| Program | Austin Energy - Home Energy Savings Loan Program |
|---|---|
| Category | Financial Incentive |
| Implementing sector | Utility |
| Last Update | |
| State | Texas |
| Administrator | Austin Energy |
| Website | https://savings.austinenergy.com/residential/offerings/home-improvements/home-e… |
| Sectors | Residential |
Austin Energy offers loans for residential customers interested in energy efficiency improvement projects through its Home Energy Savings Program. The program offers a financing program through Velocity Credit Union with interest rates beginning as low as 1.99%. To qualify for a rate between 1.99% and 3.99%, the upgrades must include at least three energy efficiency measures and meet the 15-point potential energy savings criteria; upgrades that do not meet the 15-point criteria will receive the market interest rate.
Qualifying energy efficiency improvements for these loans are identical to the eligible products for the Home Energy Savings Rebate:
- Air infiltration and duct sealing
- Total external static pressure
- Duct replacement/insulation
- Duct system performance improvement
- Attic insulation to R38
- Fan cover
- Solar screens/solar film on single pane windows
- External combustion air
- Insulated box for pull-down stairs
- Additional attic access
- Improve supply and/or return plenum
- Install eligible smart thermostat
- Supply grilles
- Return air grilles
- AC tune up
- Deep pleated media filters
- ENERGY STAR-rated heat pump water heater
- Central split AC
- Mini-split AC
- Heat pumps
- Heat pump mini-split systems
All work must be done by a program-approved contractor. For loan pre-approval with Austin Energy's financing partner, Velocity Credit Union, customers can call (512) 469-7060, or toll free (800) 933-2029, or apply online.
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