Minneapolis: 0% Energy Efficiency Loan
The City of Minneapolis is offering a 0% loan to help residents improve the energy efficiency of their homes. To qualify, the borrower must have received a Home Energy Squad visit within the last 3 years or have one scheduled.
Please call us at 612-335-5884 for complete program details.
Loan Terms
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0% APR.
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​Loan amounts up to $20,000. Determined by the ability to repay and credit score.
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No income limit.
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Terms up to 10 years, determined by loan amount.
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No closing costs.
Property Eligibility
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The borrower must have received a Home Energy Squad visit within the last 3 years or have one scheduled. This is determined by the type of improvement.
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Owner-occupied or absentee-owned residential properties located in the City of Minneapolis.
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1-4 units.
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Not Eligible: Properties under construction, greater than 4 units, co-operations, or used for commercial purposes.
Eligible Improvements
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Attic Air Sealing. Attic air sealing is a prerequisite for attic insulation loan eligibility.
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Attic Insulation. Attic insulation must be combined with attic air sealing for loan eligibility. Final insulation R-Value must be greater than or equal to R-50 when attic space allows.
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Wall Insulation. All external wall cavities must be filled with insulation.
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Efficient Heating Systems, Central AC and Water Heaters.
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Health and Safety issues addressed when performing any of the work items above; water heater replacement due to combustion safety, radon and asbestos mitigation, knob and tube wiring and ventilation.
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Solar: This improvement is eligible if there are no recommendations through the HES visit, or after all recommendations have been completed.
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1 bid is required by a properly licensed contractor.
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). (10-2014)