| Program | City of Shreveport - Shreveport Energy Efficiency Program (SEED) |
|---|---|
| Category | Financial Incentive |
| Implementing sector | Local |
| Last Update | |
| State | Louisiana |
| Website | http://www.shreveportenergy.net |
| Start Date | |
| Sectors | Residential |
The Shreveport Energy Efficiency (SEED) program, offered by the City of Shreveport, is intended to complement and enhance the existing Louisiana Home Energy Rebate Option (HERO) program. SEED offers professional energy audit buy-downs and low-interest loans for qualifying retrofits of residential buildings. These incentives are intended to assist in raising program awareness, applicant participation, and diminish costs for improvements.
The SEED program decreases the major cost of the energy audit to Shreveport residents. Energy Audit procedures are performed by the HERO program. Measures which may be eligible for an incentive include air duct improvements, ceiling insulation, building envelope improvements and HVAC replacements.
Low-interest loan parameters based upon principal borrowed*:
- $3,000 - $6,000: Unsecured, Max 48 months with 2.9% interest to borrower
- $6,001 - $9,000: Agreement not to encumber, Max 84 months with 4.99% interest to borrower
- $9,001 - $15,000: First or second mortgage with max loan to value 100%, max 120 months with 5.49% interest to borrower
*Other factors may weigh into the calculation of interest rates. Please contact the SEED program lending partner to personalized rates.
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