Austin Energy offers two types of loans for residential customers to finance solar energy systems in eligible homes:
Terms for Austin Energy solar loans are 3, 5, 7, or 10 years. All work must be done by a program-approved contractor.
For loan pre-approval with Austin Energy's financing partner, customers can contact Velocity Credit Union.
| Implementing Sector: | Utility |
| Category: | Financial Incentive |
| State: | Texas |
| Incentive Type: | Loan Program |
| Web Site: | http://bit.ly/1AR7ogC |
| Administrator: | Austin Energy |
| Start Date: | |
| Eligible Renewable/Other Technologies: |
|
| Maximum Loan: |
Solar Water Heating (Single Family): $5,000 Solar Water Heating (Duplexes): $10,000 Solar PV: $20,000 |
| Loan Term: | Repayment: up to 10 years |
| Interest Rate: |
Solar Water Heating Rate: 0% - 2.0% Solar PV Rate: Market Rate Credit scores of 639 or below will carry an additional 2.0% interest rate. |
| Technologies: | Solar Water Heat |
| Sectors: | Residential |
| Parameters: | The incentive has a minimum of $5000.00 |
| Technologies: | Solar Water Heat |
| Sectors: | Multifamily Residential |
| Parameters: | The incentive has a minimum of $10000.00 |
| 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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