Home Energy Loan Program (Minnesota)
Last modified on February 12, 2015.
Financial Incentive Program
|Name||Home Energy Loan Program|
|Incentive Type||State Loan Program|
|Eligible Technologies||Boilers, Building Insulation, Central Air conditioners, Custom/Others pending approval, Doors, Duct/Air sealing, Furnaces, Lighting, Water Heaters, Windows|
|Energy Category||Energy Efficiency Incentive Programs|
|Amount||Varies by improvements|
|Maximum Incentive|| 2.99% fixed interest rate: $10,000|
4.99% fixed interest rate: $20,000
|Terms|| 2.99% fixed interest rate: 12-60 month loan term|
4.99% fixed interest rate: 37-120 month loan term
|Program Administrator||Center for Energy and Environment|
|Date added to DSIRE||2005-07-01|
|Last DSIRE Review||2013-07-30|
| Last Substantive Modification
to Summary by DSIRE
The Home Energy Loan Program is a statewide program of the Minnesota Housing Finance Agency administered by the Center for Energy and Environment Financial Resources. It offers low interest loans to homeowners who want to make energy improvements to their properties. Eligible improvements include water heaters, furnaces, air conditioners, building insulation, windows, and doors. Custom improvements may be eligible as determined by the program administrator.
The property should be single-family (1-4 units) residential, but up to 49% of the residence can be used for business. Eligible property must have been built prior to May 1, 1989. There is no maximum annual household income limit, but borrowers must own the property or be purchasing it through mortgage or contract for deed.
|Contact Name||Stephen Hines|
|Department||Center for Energy and Environment|
|Address||212 3rd Ave North|
|Address 2||Suite 560|
|Phone 2||(855) 296-5626|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.