Austin Energy offers loans for residential customers interested in energy efficiency improvement projects through its Home Energy Savings Program. The program offers a financing program through Velocity Credit Union with interest rates beginning as low as 1.99%. To qualify for a rate between 1.99% and 3.99%, the upgrades must include at least three energy efficiency measures and meet the 15-point potential energy savings criteria; upgrades that do not meet the 15-point criteria will receive the market interest rate.
Qualifying energy efficiency improvements for these loans are identical to the eligible products for the Home Energy Savings Rebate:
All work must be done by a program-approved contractor. For loan pre-approval with Austin Energy's financing partner, Velocity Credit Union, customers can call (512) 469-7060, or toll free (800) 933-2029, or apply online.
| Implementing Sector: | Utility |
| Category: | Financial Incentive |
| State: | Texas |
| Incentive Type: | Loan Program |
| Web Site: | https://savings.austinenergy.com/residential/offerings/home-improvements/home-energy-savings |
| Administrator: | Austin Energy |
| Start Date: | |
| Eligible Renewable/Other Technologies: |
|
| Maximum Loan: |
Tier 1: $1,500 - $5,000 Tier 2: $5,001 - $10,000 Tier 3: $10,000 - $20,000 |
| Loan Term: |
Tier 1: up to 60 months Tier 2: 61 - 120 months Tier 3: up to 120 months |
| Interest Rate: |
Meets 15-point potential energy savings criteria: 1.99% - 3.99% Does not meet criteria: market rate with good credit score; higher rate with lower credit scores |
| Technologies: | Heat pumps, Programmable Thermostats, Duct/Air sealing, Building Insulation, Windows, Comprehensive Measures/Whole Building, Other EE, HVAC |
| Sectors: | Residential, Multifamily Residential, Low Income Residential |
| Parameters: | The incentive has a maximum of 1.99 %, The incentive has a minimum of 3.99 %, The incentive has a maximum of $1500.00, The incentive has a minimum of $5000.00, The incentive has a minimum of 5.00 Years |
| Technologies: | Heat pumps, Programmable Thermostats, Duct/Air sealing, Building Insulation, Windows, Comprehensive Measures/Whole Building, Other EE, HVAC |
| Sectors: | Residential, Multifamily Residential, Low Income Residential |
| Parameters: | The incentive has a maximum of 1.99 %, The incentive has a minimum of 3.99 %, The incentive has a maximum of $5001.00, The incentive has a minimum of $10000.00, The incentive has a maximum of 5.00 Years, The incentive has a minimum of 10.00 Years |
| Technologies: | Heat pumps, Programmable Thermostats, Duct/Air sealing, Building Insulation, Windows, Comprehensive Measures/Whole Building, Other EE, HVAC |
| Sectors: | Residential, Multifamily Residential, Low Income Residential |
| Parameters: | The incentive has a maximum of 1.99 %, The incentive has a minimum of 3.99 %, The incentive has a maximum of $10001.00, The incentive has a minimum of $20000.00, The incentive has a minimum of 10.00 Years |
| Name: | Austin Energy - Customer Care Center |
| Organization: | Austin Energy |
| Address: |
721 Barton Springs Austin TX 78704-1194 |
| Phone: | (512) 974-7827 |
| Email: | custinfo@austinenergy.com |
| Name: | Velocity Credit Union |
| Organization: | Velocity Credit Union |
| Address: |
P.O. Box 1089 Austin TX 78767 |
| Phone: | (512) 469-7000 |
This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.
Copyright © 2025 EnergyBot • All rights reserved.
1601 Bryan St Suite 900, Dallas, TX 75201
