Home Energy Loan Program (HELP) (Louisiana)
Last modified on January 5, 2015.
Financial Incentive Program
|Name||Home Energy Loan Program (HELP)|
|Incentive Type||State Loan Program|
|Eligible Technologies||Clothes Washers/Dryers, Dishwasher, Refrigerators, Lighting, Chillers, Furnaces, Boilers, Heat pumps, Central Air conditioners, Programmable Thermostats, Building Insulation, Windows, Custom/Others pending approval, Solar Water Heat, Solar Space Heat, Photovoltaics, Geothermal Heat Pumps|
|Energy Category||Renewable Energy Incentive Programs, Energy Efficiency Incentive Programs|
|Amount||50% of loan amount subsidized by LA DNR|
|Maximum Incentive||6,000 from LA DNR|
|Terms||5-year maximum term|
|Program Administrator||Louisiana Department of Natural Resources|
The Home Energy Loan Program (HELP), administered by the Louisiana Department of Natural Resources (DNR), allows homeowners to get a five-year loan to improve the energy efficiency of their existing home. DNR subsidizes half of the financing for energy efficiency improvements at a low interest rate to participating lenders, up to a maximum DNR subsidy of $6,000. Each participating lender sets the maximum loan amount offered to homeowners, as well as the interest rate that is charged to the homeowner. A homeowner can qualify for an energy improvement loan in two ways – either through an energy audit in which an Energy Home Rater makes recommendations, or by choosing pre-approved home improvements as designated by the program.
In order to participate, a homeowner must contact a participating lender directly and must complete a credit application. The HELP home improvement loans may either be consumer loans or second mortgages; this is left to the discretion of the participating lender. A list of participating lenders, pre-approved home improvements and limits to participation are available on the program web site.
|Contact Name||Program Coordinator|
|Department||Louisiana Department of Natural Resources|
|Division||Energy Section, Technology Assessment Division|
|Address||617 N. 3rd Street|
|Address 2||P.O. Box 44156|
|Place||Baton Rouge, Louisiana|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.