City Announces Launch of Residential Energy Loan Program
If you’re thinking about making improvements that could make your home more energy-efficient, now is a great time to begin. The City of Alexandria has launched the “Northern Virginia Home Performance with Energy Star” program to help Alexandrians overcome barriers to improving energy efficiency in their homes. The nonprofit group Local Energy Alliance Program (LEAP) and CommonWealth One Federal Credit Union (COFCU) have partnered with Alexandria to offer the program to residents.
LEAP administers the program, and will provide home energy assessments, recommend home energy upgrades to maximize the impact on energy use, and refer homeowners to trained and certified participating contractors. To help residents pay for the upgrades, COFCU will offer eligible Alexandria homeowners access to low-interest loans of up to $20,000 (at a rate of 4.9% APR) through the Alexandria Energy Saver Loan program. The City of Alexandria supports the creation of the Energy Saver Loan program through limited funding from federal and local sources.
To get started today, visit http://ilikeleap.com and complete a free online energy assessment. For more information on resources to help residents green their home, visit the City’s Green Building Resource Center at http://alexandriava.gov/gbrc. To learn more about resources to help lower-income residents with improving their energy efficiency, contact the City’s Office of Housing at 703.746.4990.