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Texas

Texas

Incentives/Policies for Energy Efficiency

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Austin Energy - Residential Energy Efficiency Loan Program   

Last DSIRE Review: 02/14/2013
Program Overview:
State: Texas
Incentive Type: Utility Loan Program
Eligible Efficiency Technologies: Heat pumps, Central Air conditioners, Caulking/Weather-stripping, Duct/Air sealing, Building Insulation, Windows, Radiant Barriers
Applicable Sectors: Residential, Multi-Family Residential
Amount:Minimum Loan: $1,500
Maximum Incentive:Option One: $15,000
Option Two: $15,000
Option Three: $20,000
Terms:Rate: 0% - 6.0%
Repayment: up to 10 years
Web Site: http://www.austinenergy.com/Energy%20Efficiency/Programs/Loans/Re...
Summary:

Austin Energy offers three types of loans to residential customers to finance energy efficient improvements in eligible homes. The "Home Energy Improvements Loan" (Option One) can be used to complete suggested weatherization measures, conduct duct testing and improve duct systems, and upgrade HVAC systems. The minimum loan is $1,500 and the maximum loan is $15,000 for single-family homes and duplexes. Terms vary depending on the length of the loan. The "Residential Options Measures" (Option Two) loan covers HVAC replacements, duct testing and duct system improvement, insulation, window films or solar screens, and radiant barrier installations. The minimum loan is $1,500 and the maximum  is $15,000 for single-family homes and duplexes. Option Three allows for a combination of several measures in one energy efficiency project. Under this loan offering, the minimum loan is $1,500 and the maximum loan is $20,000. Loan forms can be found on the program web site listed or by following links provided here. Note: residential customers can utilize either rebate programs or loan programs, not both.

All work must be done by a program-approved contractor. For loan pre-approval with Austin Energy's financing partner, Velocity Credit Union, customers can call (512) 469-7060, or toll free (800) 933-2029 (Option #3), or apply online at www.velocitycu.com.

 


 
Contact:
  Customer Care Center
Austin Energy
721 Barton Springs
Austin, TX 78704-1194
Phone: (512) 974-7827
Fax: (512) 482-5450
E-Mail: custinfo@austinenergy.com
Web Site: http://www.austinenergy.com/index.htm
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Disclaimer: The information presented on the DSIRE web site provides an unofficial overview of financial incentives and other policies. It does not constitute professional tax advice or other professional financial guidance, and it should not be used as the only source of information when making purchasing decisions, investment decisions or tax decisions, or when executing other binding agreements. Please refer to the individual contact provided below each summary to verify that a specific financial incentive or other policy applies to your project.

While the DSIRE staff strives to provide the best information possible, the DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. make no representations or warranties, either express or implied, concerning the accuracy, completeness, reliability or suitability of the information. The DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. disclaim all liability of any kind arising out of your use or misuse of the information contained or referenced on DSIRE Web pages.

Copyright 2013 - 2014 North Carolina State University, under NREL Subcontract No. XEU-0-99515-01. Permission granted only for personal or educational use, or for use by or on behalf of the U.S. government. North Carolina State University prohibits the unauthorized display, reproduction, sale, and/or distribution of all or portions of the content of the Database of State Incentives for Renewables and Efficiency (DSIRE) without prior, written consent.