The Ohio Department of Development (ODOD) and the Office of Energy Efficiency (OEE) offers a Double Saving Loan to qualified residential borrowers. Projects that improve energy efficiency in a one- to three-unit residential building are eligible for a interest-rate reduction of up to 50% through a linked deposit. Possible projects include the installation of Energy Star products and equipment, as well as home insulation and weatherization. Weatherization projects will either need a Home Energy Rating Systems (HERS) rating or to be installed by an approved and Ohio OEE trained contractor. Borrowers first contact a private lender for funds and then apply for approval under the Ohio Double Saving Loan program. Not all Ohio financial institutions are participating in this program; contact the Ohio OEE for more information. This program is funded through a system benefits charge; only residents who are in the service area of AEP, Cinergy, First Energy, Dayton Power and Light and Monongahela/Allegheny Power are eligible to apply.
| Implementing Sector: | State |
| Category: | Financial Incentive |
| State: | Ohio |
| Incentive Type: | Loan Program |
| Web Site: | http://www.odod.state.oh.us/cdd/oee/ELFQandA.htm#9 |
| Administrator: | Ohio Department of Development |
| Start Date: | |
| Eligible Renewable/Other Technologies: |
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| Maximum Loan: | $10,000 |
| Loan Term: | Reduced interest rate of up to 50% |
| Name: | Judy Pacifico |
| Organization: | Ohio Department of Development |
| Address: |
77 South High Street, 26th Floor Columbus OH 43216-1001 |
| Phone: | (614) 387-2732 |
| Email: | aef@development.ohio.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.
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