Loan Terms
2.99% fixed interest rate
- 12‐60 month term
- $10,000 loan maximum (windows are not eligible)
- No maximum income limit
4.99% fixed interest rate
- 37‐120 month term
- $20,000 loan maximum (windows are eligible)
- No maximum income limit
Additional terms, conditions and closing costs may apply and are subject to change without notice. Financing is secured by a mortgage on the property.
Eligible improvements include the energy improvements listed below. Homeowners with questions about project(s) eligibility should contact CEE.
Heating Systems
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Natural gas or propane furnace AFUE >= 95
Oil furnace, gas, propane or oil hot water boiler AFUE>= 90
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Central A/C
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Split systems: SEER >=16 - EER >= 13
Package systems: SEER.= 14 - EER >= 12
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Light Fixtures
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Fixtures must meet Energy Star requirements
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Window Replacement
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Windows must be Energy Star qualified under Federal guidelines. (Only available for the 4.99% financing option)
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Exterior Doors
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Exterior Doors must have a U-factor and SHGC of 0.30 or less.
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Attic Air Sealing
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Testing the air tightness of a home using a calibrated door will measure the quantity of air leakage and air sealing effectiveness. Attic air sealing is a prerequisite for wall/attic insulation loan eligibility.
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Attic Insulation
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Attic insulation must be combined with attic air sealing for loan eligibility. Final R-Value >= R-44
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Wall Insulation
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All external wall cavities must be filled with insulation. Loan eligibility is conditional on attic air sealing being performed.
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Water Heater
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Atmospherically vented and orphaned water heaters are eligible for replacement with a power vented or direct vented high efficiency storage or demand unit; only if an orphaned wate rheater current exists or if an orphan is created due to furnace replacement.
Gas storage units >= 0.62 EF
Gas tankless units >= 082 EF w/2.5 gpm at 77°F rise
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The current loan terms and conditions stated, including interest rates, do not constitute a commitment to lend or an offer to enter into an agreement, and that such an offer may only be made pursuant to Minnesota Statutes, Section 47.206(3) and (4).