Energize Delaware Home Energy Loan Program

Eligible homeowners participating in the Home Performance with ENERGY STAR program have the option to finance energy efficiency improvements through low-interest loan program offered through Energize Delaware.  The loan program is administered by the Delaware Sustainable Energy Utility, which as selected AFC First as a third party program manager to distribute the funds.

Eligibility

To qualify for the program, participants must be registered property owners currently living in a separately metered, one to four-unit detached or attached residence. The owner should be participating in the Home Performance with ENERGY STAR program. Single homes, duplexes, condominiums, and townhouses qualify for the program. New construction, multi-family units, and commercial properties are not eligible for the program. The program is open to all income levels, must have good credit, and can repay.

Program Description

The program requires the work to be done by a participating contractor. A list of eligible contractors is available on the program website. The contractor will perform an energy audit and recommend improvements specific to home needs, including a cost estimate, and available rebates. The contractor will also submit a rebate reservation to secure the funds.

Participants who choose to finance their improvements can apply for low-interest loans through the program. The program offers unsecured loans from $1,000 to $30,000 at a 5.99% fixed interest rate of term length up to 10 years. After the project is completed, the program directly pays the contractor. 

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