Efficiency Vermont Incentives for Home Performance with ENERGY STAR:
Efficiency Vermont offers a choice of two incentives to help Vermont homeowners pay for comprehensive energy efficiency improvements completed by a certified Home Performance with ENERGY STAR contractor:
Interest Rate Reduction Incentive - Efficiency Vermont partners with several lenders across the state to offer a 3.5% interest rate reduction on loans of $15,000 or less for terms of 5 years or less. See Below.
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10% Cash Incentive (Limited time offer) -For energy efficiency improvements pre-approved and installed between October 1, 2008 and March 31, 2009, Efficiency Vermont will pay 10% of the installation costs up to $500. This incentive is paid to the contractor upon receipt of required project completion documents. This cash incentive offer may not be combined with Efficiency Vermont?s Interest Rate Reduction Incentive.
In order to qualify for either of these Efficiency Vermont incentives, Efficiency Vermont must pre-approve your proposal for energy efficiency improvements. Customers who receive incentives from Vermont Gas Systems are not eligible to receive these Efficiency Vermont incentives.
Efficiency Vermont is partnering with lending institutions to offer discounted loans for qualifying home improvements. This reduced interest rate financing is only available for home improvements or remodeling completed or supervised by an certified Home Performance with ENERGY STAR® contractor. If you're a Vermonter and you own your home, you may be eligible for one of these loans.*
| Key features of Home Performance with ENERGY STAR Financing |
| Efficiency Vermont will reduce the interest rate for qualifying home improvements up to 3.5%. For example, if the interest rate for a qualifying home improvement loan is 8.5%, Efficiency Vermont will pre-pay the interest up to 3.5% leaving your interest rate at 5%. Residential homes with four units or less are eligible.You can finance 100% of installation costs for qualifying home improvements. |
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| Participating Contractors |
Efficiency Vermont low interest financing is only available for work completed or supervised by an approved Home Performance with ENERGY STAR contractor.
Find a Home Performance with ENERGY STAR Contractor
| Participating Lenders |
Home Performance with ENERGY STAR Financing is available only through participating lenders. Please contact one of the participating lenders listed below to find out more about Home Performance with ENERGY STAR FinancingHome Performance with ENERGY STAR Financing is available only through participating lenders. Please contact one of the participating lenders listed below to find out more about Home Performance with ENERGY STAR Financing
18 Pearl Street | |
Burlington | VT 05401 |
PHONE: 802-865-2003 x125 | FAX: 802-862-8971 |
Contact: Greg Huysman |
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1 Bailey Avenue, P.O. Box 67 | |
Montpelier | VT 05601 |
PHONE: 800-371-5162 | FAX: 802-223-4334 |
Contact: Valerie Beaudin | Title: Retail Operations Manager |
221 Main Street P.O Box 1010 | |
Brattleboro | VT 05302 |
PHONE: 888-806-6400 | FAX: 802-257-0694 |
Contact: Vonda K. Mitchell | Title: Vice President |
The Warm and Weatherized Loan Program - offered through TD Banknorth makes loans ranging from $2,500 to $5,000 available to help Vermonters reduce heat and electricity bills by offering 2.75% financing for eligible energy improvements. Homeowners may apply for the loans through any of TD Banknorth's 35 Vermont locations.
* Efficiency Vermont reserves the right to limit or modify the financing incentive offer at any time.
