City of Lauderhill - Revolving Loan Program (Florida)

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Summary

Last modified on December 17, 2014.

Financial Incentive Program

Place Florida

Name City of Lauderhill - Revolving Loan Program
Incentive Type Local Loan Program
Applicable Sector Residential
Eligible Technologies Clothes Washers/Dryers, Dishwasher, Refrigerators, Central Air conditioners, Solar Water Heat, Photovoltaics, Tankless Water Heaters
Active Incentive Yes

Implementing Sector Local
Energy Category Renewable Energy Incentive Programs, Energy Efficiency Incentive Programs
Amount Minimum of 400















Maximum Incentive 2,500









Terms no more than 2 years; zero interest
Program Administrator City of Lauderhill
Website http://www.lauderhill-fl.gov/news-events/interest-free-loans
Date added to DSIRE 2012-07-13
Last DSIRE Review 2014-11-25



References DSIREDatabase of State Incentives for Renewables and Efficiency[1]


Summary

The City of Lauderhill offers insterst free loans for EnergyStar appliances through a municipal revolving loan program. Loans from $400 to $2,000 are available to homeowners purchasing new Energy Star certified appliances from eligible retailers. Tankless water heaters, solar photovoltaic systems and solar water heating systems are also eligible for the loan program. Loan funds must be repaid within a two year period. Eligibility will be determined within 10 business days.


Loan funds are made payable directly to the retailer within a week of the time the final loan documents are signed. A check will be made payable to retailer, must have quote or invoice from retailer with name of retailer and address. For Solar Powered Systems, the check will be made payable to the contractor with a 10% holdback. The holdback check will be released upon submittal of a Completion Certificate signed by both the borrower and the contractor and copies of all required city permits (if applicable). Any costs in excess of the contractors bid/quote will be the customer’s responsibility.


Loan applications are available through the program web site.


Incentive Contact

Contact Name Jane Sullivan
Department City of Lauderhill

Address 5581 W. Oakland Park Blvd.

Place Lauderhill, Florida
Zip/Postal Code 33313



Email sullivan@lauderhill-fl.gov

     
     


  • 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"