City of Lauderhill - Revolving Loan Program

Program City of Lauderhill - Revolving Loan Program
Category Financial Incentive
Implementing sector Local
Last Update
State Florida
Administrator City of Lauderhill
Website http://www.lauderhill-fl.gov/news-events/interest-free-loans
Technologies Solar Water Heat, Solar Photovoltaics
Sectors Residential

The City of Lauderhill offers insterst free loans for EnergyStar appliances through a municipal revolving loan program. Loans from $400 to $2,000 are available to homeowners purchasing new Energy Star certified appliances from eligible retailers. Tankless water heaters, solar photovoltaic systems and solar water heating systems are also eligible for the loan program. Loan funds must be repaid within a two year period. Eligibility will be determined within 10 business days.

Loan funds are made payable directly to the retailer within a week of the time the final loan documents are signed. A check will be made payable to retailer, must have quote or invoice from retailer with name of retailer and address. For Solar Powered Systems, the check will be made payable to the contractor with a 10% holdback. The holdback check will be released upon submittal of a Completion Certificate signed by both the borrower and the contractor and copies of all required city permits (if applicable). Any costs in excess of the contractors bid/quote will be the customer’s responsibility.

Loan applications are available through the program web site.

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