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Winter Offers from Austin Energy

November 19, 2012 |

Home Performance with ENERGY STAR. Providing Austin with the power to save.

Austin Energy’s Home Performance with ENERGY STAR is empowering you to lead the charge in residential energy efficiency. Now homeowners have the opportunity to choose between valuable rebates or a low-interest loan – or get both by completing a list of approved measures.

REBATE ONLY
Austin Energy will continue to offer existing Rebate Only levels for the installation of new HVAC or heat pump and all weatherization measures (if needed). There are no program changes to Rebate Only incentive levels. Austin Energy has added additional rebate-able measures.

Beginning October 1st,  2012 Home Performance with ENERGY STAR offers rebates on the following improvements:

WEATHERIZATION MEASURES
· Duct repair and sealing
· Additional attic insulation
· Solar screens, window film, and Low-E glass
· Caulking and weather stripping
· Attic radiant barrier/reflective materials

HEATING AND AIR CONDITIONING
· Air conditioner or heat pump (15 SEER/12.5 EER or greater)

NEW ADDITIONAL MEASURES
· CFL’s – $3.00 per fixture
· Water Heater Pipe Wrap Insulation – $3.00 per LF
· Variable Speed Pool Pumps – $300 per unit
· Energy Star® rated Refrigerators – $120 per unit

LOAN ONLY
Austin Energy’s Home Performance with ENERGY STAR program continues to make financing easy, providing homeowners with low-interest loans from Velocity Credit Union to make needed energy-efficiency improvements. Beginning October 1st, 2012 the maximum loan amount will increase from $11,000 up to $15,000 per job.

LOAN PLUS REBATE
Austin Energy’s Home Performance with ENERGY STAR program now allows homeowners to get the best of both worlds. For homes that achieve a minimum of 15 points based on approved prescriptive measures, Austin Energy will offer both Low-Interest loan and Rebates for the following measures:

WEATHERIZATION MEASURES
· Duct repair and sealing
· Additional attic insulation
· Solar screens, window film, or Low-E windows
· Caulking and weather stripping
· Attic radiant barrier/reflective material

HEATING AND A/C
· Air conditioner or heat pump (15 SEER/12.5 EER or greater)

NEW ADDITIONAL MEASURES
· CFL’s – $3.00 per fixture
· Water Heater Pipe Wrap Insulation – $3.00 per LF
· Energy Star® rated Refrigerators – $120 per unit

TERMS AND CONDITIONS FOR LOAN PLUS REBATE OPTION
· Contractors are required to up-load a signed “Loan plus Rebate” eligibility form at the time the application is submitted into

POWER SAVER PRIOR TO VERIFICATION
· Submission of the eligibility form does not guarantee approval.
· All rebates from Austin Energy and Texas Gas Service are assigned to the contractor.
· Additional measures have been added (CFL’s, refrigerators, pipe wrap insulation). These measures are not considered weatherization measures required to qualify for the weatherization bonus.
· Weatherization measures must total $100 minimum in incentives.
· Loan interest rate as low as 3.99% depending on applicants’ credit rating through Velocity Credit Union.
· Homeowners can finance up to $20,000 in approved energy-efficiency improvements (based on actual project cost, less all rebates).
· Financing available for up to 10 years.

To receive the weatherization bonus you must adhere to the following HPwES guidelines as found in the residential handbook and located on Austin Energy’s website. All recommended weatherization measures MUST BE COMPLETED & HVAC sized 600 sq ft per ton or greater to qualify.

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