Loans for Energy Efficiency Program - LEEP



LEEP REQUIREMENTS and GUIDELINES

  • Maximum residential loan amount for residential customers shall not exceed $7,500.
  • Maximum loan amount for non-residential customers shall not exceed $15,000.
  • Interest rate for the loan shall be 5% for residential and 6% for commercial industrial. The loan will be a fixed payment loan.
  • Late payment fees will be added to the balance including interest.
  • Loan payment term shall be no more than five (5) years.
  • All District-offered residential and commercial conservation measures (except appliances) are eligible for loan program participation.
  • The measures to be installed must comply with all other District conservation program requirements.
  • The customer must complete the District's LEEP Application packet.
  • The customer is required to pay a $200.00 loan origination fee at the time of loan approval, which may be included as part of the amount financed.
  • Show proof of home or business property ownership – only owner occupied single family homes or owner occupied single occupant commercial and industrial buildings are eligible for this program.
  • Complete and sign Financial Disclosure Form.
  • Execute Security Agreement.
  • Execute District Loans for Energy Efficiency Program Participation Agreement
  • Complete and sign UCC 2 Fixture Filing Form.
  • Execute Acknowledgement of Receipt of Information and Waiver and Release of Present and Future Claims Form.
  • Customer must have maintained a clean (0 demerits) credit rating with the District for the past 12 months. 

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