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:
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.