Home Energy Loan Program (HELP)
| Program Type | Low-interest Rate Loan |
|---|---|
| Technologies | Photovoltaics, Solar Space Heat, Solar Hot Water Heating, Geothermal and other renewables |
| Amount | Half a loan for a five-year period subsidized. The department will cover up to $6,000 of the loan. |
| Required Documentation | Application and approval from financing institution |
| Official Web Site | http://dnr.louisiana.gov/sec/execdiv/techasmt/programs/residential/help/index.htm |
Louisiana’s HELP program allows homeowners to obtain a five-year loan to improve the energy efficiency of their home, which can include adding PV and other renewables, according to the Database of State Incentives for Renewables and Energy Efficiency.
Under the program, the Louisiana Department of Natural Resources subsidizes half of the financing for energy efficient home improvements at a low interest rate to participating lenders. The department will subsidize up to $6,000. However, each participating lender determines the maximum amount it will loan and the interest rate they will charge.
Homeowners can qualify for HELP loans by choosing from a list of pre-approved energy improvements, or they can have an energy rating performed on their home by a Home Energy Rebate Option (HERO) energy rater. The department said, “All recommendations of the energy rating are eligible for financing under the program. The cost of the energy rating may be financed as part of the loan.” However, participating in the HELP program means that recipients can’t also participate in the HERO program.
