Austin Energy - Residential Energy Efficiency Loan Program (Texas)
Last modified on February 12, 2015.
Financial Incentive Program
|Name||Austin Energy - Residential Energy Efficiency Loan Program|
|Incentive Type||Utility Loan Program|
|Applicable Sector||Multi-Family Residential, Residential|
|Eligible Technologies||Building Insulation, Caulking/Weather-stripping, Central Air conditioners, Duct/Air sealing, Heat pumps, Windows, Radiant Barriers|
|Energy Category||Energy Efficiency Incentive Programs|
|Amount|| Minimum Loan: $1,500
|Maximum Incentive|| Option One: $15,000|
Option Two: $15,000
|Terms|| Rate: 0% - 6.0%|
Repayment: up to 10 years
|Program Administrator||Austin Energy|
Austin Energy offers three types of loans to residential customers to finance energy efficient improvements in eligible homes. The "Home Energy Improvements Loan" (Option One) can be used to complete suggested weatherization measures, conduct duct testing and improve duct systems, and upgrade HVAC systems. The minimum loan is $1,500 and the maximum loan is $15,000 for single-family homes and duplexes. Terms vary depending on the length of the loan. The "Residential Options Measures" (Option Two) loan covers HVAC replacements, duct testing and duct system improvement, insulation, window films or solar screens, and radiant barrier installations. The minimum loan is $1,500 and the maximum is $15,000 for single-family homes and duplexes. Option Three allows for a combination of several measures in one energy efficiency project. Under this loan offering, the minimum loan is $1,500 and the maximum loan is $20,000. Loan forms can be found on the program web site listed or by following links provided here. Note: residential customers can utilize either rebate programs or loan programs, not both.
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 (Option #3), or apply online at www.velocitycu.com.
|Contact Name||Customer Care Center|
|Address||721 Barton Springs|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.