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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