Low Interest Loans up to $35,000 for Energy Home Improvements

The Neighborhood Energy Connection offers secured, low-interest loans for qualified energy efficiency and renewable energy improvements to Minnesota residences. Loans are available for single family homes, duplexes, and quads with household incomes below $91,300, in amounts ranging from $2,000 – $35,000. Loan repayment terms vary from 1 to 20 years according the amount of the loan at a fixed interest rate of 6.00%. Most costs of this financing offer can be rolled into the loan with out-of-pocket costs generally not exceeding $200. In order to be eligible for a loan, qualified homeowners must contact the NEC to schedule an energy audit. The actual improvements undertaken are up to the homeowner, but financed projects must include at least one of the recommendations made by the auditor. Contact: Neighborhood Energy Connection, 624 Selby Avenue, Saint Paul , MN 55104; 651-221-4462 Ext.132; Fax: 651-221-9831; http://www.thenec.org/energy_financing/index.php?strWebAction=article_detail&intArticleID=222

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