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Homeowners Seeking a Traditional Low-Interest Loan Can Look to Home Energy Loans
The Energy Network recently added a new online tool for homeowners seeking financing for their energy efficiency project: a Home Energy Loans monthly payment calculator. This online calculator complements the program's existing online application for instant loan pre-approval.
Home Energy Loans is a low-interest financing option for homeowners needing to jump-start their residential energy efficiency and solar projects, only for homeowners completing an Energy Upgrade CaliforniaŽ Home Upgrade or Advanced Home Upgrade project. The program is a great fit for those seeking a traditional loan to finance a home energy project with no money down, no fees and low monthly payments - depending on the term selected, rates start as low as 4.99% APR for a 5-year term. Home Energy Loans requires that homeowners work with a Participating Contractor to make sure that their project qualifies and receives a Home Upgrade or Advanced Home Upgrade incentive.
The HEL Basics Webinar is available to walk you through the Home Energy Loan process including the application process. To view the recording, go to the website and register.
To determine your estimated monthly payment for your next energy efficiency project, visit Home Energy Loan's webpage and check out the payment calculator. To get started with your Home Energy Loans and Home Upgrade project, find a Participating Contractor near you at http://tenres.com/findacontractor.
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About the Energy Network
The California Public Utilities Commission (CPUC) authorized The Energy Network to serve public agencies and their constituencies throughout Southern California.
The Energy Network's mission is to harness the collective action of public agencies and their constituents and to help them save energy by providing needed resources and technical expertise.
This Program is administered by the County of Los Angeles and funded by California utility ratepayers under the auspices of the California Public Utilities Commission.
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Featured Project:
Cucamonga Valley Water District Pump Overhaul Project
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"The Energy Network provided engineering services, project management, and the resources needed to streamline CVWD's energy efficiency projects from start to finish."
- Mike Maestas, Water Production Manager, Cucamonga Valley Water District
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Cucamonga Valley Water District (CVWD) enrolled in The Energy Network in Oct 2014 to leverage the expertise of multiple project partners to increase efficiency of 13 booster pumps and 4 well pumps -- a project that will result in an expected annual energy savings of over a million kWh and an expected annual cost savings of over $150,000.
The success of the project is an example of true collaboration as it is a partnership between The Energy Network and Water Infrastructure and System Efficiency Program (WISE), SCE Third Party Implemented program by Lincus -- the energy audit which identified the opportunities and the utility incentives associated with the implementation of these opportunities were completed and reserved through the WISE program and the scope of work for the RFP was completed by The Energy Network in collaboration with CVWD. The partnership has been so successful that the RFP has now become a cited example for pump overhaul projects at other agencies.
Agencies typically only replace pumps when they no longer operate and on an ad-hoc basis, which can result in significant additional operating costs. However, CVWD took a systems approach, as recommended by The Energy Network and WISE, in scoping out the project and investigated all the pumps. This comprehensive method ensured a lower life cycle cost since the incentives from SCE reduced the initial cost of the overhauls and it also resulted in energy and maintenance cost savings.
To date, about 90% of construction has been completed with the remainder estimated to be completed by the end of August 2016.
To learn more about the projects at Cucamonga Valley Water District or to find out how your agency can save energy and save money, or to enroll in The Energy Network's Public Agency program, please contact
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