Energy Savers Loan

The Wyoming Community Development Authority (WCDA) offers low-interest loans to income qualified homeowners for energy efficient home retrofits. Homeowners who have an income of less than 80% of the area median income (by family size and county) are eligible for amortized loans with an interest rate of 4% per annum for up to 180 months. Homeowners who have an income of less than 50% of the area median income are eligible for the amortized loan described above or may choose a deferred loan with a simple interest rate of 3%. The deferred loan is payable upon the transfer or sale of the property, or when the property ceases to be the borrower's primary residence. Loan amounts may range from a minimum of $1,000 up to a maximum of $15,000 for either option.

This program is only available for retrofits of existing homes that are the borrower's primary residence. A variety of different energy efficiency measures may be funded by loans, including: furnace replacement; ceiling insulation; set-back or programmable thermostats; caulking; weather stripping; exterior storm windows; doors (including storm and patio doors); Energy Star water heaters and any repairs to the home that may be necessary to complete these improvements. There are no credit or loan-to-value requirements with this program; however, borrowers must be current on their mortgage payments, homeowner's insurance, and property taxes in order to qualify for a loan.

A total of $2 million in current funding is available under this program. Please consult the program website for tables of statewide income eligibility criteria. Additional questions about this program may be answered by the WCDA or participating lenders.