ 5.000,00 to R$ 30.000,00, with repayment terms between 24 and 60 installments. Interest rates vary according to income bracket: families with a gross monthly income of up to R$ 3.200,00 pay 1,17% per month, while those with incomes between R$ 3.201,00 and R$ 9.600,00 have an interest rate of 1,95% per month.

How does financing work?

After completing the simulation on the program's website, the interested party must follow the steps below:

1. Answer the questions about the house;
2. Choose up to three services from the available list;
3. Please specify the required amount;
4. Update your registration information;
5. Awaiting credit analysis;
6. Take photos of the property (“before”);
7. Receive 90% of the loan amount;
8. Start payment after 30 days;
9. Complete the work within 55 days;
10. Send photos of the renovation ("after");
11. Receive the remaining 10% of the amount.

Installments are recalculated after full payment. If the work is not verified, the final balance will not be released and a penalty will be applied to the loan amount.

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