Low-Interest Loans Available To OKC Homeowners For Energy Efficient Upgrades

Tuesday, March 28th 2017, 9:46 am
By: News 9

Oklahoma City residents wanting to lower their energy bills this summer by making energy-efficient upgrades to their homes have an opportunity to receive a low-interest loan from the City of Oklahoma City.

Oklahoma City homeowners with household incomes of $100,000 or less are eligible to apply for the loans, which are for up to $15,000 and paid back for up to 48 months at a fixed interest rate of 3 percent.

The energy-efficient upgrades can save money on electric and gas bills over time. Applicants must own and live in the home. Landlords cannot apply for rental properties.

Examples of energy-efficient upgrades that can be paid for with the loan include:

installing energy-efficient windows or exterior doors, adding more insulation to the attic or walls, replacing inefficient window air conditioning units with central heat and air, installing a new heat pump, replacing a dark-colored roof with a color that reflects sunlight, purchasing energy-efficient appliances, upgraded lighting efficiency, installing renewable energy systems like solar panels.

The Community Action Agency administers the loan program on behalf of the City of Oklahoma City.

For more information or to apply, contact Heather Najera at (405) 232-0199 (extension 3214) or eddasst@caaofokc.org.