Loan Terms
The program will loan up to 100% of the actual cost of installing energy efficient measures for qualifying customers, not to exceed $25,000 for lighting projects or $50,000 for custom projects.
1.
No interest
2. Up to 60 months to repay
3. $25 administration charge
4. $500 minimum loan amount
5. Maximum loan amount of $25,000 for lighting projects or $50,000 for custom projects
Remaining loan balance will be immediately due and payable if the applicant moves, ownership changes, or nonpayment occurs for three months. If the loan is due and a customer defaults, interest will accrue on the unpaid principal (at the rate of 12 percent per annum). Should the account become delinquent, the account will be subject to disconnection of electric service.