City of Shreveport – Shreveport Energy Efficiency Program (SEED) (Louisiana)
Last modified on February 12, 2015.
Financial Incentive Program
|Additional Place applies to||City of Shreveport|
|Name||City of Shreveport – Shreveport Energy Efficiency Program (SEED) (Louisiana)|
|Incentive Type||Local Loan Program|
|Eligible Technologies||Building Insulation, Central Air conditioners, Comprehensive Measures/Whole Building, Duct/Air sealing, Heat pumps, Lighting, Windows, Solar Screens|
|Energy Category||Energy Efficiency Incentive Programs, Renewable Energy Incentive Programs|
|Amount||Varies by building type, up to $2,000|
|Funding Source||U.S. Department of Energy|
|Maximum Incentive|| Existing Residential: Up to $2,000 per building
New Construction Residential: Up to $2,000 per building Energy Audit flat rate of $100
|Terms|| Applicants to existing or new construction must meet Home Energy Rebate Option (HERO) audit and installation measure and performance requirements.
Applicants must be within the City of Shreveport's municipal boundaries.
|Last DSIRE Review||2012-09-25|
| Last Substantive Modification
to Summary by DSIRE
The Shreveport Energy Efficiency (SEED) program, offered by the City of Shreveport, is intended to complement and enhance the existing Louisiana Home Energy Rebate Option (HERO) program. SEED offers professional energy audit buy-downs and low-interest loans for qualifying retrofits of residential buildings. These incentives are intended to assist in raising program awareness, applicant participation, and diminish costs for improvements.
The SEED program decreases the major cost of the energy audit to Shreveport residents. Energy Audit procedures are performed by the HERO program. Measures which may be eligible for an incentive include air duct improvements, ceiling insulation, building envelope improvements and HVAC replacements.
Low-interest loan parameters based upon principal borrowed*:
- $3,000 - $6,000: Unsecured, Max 48 months with 2.9% interest to borrower
- $6,001 - $9,000: Agreement not to encumber, Max 84 months with 4.99% interest to borrower
- $9,001 - $15,000: First or second mortgage with max loan to value 100%, max 120 months with 5.49% interest to borrower
*Other factors may weigh into the calculation of interest rates. Please contact the SEED program lending partner to personalized rates.
|Contact Name||Tracey Graham|
|Department||Shreveport Energy Efficiency Division|
|Address||505 Travis Street|
|Address 2||Suite 300|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.