Modesto Irrigation District - Residential High Efficiency Air Conditioning Loan Program (California)

From Open Energy Information

Summary

Last modified on September 25, 2013.

Financial Incentive Program

Place California


Name Modesto Irrigation District - Residential High Efficiency Air Conditioning Loan Program
Incentive Type Utility Loan Program
Applicable Sector Residential
Eligible Technologies Central Air conditioners, Heat pumps
Active Incentive No
Implementing Sector Utility
Energy Category Energy Efficiency Incentive Programs
Amount not specified








Maximum Incentive Loan Maximum: not specified





Terms Rate: 9.90% APR
Repayment: up to 12 years
Program Administrator Energy Management Department
Website http://www.egia.org/DesktopDefault.aspx?VendorID=67&TabID=463


References DSIRE[1]


Summary

The Modesto Irrigation District (MID) High Efficiency Air Conditioning Loan Program provides financing for the installation of qualified central air conditioning and heat pumps. MID has partnered with the Electric and Gas Industries Association (EGIA) to administer this financing program and to work with participating HVAC contractors.

Participating HVAC contractors offer customers receiving utility service from MID unsecured energy efficiency financing at interest rates as low as 9.90% APR. Financing is available only through local air conditioning contractors certified by EGIA and approved by MID for this program. For a list of contractors customers can visit the EGIA web site. The terms of the loan can be negotiated up to 12 years, and there is no down payment and no prepayment penalties.

MID also offers a $250 rebate for energy efficient air conditioners and heat pumps. Customers may choose between the financing program and the rebate program. Customers who chose to finance an air conditioning unit through MID are not eligible for the air conditioning rebate.

<metadesc> Modesto Irrigation District - Residential High Efficiency Air Conditioning Loan Program: energy incentive program. </metadesc>

Incentive Contact

Contact Name Modesto Irrigation District
Department Energy Management Department
Address 1231 11th Street
Address 2 PO Box 4060
Place Modesto, California
Zip/Postal Code 95352-4060
Phone (800) 304-5373
Phone 2 (209) 526-7339
Email energyservices@mid.org
Website http://www.mid.org
Contact Name EGIA
Department Electric and Gas Industries Association
Address 3800 Watt Ave.
Address 2 Suite 105
Place Sacramento, California
Zip/Postal Code 95821
Phone (866) 367-3442 Ext:324
Phone 2 (916) 609-5300


Website http://www.egia.org

















  • 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)"