Cedar Falls Utilities - Energy Conservation Loan Program (Iowa)

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Summary

Last modified on October 6, 2012.

Financial Incentive Program

Place Iowa

Name Cedar Falls Utilities - Energy Conservation Loan Program
Incentive Type Utility Loan Program
Applicable Sector Residential
Eligible Technologies Furnaces, Heat pumps, Central Air conditioners, Building Insulation, Motor VFDs, Geothermal Heat Pumps
Active Incentive No

Implementing Sector Utility
Energy Category Energy Efficiency Incentive Programs
Amount up to 10,000















Maximum Incentive 10,000
10,000









Terms Rate: 0%
Repayment: One year per 1,000 borrowed (84 loan payment added to monthly utility bill)
Program Administrator Cedar Falls Utilities
Website http://www.cfu.net/energy_conservation_loans.php
Date added to DSIRE 2009-07-01
Last DSIRE Review 2010-01-08



References DSIRE[1]


Summary

The process for acquiring a zero interest loan with CFU begins with inviting a CFU energy specialist to visit the customer's home to identify potential energy savings and collect data to determine the optimum size for any new heating or cooling equipment that may be needed. Customers should get estimates from the vendor of their choice, collect documentation, and deliver it to CFU

Qualifying credit is required for all loans. For loan amounts of $3,000 or more, CFU will refer the application to a local bank for underwriting. After approval notification, the vendor or contractor may complete the project. Customers will then present the final bill to CFU, which will prepare a promissory note and disburse the funds. Loan funds will be disbursed directly to the vendor or to reimburse project costs paid by the borrower and documented with vendor receipts.

Equipment purchased with the loan must meet the following requirements: Gas furnaces - 90% efficient or more with a variable speed DC blower motor. Central Air Conditioner - minimum 14 SEER. Air Source Heat Pump - minimum 15 SEER and 8.0 HSPF, two-stage units. Variable Speed Air Handler - equipped with an ECM motor. Boiler - natural gas-fired - AFUE of 92% or more. Ground source heat pump - minimum 14 SEER rating and COP 3.0 or greater. Insulation - Professionally installed and appropriate for the home’s construction.


Incentive Contact

Contact Name Cedar Falls Utilities Energy Services
Department Cedar Falls Utilities

Address P.O. Box 769

Place Cedar Falls, Iowa
Zip/Postal Code 50613
Phone (319) 268-5255


Email cfu@cfunet.net
Website http://www.cfu.net/save_energy
     
     

  • Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]

References

  1. 1.0 1.1  "Database of State Incentives for Renewables and Efficiency (DSIRE)"