Loan and Rebate Programs for New AC Systems
Austin Energy Loan and Rebate Programs
Fox Service Company is an registered contractor for the Home Performance with Energy Star® Loan and Rebate Programs. We encourage you to visit the Austin Energy website @ austinenergy.com and learn about all of the details concerning these tremendous programs.
Home Performance with ENERGY STAR® Loan Program
Austin Energy’s low-interest loans are unsecured and do not require a lien on the property. These loans can cover the following costs:
Installation of a new energy-efficient air conditioner or heat pump
Additional attic insulation
Repair of leaking AC ducts
Caulking around plumbing under sinks
Weather-stripping around doors
Installation of solar shading or awnings
Installation of attic radiant barrier reflective material
Program Eligibility
Participants must be Austin Energy electric customers with one of the following:
Single-family home, condominium or town home.
Duplex
Rental Property
Mobile homes, and manufactured homes are not eligible for this loan program.
Links
Apply for Home Performance with ENERGY STAR® Loan
Loan Options
Loan Application (pdf)
Participating Companies List
Air Conditioning (central) Savings Calculator
Room A/C (window unit) Savings Calculator
Heating System Savings Calculator
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Loan Options
|
Loan Option 1 | |||||
|
Min Loan |
3yr |
5yr |
7yr |
10yr | |
|
Energy Improvement Loan* |
$1,500 |
0% APR |
0% APR |
2.9% APR |
4.5% APR |
|
Personal Loan* |
$500 |
2% APR |
4.5% APR |
n/a |
n/a |
|
*For customers with a credit score of 639 or below, 2% interest will be added to the interest rates above. | |||||
 |
No closing costs up to $400 |
|
$7,000 max loan amount for single-family units |
|
$9,500 max loan amount for duplexes |
|
Make all recommended weatherization improvements. |
|
Install a new central AC system or heat pump (13.0 SEER or higher). |
|
Loan Option 2 | |||||
|
Min Loan |
3yr |
5yr |
7yr |
10yr | |
|
Energy Improvement Loan* |
$1,500 |
1.5% APR |
2.9% APR |
5.0% APR |
6.5% APR |
|
Personal Loan* |
$500 |
4.5% APR |
6.5% APR |
n/a |
n/a |
|
*For customers with a credit score of 639 or below, 2% interest will be added to the interest rates above. | |||||
|
No closing costs up to $400 |
|
$9,500 max loan amount for single-family units |
|
$9,500 max loan amount for duplexes |
|
Convert window unit(s) to central air conditioning or heat pump system (13.0 SEER or higher) and make all other recommended weatherization improvements. |
|
Install a new central air conditioning system or heat pump (13.0 SEER or higher) and make all other recommended weatherization improvements. This loan option is for homes where those improvements exceed $7,000 in costs. |
|
Loan Option 3 | |||||
|
Min Loan |
3yr |
5yr |
7yr |
10yr | |
|
Energy Improvement Loan* |
$1,500 |
1.5% APR |
1.9% APR |
5.0% APR |
6.5% APR |
|
Personal Loan* |
$500 |
4.5% APR |
6.5% APR |
n/a |
n/a |
|
*For customers with a credit score of 639 or below, 2% interest will be added to the interest rates above. | |||||
| No closing costs up to $400 | |
|
$9,500 max loan amount for single-family units |
|
$9,500 max loan amount for duplexes |
|
Install a new central air conditioning system or heat pump (13.0 SEER or higher). |
|
Perform duct sealing, insulate or replace entire duct system. |
|
Add additional room ducts and return air vents. |
|
Perform duct system performance testing. |
Austin Energy Air Conditioner Rebate Program
Austin Energy offers rebates to their electric customers who install high efficiency air conditioning and heating equipment.
Today's energy efficient air conditioners use up to 40% less electricity than older models. This reduced use results in major savings. And, customers enjoy the same or greater level of comfort.
An energy audit is not required to qualify for these rebates.