Solar & Battery Regulation & Incentive Programs

Columbia Water & Light - Home Performance with ENERGY STAR Loan

Program Overview


Category:
Financial Incentive
Program Type:
Loan Program
Implementing Sector:
Utility
State:
Missouri
Eligible Storage Technologies:
Solar Water Heat, Solar Space Heat, Water Heaters, Furnaces, Heat pumps, Air conditioners, Duct/Air sealing, Windows, Comprehensive Measures/Whole Building, Other EE
Website:
http://www.columbiapowerpartners.com/commercial/commercial-energy-efficiency-loans/
Maximum Loan:
$30,000
Loan Term:
Up to 10 years
Requires cost-effective insulation levels and a detailed building assessment from a Certified Home Performance Contractor.
Interest Rate:
Up to 3 years: 1%
4 to 5 years: 3%
6 to 10 years: 5%
Administrator:
Columbia Water & Light
Applicable Sectors:
Residential
Utility:
City of Columbia
Last Updated:
06/04/2020

Summary

The Columbia Water & Light (CWL) Home Performance with ENERGY STAR program allows Columbia residents to finance energy efficiency improvements to homes with affordable, low-interest loans with terms up to 10 years. If a CWL customer has a good credit history and owns an eligible home, loans can be used to install insulation, heating and cooling systems, solar water heating and solar space heating systems, and other eligible efficiency technologies.

The program involves several steps. First, a CLW certified contractor conducts a Home Performance with ENERGY STAR assessment, which provides information to the homeowner on cost-effective ways to improve the home's energy efficiency. The homeowner then completes and submits a loan application. Improvements may be started once the loan is approved. Once projects are completed, CWL staff will conduct a post-inspection.