Austin Energy - Home Energy Savings Loan Program

Austin Energy offers loans for residential customers interested in energy efficiency improvement projects through its Home Energy Savings Program. The program offers a financing program through Velocity Credit Union with interest rates beginning as low as 1.99%. To qualify for a rate between 1.99% and 3.99%, the upgrades must include at least three energy efficiency measures and meet the 15-point potential energy savings criteria; upgrades that do not meet the 15-point criteria will receive the market interest rate.

Qualifying energy efficiency improvements for these loans are identical to the eligible products for the Home Energy Savings Rebate:

• Air infiltration and duct sealing
• Total external static pressure
• Duct replacement/insulation
• Duct system performance improvement
• Attic insulation to R38
• Fan cover
• Solar screens/solar film on single pane windows
• External combustion air
• Insulated box for pull-down stairs
• Additional attic access
• Improve supply and/or return plenum
• Install eligible smart thermostat
• Supply grilles
• Return air grilles
• AC tune up
• Deep pleated media filters
• ENERGY STAR-rated heat pump water heater
• Central split AC
• Mini-split AC
• Heat pumps
• Heat pump mini-split systems

All work must be done by a program-approved contractor. For loan pre-approval with Austin Energy's financing partner, Velocity Credit Union, customers can call (512) 469-7060, or toll free (800) 933-2029, or apply online.