Home
Improvement Loans
We loan you the money for your project
at terms you can afford
Project Management
We provide expert advice during all phases of your construction
project
Energy
Smart™ Loans
We have special low interest loans for
energy improvements
Assisted
Home Performance Program
NYSERDA, the state energy agency, pays half the cost
of some energy improvements
Mini-Repair
We do small but important repairs at a very low cost
Lead
Paint and Your Home
We inspect for deteriorated paint and
make sure it is taken care of safely
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Energy Smart™ Loans
Through a partnership with NYSERDA, the New York State Energy and Development
Authority, we offer low-interest Energy Smart™ loans and grants for
homeowners who want to weatherize their home. You can borrow money to
insulate and tighten up your home and save enough on your energy bills
to pay the loan and maybe save some money as well!
Typical projects include:
- reinsulating
- draft sealing
- furnace replacement
- asbestos removal ($2000 maximum)
- appliances purchase
- window replacement
- solar panels
We
can provide loans as large as $20,000. There are no income restrictions
on these loans. Additionally,
if you qualify, there are also grants
to pay for up to half of the work. The
work is conducted by certified contractors who test your house before
and after to ensure that the improvements are effective and safe.
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Sample Energy Smart™ Loan |
- A
customer wants to insulate and tighten up their uninsulated
and drafty house. They borrow $6,000 @ 2% for 10 years. Their
loan payments are $55/month; their estimated savings on their
gas bill is $90/month*.
They are more comfortable and save $35/month!
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*
Savings are estimates only; your actual savings may be different.
If your home needs other repairs, you may qualify for a regular home
improvement loan.
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Energy Smart™ Loan Details
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Type of Loan |
Fixed rate loans for energy related improvements. |
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Interest Rate |
Currently 2%. (The rate is reduced from 6% by payments
from NYSERDA.) |
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Loan Amount |
Combined value of all loans on the property usually cannot exceed
110% of property value. |
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Eligible Properties |
One- or two-family owner-occupied homes. |
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Lending Area |
Anywhere in Tompkins County. |
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Income Eligibility |
No income requirements |
Funding for these loans comes from NYSERDA,
the New York State Energy and Development Authority. Call
INHS or go to NYSERDA's web site, www.GetEnergySmart.org, for more details.
Questions?
Contact Diana Garcia at dgarcia@ithacaNHS.org.
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