State offers homeowners low-interest loans to upgrade HVAC, other equipment
Pennsylvania’s recently expanded Keystone Home Energy Loan Program, known as KeystoneHELP, offers homeowners low-interest unsecured loans for home improvements that meet Energy Star guidelines.
Energy Star is the U.S. Environmental Protection Agency’s program that certifies energy-efficient appliances, air conditioners and other consumer goods.
“Pennsylvania homeowners trying to find relief from the heat should not have to break a sweat when facing skyrocketing electric bills all summer,” state Treasurer Robin L. Wiessmann said. “Our KeystoneHELP program provides a lower interest way for Pennsylvania homeowners to affordably improve the energy efficiency of their homes and save money on their utility bills.”
The state’s treasury joined with Allentown, Pa.-based AFC First Financial Corp. last year to spend up to $20 million in the next three years to expand the loan program. Approved homeowners can receive rates as low as 6.9 percent for energy-efficiency upgrades.
“Using energy-saving products and practices is good for our environment and the public’s health because it helps reduce pollution that causes air-quality problems,” said EPA mid-Atlantic administrator Donald S. Welsh. “The Energy Star program has been incredibly successful in getting more and more people to know that conserving energy helps our environment - and saves you money, too.”
State officials say residents have received more than $9 million in program loans so far.