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.

The guidelines below are subject to change at any time without notice. Loan funds are subject to availability. Please call us at 612-335-5884 for complete details.

Click here to schedule your Home Energy Squad visit today.

Please call us at 612-335-5884 for complete program details.

Loan Terms

  • 0% APR.

  • ​Loan amounts up to $15,000. Determined by the ability to repay and credit score.

  • No income limit.

  • Terms up to 7 years, determined by loan amount.

  • No closing costs.

Property Eligibility

  • The borrower must have received a Home Energy Squad visit within the last 3 years. 

  • Owner-occupied or absentee-owned residential properties located in the City of Minneapolis.

  • 1-4 units.

  • Not Eligible: Properties under construction, greater than 4 units, co-operatives, or used for commercial purposes.

Eligible Improvements

  • Attic Air Sealing: Attic air sealing is a prerequisite for attic insulation loan eligibility.

  • 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.

  • Wall Insulation: All external wall cavities must be filled with insulation.

  • Cooling Systems: Only split systems and air source heat pumps with SEER >= 15, EER >= 12.5.

  • ​Heating Systems: Only air source heat pump with >= 10 HSPF and COP (coefficient of performance) at 5degrees F >1.75 (at max capacity operation).

  • ​Heat Pump Electric Water Heaters.

  • Health and Safety issues addressed when performing any of the work items above; system replacement due to combustion safety, radon and asbestos mitigation, knob and tube wiring and ventilation.

  • Solar: This improvement is eligible if there are no recommendations at an HES visit, or after all recommendations have been completed.

  • 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)