Austin Energy offers loans for residential customers interested in energy efficiency improvement projects through two different programs, the Weatherization Assistance Program and Home Performance with Energy Star Program. The Weatherization Assistance Program offers financing at 0% interest for up to 10 years on new air conditioning systems. The Home Performance with Energy Star Program offers a financing program through Velocity Credit Union with interest rates beginning as low as 1.99%.
Qualifying energy efficiency improvements for these loans are identical to the eligible products for rebate, as seen in Austin Energy's Residential Rebate Program.
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 at www.velocitycu.com.
| Implementing Sector: | Utility |
| Category: | Financial Incentive |
| State: | Texas |
| Incentive Type: | Loan Program |
| Web Site: | https://savings.austinenergy.com/rebates/residential/offerings/home-improvements/hpwes-rebate |
| Administrator: | Austin Energy |
| Start Date: | |
| Eligible Renewable/Other Technologies: |
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| Maximum Loan: | Contact participating contractors for loan amounts. |
| Loan Term: | Repayment: Up to 10 years |
| Interest Rate: |
Home Performance with Energy Star Rate: 1.99%+ Weatherization Assistance Rate: 0% |
| Name: | Customer Care Center |
| Organization: | Austin Energy |
| Address: |
721 Barton Springs Austin TX 78704-1194 |
| Phone: | (512) 974-7827 |
| Email: | custinfo@austinenergy.com |
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.
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