City of Shreveport - Shreveport Energy Efficiency Program (SEED)

August 04, 2020

Summary

The Shreveport Energy Efficiency (SEED) program, offered by the City of Shreveport, is intended to complement and enhance the existing Louisiana Home Energy Rebate Option (HERO) program. SEED offers professional energy audit buy-downs and low-interest loans for qualifying retrofits of residential buildings. These incentives are intended to assist in raising program awareness, applicant participation, and diminish costs for improvements.

The SEED program decreases the major cost of the energy audit to Shreveport residents. Energy Audit procedures are performed by the HERO program. Measures which may be eligible for an incentive include air duct improvements, ceiling insulation, building envelope improvements and HVAC replacements.

Low-interest loan parameters based upon principal borrowed*:

$3,000 - $6,000: Unsecured, Max 48 months with 2.9% interest to borrower
$6,001 - $9,000: Agreement not to encumber, Max 84 months with 4.99% interest to borrower
$9,001 - $15,000: First or second mortgage with max loan to value 100%, max 120 months with 5.49% interest to borrower

*Other factors may weigh into the calculation of interest rates. Please contact the SEED program lending partner to personalized rates.

Program Overview

Implementing Sector:	Local
Category:	Financial Incentive
State:	Louisiana
Incentive Type:	Loan Program
Web Site:	http://www.shreveportenergy.net
Administrator:
Start Date:	5/20/11
Eligible Renewable/Other Technologies:	Lighting Heat pumps Air conditioners Duct/Air sealing Building Insulation Windows Comprehensive Measures/Whole Building Other EE
Maximum Loan:	Existing Residential: Up to $2,000 per building New Construction Residential: Up to $2,000 per building Energy Audit flat rate of $100
Loan Term:	Applicants to existing or new construction must meet Home Energy Rebate Option (HERO) audit and installation measure and performance requirements. Applicants must be within the City of Shreveport's municipal boundaries.

Contact

Name:	Tracey Graham
Address:	505 Travis Street Shreveport LA 71101
Phone:	(318) 673-6594
Email:	Tracey.Graham@shreveportla.gov

This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.