Energy Efficiency Loan Program

If you answered YES to these questions the Co-op has a program just for you, The Energy Efficiency Zero Interest Loan Program.

The Energy Efficiency Loan program was started to help co-op members upgrade older homes that need to be brought up to a better state of efficiency and will loan you up to $20,000 at zero interest to make these types of improvements.

When you invest in $2,000 of improvements to the physical structure you can also upgrade your heating and cooling (evaporative coolers not included) to a more efficient model in the same 0% loan.  Upgrading to a High SEER Heat Pump and you can qualify for a Rebate from SSVEC.

Frequently Asked Questions

  1. Do I have to use a Contractor? Yes, to qualify for the zero interest loan the work has to be completed by an AZ licensed contractor who will stand behind his work.
  2. Do I have to own my home? Yes, the loan is secured by a lien on the property so you have to be the owner to take out the loan.
  3. I have rental property that fits this description, can I participate? YES, if the property is a single family home.  Multi-family homes would use the Commercial and Industrial improvement program.
  4. Can you recommend a Contractor for me to use? NO, we are not allowed to make recommendations of contractors.  We do recommend you get at least 3 bids for the project.
  5. How do I get started? Go to the quick link on this page for the application or call our office, and talk to our Meter Miser assistant.
  6. Can I use this money to put Stucco or vinyl siding on my home? YES, as long as there is a layer of R-5 insulation under the Stucco or Siding it qualifies (subject to the loan maximum).
  7. I have a Manufactured Home, Do I qualify for the program? Only if the home is on a VA type foundation on your own land.
  8. Are there any other program restrictions? YES, because this is a new program the funds are limited to $215,000 of loans per year.
  9. How much money can I borrow? Loans are limited between $2,000 and $20,000 per home.  Loan of $10,000 or less are for 36 months and loans of $10,001 to $20,000 is up to 72 months.