Winter
weather is here. It’s time to insulate your home and replace that old boiler or
furnace before the cold winds snap your energy budget.
Thanks
to a grant from the Saint Paul STAR program, the Neighborhood Energy Connection
now offers the Energy Smart Homes deferred loan program for Saint Paul
homeowners and landlords. The loan helps pay for efficient energy improvements.
There is no minimum or maximum income requirement to participate.
Energy
Smart Homes is a zero interest deferred loan. No payments are ever made and no
interest is added to the principal. The original principal comes due in 15 years,
or when the borrower sells their home or refinances their mortgage and takes
cash back.
Borrowers
can cover from 50% to the entire cost of their energy projects using an Energy
Smart Homes loan, but they must match the financing 1:1. The match can be
covered with cash, with other financing (the NEC has several safe and flexible
financing options or can refer you to other programs), or with payment toward
other qualified home improvements.
Energy
Smart Homes loans can be used to purchase and install attic and wall
insulation, air sealing, and for furnace/boiler replacement. Minimum efficiency
standards apply.
Get
started today. The nonprofit Neighborhood Energy Connection looks forward to
helping you with your project and ensuring that you receive all applicable
utility rebates and other incentives. Step one is to call LeAnne at the NEC:
651.221.4462 x132, or email leannek@thenec.org. Program details available
at the Neighborhood Energy Connection website: www.TheNEC.org.
Energy
Smart Homes is made possible with funds from the Saint Paul STAR program.
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