National Grid EnergyWise Financing program

May 10, 2019

Summary

National Grid offers 0% financing to its customers to install energy efficient heating equipment in Rhode Island homes. Only residential customers of National Grid (electric or gas) with 1-4 unit property are eligible for the program. Financing is not offered to tenants.

Interested participants must first schedule for home energy audit through the EnergyWise Home Energy Assessment Program by calling 888-633-7947. The energy audit will provide a list of energy efficiency measures including other rebates offered by National Grid. Customers must contact qualified contractors and submit a proposal to the Program Administrator for review and approval. After approved, the customer will receive 0% unsecured or secured loan depending on the lender. The money will be made available after the installation is verified.

The loan can be used to finance heating and hot water systems (including solar thermal), weatherization Improvements, and other measures listed in the program website.

Program Overview

Implementing Sector:	Utility
Category:	Financial Incentive
State:	Rhode Island
Incentive Type:	Loan Program
Web Site:
Administrator:
Start Date:
Eligible Renewable/Other Technologies:	Solar Water Heat Water Heaters Furnaces Boilers Heat pumps Building Insulation
Maximum Loan:	Owner Occupied Micro Loan: $200- $2000 1- 4 Unit Standard Loan: $2,000- $25,000 Non Owner Occupied 1-4 Unit Rental Property Loan: $5,000- $25,000
Loan Term:	Owner Occupied Micro Loan: 24 months 1- 4 Unit Standard Loan: Up to 84 months Non Owner Occupied 1-4 Unit Rental Property Loan: Up to 84 months
Interest Rate:	0% unsecured loan (depending on the credit history and loan amount)

Contact

Name:	0% Financing RISE Engineering
Address:
Phone:	(188) 863-3794
Email:	residentialinfo@riseengineering.com

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.