Solar Water Heater Loan Program
| Program Type | Local Loan Program |
|---|---|
| Technologies | Solar Hot Water Heating |
| Amount | Up to 100 percent of equipment and labor costs |
| Required Documentation | Loan application from website |
| Official Web Site | http://www.kysolar.org |
Low-interest loans for solar water heaters are available for residents of Eastern Kentucky through the Kentucky Solar Partnership and the Mountain Association for Community Economic Development (MACED). These loans cover the complete cost of equipment and labor, as well as the cost of a site assessment to determine if a solar water heater is suitable for your home.
Typically, a solar water heater costs about $4,000 to $6,500 to install, but can save you between $150 to $400 each year. Any collector installed must be certified by the Solar Rating and Certification Corporation, and typically, a 5 percent down payment is required for approved loans.
Contact MACED to find out what types of flexible loan terms are available.
