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New loan program helps offset energy costs

12:32 PM, Sep 7, 2012   |    comments
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What makes this loan unique from other home/business improvement loans? According to Sharon Procopio, Commercial Energy Program Administrator, some of the benefits include:

*Lower Interest Rates - Loan loss reserves provided by the Department of Energy (DOE) grant offers the ability to provide lower interest rates (no risk premium required).

*Easy Application Process - A simple online or phone application process makes it quick and easy to apply. On average, the application takes only 10 - 15 minutes to complete.

*Appraisal Not Required - Unlike other home or business loans, a property appraisal is not required.

*Energy Advisor Helps Guide Efficiency Improvements - Energy advisor service comes with this loan, independent of any contractor or company offering a loan

*Easy Payment Process That Allows Work Begin Immediately - Loans are based on contractor quotes and payment is made jointly to the borrower and contractor, ensuring the work can begin before payment.

The Denver Energy Challenge is a free energy program provided by the City and County of Denver to help residents and businesses cut energy waste, while saving money and increasing indoor comfort and air quality. Free energy advisors are provided along with access to exclusive rebates and financing when you sign up.

To date over 4,300 residents and 940 businesses are participating in the Challenge and cutting energy waste with help from free energy advisors. Energy loans have been made possible through a revolving loan fund from the U.S. Department of Energy Better Buildings Program. You can call 720-865-5520 to speak with an advisor and see what options are available for your home or business.

For more information, visit www.DenverEnergy.org

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