SolarCity Launches Loan Program for Energy Efficiency Upgrades

SolarCity Launches Loan Program for Energy Efficiency Upgrades

Susan Carpenter writes in a Los Angeles Times (3/27) blog posting, “Owners who want to make their homes more energy efficient but can‘t pay for improvements up front have a new option: The Home Energy Loan program from SolarCity introduced Monday allows homeowners to finance energy efficiency upgrades through 10-, three- or one-year loans, the last of which comes with no interest.” On average, homeowners spend “about $1,900 annually on utilities, according to the US Department of Energy.” Almost 50% of the energy used is wasted. The firm “can audit home energy consumption, recommend ways to reduce usage and identify rebates.”