Amount: $0.00 to $6000.00
The Home Energy Loan Program (HELP), administered by the Louisiana Department of Natural Resources (DNR), allows homeowners to get a five-year loan to improve the energy efficiency of their existing home. DNR subsidizes half of the financing for energy efficiency improvements at a low interest rate to participating lenders, up to a maximum DNR subsidy of $6,000. Each participating lender sets the maximum loan amount offered to homeowners, as well as the interest rate that is charged to the homeowner. A homeowner can qualify for an energy improvement loan in two ways – either through an energy audit in which an Energy Home Rater makes recommendations, or by choosing pre-approved home improvements as designated by the program.
In order to participate, a homeowner must contact a participating lender directly and must complete a credit application. The HELP home improvement loans may either be consumer loans or second mortgages; this is left to the discretion of the participating lender. A list of participating lenders, pre-approved home improvements and limits to participation are available on the program web site.