Minneapolis Energy Efficiency Loan
The City of Minneapolis is offering a 0% loan to residents to make energy efficiency improvements to their homes.
To qualify, the recipient must have had a Home Energy Squad® (HES) visit or a Truth in Sale of Housing (TISH) Energy Disclosure report within 3 years of loan closing. Applications must be received by December 1, 2025.
Hablamos Español: 612-335-5856
About the Loan
- 0% APR
- Loan amounts up to $20,000.
- Loan terms up to 10 years depending on the loan amount.
- Household income cannot be over 150% of the Area Median Income (AMI), based on your household size and adjusted gross income from the most recent Federal Tax Return. Qualifying income cannot be over $161,500. Qualifying income is the income needed to verify the ability to repay the loan.
- The total loan amount for all Energy Efficiency Interest Subsidy Loans CANNOT be more than $20,000 per year.
Property Eligibility
- 1–4 unit owner-occupied residential properties located in the City of Minneapolis.
- Individually owned townhomes, twin-homes, and condominiums are eligible.
- Properties cannot be more than 4 units, cooperatives, manufactured homes, held in Trust, used for commercial purposes, or new construction.
- Property must have had a Home Energy Squad (HES) visit or a Truth in Sale of Housing (TISH) Energy Disclosure report within 3 years of loan closing.
Loan Details
- This loan is secured by a mortgage.
- The loan amount can cover up to 100% of the total project cost, including utility rebates but excluding the Minneapolis Bonus Rebate.
- Work can NOT Begin until after the loan is approved and closed. All work must be completed within 270 days of the loan closing. CEE may make exceptions on a case-by-case basis.
- A credit report will be pulled and used as part of the loan qualifying process.
- Closing fees apply.
- 1 bid is required from a properly licensed or registered contractor with the MN Department of Labor. Permits must be obtained when required. The contractor must complete a Supplemental Application.
- Sweat equity or do-it-yourself (DIY) projects are NOT allowed. All projects must be completed by a properly licensed or registered contractor with the MN Department of Labor.
- Below is a list of the eligible energy efficiency improvements available with this loan.
| Eligible Improvement | Energy Efficiency Specification |
|---|---|
| Attic Air Sealing and Insulation | ≥ R49 or as much as possible |
| Wall Insulation | ≥ R11 or as much as possible |
| Rim Joist Insulation | Evaluated on a case-by-case basis |
| Triple-Pane Windows | EnergySTAR v.7 Northern Climate windows replacing single-pane windows |
| Boiler | 95% AFUE or greater. Eligible only if installed with a new or existing air source heat pump. |
| Furnace | 96% AFUE or greater. Eligible only if installed with a new or existing air source heat pump. |
| Heat Pump Electric Water Heater | EnergySTAR |
| Air Source Heat Pump — Ducted | Must meet efficiency requirements listed on the CEE Supplemental Energy Application form. |
| Air Source Heat Pump — Mini-Split | Must meet efficiency requirements listed on the CEE Supplemental Energy Application form. |
| Health and safety upgrades related to the energy efficiency upgrade | Combustion safety, knob and tube wiring, asbestos abatement, and ventilation may be eligible. |
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).
Browse More Minneapolis Loans
