The Green Madison program will launch officially in a few weeks but based on conversations we’ve had with the city, it’s shaping up to be very helpful to homeowners who need financial help with energy efficiency and renewable energy improvements. With help from a U.S. Department of Energy grant, the City of Madison and Focus On Energy aim to provide assistance to 4,500 homeowners over 3 years.
The major benefits of the program are:
- Lengthy loan term – A term of 15 years will be typical.
- Affordable interest rates – Rates ranging from 5-7% will be offered through the financing partner.
- Unsecured loan – Because it’s an unsecured loan, it won’t be tied at all to your existing mortgage and any lack of equity in your home won’t affect whether or not you qualify.
- Anyone can qualify – There are no low income qualifications so homeowners only need to have a certain credit level.
The best part of the whole thing is that in the overwhelming majority of cases, homeowners will end up savings more in energy each month than they will to pay off their loan. So they’ll increase their home’s comfort, safety and value all while actually saving money. It’s a win-win.
So what do you need to do to become a part of the Green Madison program? First you must hire a certified home performance consultant (energy auditor) and schedule an energy assessment (energy audit). Remember — Piping Plover is the only company in the Madison area that includes an analysis of a home’s electricity usage in our standard energy audit. From there, you can contact your own contractors, get bids, fill out all the paperwork, act as your own general contractor, get in touch with the bank, so on and so forth. Or, you can have Piping Plover manage the entire process for you. The best thing is that, because of the advantageous pricing we get from contractors, you don’t pay anything for our services. You get an unconflicted consultant that will save you money, headaches and time.
Call Piping Plover today at (608) 826-HOME to find out more about how the process works. We’re also the only ones who can run an instant report that compares your home’s energy use to other homes around Dane County and in your own neighborhood. That way you’ll have a sense of whether or not there is much in the way of potential savings.
For more information regarding the Green Madison program visit the link below.
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March 25th, 2011 on 10:39 am
[...] under Uncategorized Federal Grant To Help Homeowners Go Green – Channel3000 – As we wrote about recently, the City of Madison has officially launched the Green Madison program. The primary benefit is an [...]