State loan program for energy efficiency
| Program Type | Low-interest Loan Program |
|---|---|
| Technologies | Equipment, insulation, water heaters, furnaces, programmable thermostats, caulking and weather-stripping, windows and doors |
| Amount | $1,000 to $15,000 |
| Required Documentation | Program application |
| Official Web Site | http://www.wyomingcda.com/index.php?option=com_content&task=view&... |
The Wyoming Community Development Authority offers low-interest loans of 4 percent per anum for 180 months or 3 percent deferred simple interest, payable upon transfer of property for energy efficieny upgrades.
Homeowners with an income of 80 percent of the median for the area are eligible for the 4 percent amortized loan. Those who make 50 percent or less of the median income qualify for the 3 percent deferred interest payment.
The program only applies to energy retrofits on existing homes. There could be instances where the loan could be used for a solar or solar-assisted gas hot water heater if its replacing a less efficient water heater.
There is a total of $2 million budgeted for the program.
