Minnesota Housing, a state agency that provides finances to advance affordable housing opportunities, will provide $2m in rebates in conjunction with the agency’s home improvement loans for making energy saving improvements to homes.
Minnesota Housing will finance the rebates with federal stimulus funds through a $2m grant from the US Department of Energy and the Minnesota Department of Commerce.
The program will enable the qualified homeowners to receive a rebate of 35% of the cost (up to $10,000) for eligible improvements financed with a Fix-up Fund loan.
The rebates will be available on improvements, including high efficiency furnaces, boilers and central air-conditioners, Energy Star replacement light fixtures, water heaters, insulation and air sealing, in owner-occupied single family, condominium, duplex, triplex, or fourplex homes.
The unreserved rebate program, which will provide up to 25% towards the cost of Energy Star replacement windows and replacement exterior doors, is designed to help homeowners with household incomes up to $96,600 improve home energy efficiency.
Minnesota Housing commissioner Dan Bartholomay said that the Energy Saver Rebate program has created jobs and leveraged more than $15.5m in energy saving improvements.
“The agency is grateful for its partnership with the Minnesota Department of Commerce, Office of Energy Security that has made the program possible by offering this opportunity to lower energy costs as winter approaches,” Bartholomay said.