Energy Efficiency Loans
We want to help our members upgrade older homes that need help to be more energy-efficient, and will loan you up to $20,000 at zero interest to make valuable improvements.
Please note: You must be an SSVEC member in good standing for a minimum of one year.
- Increase attic insulation to at least R-38
- Replace single pane windows with dual pane with a U-value of at least .58
- Replace old wood exterior doors with insulated Steel or Fiberglass doors
- Plug up all exterior penetrations to help keep outside air out.
- Help pay for an exterior siding upgrade that adds at least an R-5 insulation
If your current HVAC system is over 20 years old and you invest in $2,000 of improvements covered by our Energy Efficiency Upgrade Loan you can also upgrade your heating and cooling to a more efficient model in the same 0% loan. Upgrade to a high SEER2 Heat Pump and you may qualify for a rebate from SSVEC.
Loans Available
- 0% – Energy Efficiency Upgrade Loan
- 7% – Loans are for all-electric heat pumps
- $2,000 – Minimum loan amount for all loans
- $10,000 – Maximum loan amount for an all-electric heat pump
Terms
Heat Pump Loans – Members can make payments for as little as 12 months or as long as 84 months. SSVEC will never charge prepayment penalties for early payoff of our loans. There is a $2000 minimum loan amount.
Energy Efficiency Upgrade Loans - Terms are 36 months for loans from $2,000 to $10,000 and 72 months for loans $10,001 to $20,000. There is a $2000 minimum loan amount.
For further information on our Energy Efficiency Loan program, contact:
Marketing & Communications
loans@ssvec.com
or
(520) 515-3471