The Home Energy Loan is a low-interest loan that can be used for energy efficiency improvements on your home like heat pumps, efficient heating systems and hot water heaters, air sealing, insulation, renewables, and more. Funds can also be used on important health and safety repairs to your home. Loans are available up to $20,000 and could finance 100% of your project with interest rates between 0% and 6.99% (depending on income and loan term). The Home Energy Loan can be processed in as little as two business days with loan terms up to 15 years. The Home Energy Loan is an Efficiency Vermont program with funds made available through VSECU, Opportunities Credit Union, and NeighborWorks of Western Vermont.
Who Should Apply:
Anyone! Anyone can apply for the Home Energy Loan, but interest rates will be different depending on your income and loan term length. Look at the chart below for the interest rate breakdown:
|Household Income Qualifications||Up to 5 years||Between 5 and 10 years||Between 10 and 15 years|
|Between $60,000 and $90,000||0%||2.99%||3.99%|
How to Apply:
If this program sounds right for you and you’re ready to apply, connect with a contractor from Efficiency Vermont’s Efficiency Excellence Network:
When you’ve found the right contractor and they’ve put together a work scope and price quote for the project, have them fill out the project verification form below:
When you have your contractor’s work scope, price quote, and project verification form, you can send all of those off to one of the lenders below:
If you have questions about the program, your application, or any of the participating lenders above, don’t hesitate to call Efficiency Vermont’s Customer Support Line!
Efficiency Vermont’s Customer Support Line:
If you would like a little bit more information about Efficiency Vermont or their Home Energy Loan program before you call, you can visit their website at the button below: