Home Energy Loan Program

The Home Energy Loan Program is a statewide program that offers low interest loans to homeowners that want to make energy improvements to their properties.

Home Energy Loan Application - Complete the application and send it to the Center for Energy and Environment at 212 3rd Avenue North, Suite 560, Minneapolis, MN 55401 or fax it to 612-335-2650.

Loan Terms

• Maximum loan amount is $10,000
• Interest rate: 5.99%
• Maximum term 5 years
• All loans will be secured by a mortgage

Eligible Borrowers

• No maximum income limit!
• Borrowers must own the property or be purchasing it through a mortgage or contract for deed
• You must close on the loan prior to beginning project(s).

Proof of Income

• If you are employed: submit copies of your two most recent paystubs.
• If you are retired: submit a copy of your social security benefits or pension.
• If you are self-employed: submit copies of your Federal Tax Returns for the last 2 years.

Eligible Improvements

• Improvements can include the following: storm windows * storm doors * furnace * boilers *
  air conditioning * insulation * water heater
• Applicants must provide bids for each improvement project.
• If you are uncertain about the eligibility of your improvement contact CEE at (612) 335-5885.

Eligible Structures

• Owner-occupied, 1-4 unit properties
• Up to 49% of the residence may be used for business
• Property must have been built prior to May 1, 1989

Contact Jim Hasnik at (612) 335-5885 for more information.