NEC renews zero-interest deferred loans for home energy projects in St. Paul
The Neighborhood Energy Connection (NEC) is again offering no-interest loans to St. Paul homeowners for home energy improvements, thanks to $250,000 NEC recently received from the City of St. Paul. The money will help extend the NEC Energy Smart Homes Program that began with federal stimulus money but ended in March 2012 when funding ran out.
The loans can cover from one half to the entire cost of an energy-efficiency project, and homeowners don’t have to make payments for 15 years or until they sell their homes or refinance. Qualified energy improvements include attic and wall insulation; air sealing; and energy efficient furnaces, boilers and water heaters. The renewed program, made possible through the St. Paul Sales Tax Revitalization Program, will operate as a revolving loan fund. More information on the Energy Smart Homes Program is available on the NEC website or by calling 651-221-4462, ext. 132.