Solar & Battery Regulation & Incentive Programs

Home Energy Loan Program

Program Overview


Category:
Financial Incentive
Program Type:
Loan Program
Implementing Sector:
State
State:
Minnesota
Eligible Storage Technologies:
Geothermal Heat Pumps, Water Heaters, Lighting, Furnaces, Boilers, Air conditioners, Duct/Air sealing, Building Insulation, Windows, Doors, Custom/Others pending approval
Website:
http://www.mncee.org/Find-Programs-Financing/Home-Energy-Loan//
Maximum Loan:
$20,000
Loan Term:
Up to a 120 month loan term
Interest Rate:
4.99%
Administrator:
Center for Energy and Environment
Applicable Sectors:
Residential
Last Updated:
03/14/2017

Summary

The Home Energy Loan Program is a statewide program of the Minnesota Housing Finance Agency administered by the Center for Energy and Environment Financial Resources. It offers low interest loans to homeowners who want to make energy improvements to their properties. Eligible improvements include water heaters, furnaces, air conditioners, building insulation, windows, and doors. Custom improvements may be eligible as determined by the program administrator.

The property should be single-family (1-4 units) residential. There is no maximum annual household income limit. Loans are secured through a mortgage on the property.