| Program | City of Lauderhill - Revolving Loan Program |
|---|---|
| Category | Financial Incentive |
| Implementing sector | Local |
| Last Update | |
| State | Florida |
| Administrator | City of Lauderhill |
| Website | https://www.lauderhill-fl.gov/community-services/interest-free-loans |
| Technologies | Solar Water Heat, Solar Photovoltaics |
| Sectors | Residential |
The City of Lauderhill offers interest-free loans for EnergyStar appliances through a municipal revolving loan program. Loans from $400 to $2,500 are available to homeowners purchasing new Energy Star-certified appliances from eligible retailers. Tankless water heaters, solar photovoltaic systems, and solar water heating systems are also eligible for the loan program. Loan funds have a one or two-year repayment plan. Eligibility will be determined within 10 business days.
Loan funds are made payable directly to the retailer within a week of the time the final loan documents are signed. A check will be made payable to the retailer; you must have a quote or invoice from a retailer with the name of the retailer and address. The check will be payable to the contractor with a 10% holdback for Solar Powered Systems. The holdback check will be released upon submittal of a Completion Certificate signed by both the borrower and the contractor and copies of all required city permits (if applicable). Any costs in excess of the contractors bid/quote will be the customer’s responsibility.
Loan applications are available through the program website.
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