how to pay for it – NOVA
Northern Virginia homeowners can access cash rebates and special financing to maximize your savings. These are listed below for Alexandria and Arlington residents. You can also learn more about federal tax incentives.
Income-qualified homeowners wanting to improve their home’s energy efficiency by 20% or more are eligible to receive a $250 cash rebate for a home energy assessment performed by a LEAP Home Performance with ENERGY STAR service provider.
Washington Gas Rebates
$200 rebate on ENERGY STAR natural gas furnaces
$30 rebate on programmable thermostats
For information on how to apply for these rebates, CLICK HERE.
Federal Tax Incentives
Many of the projects in LEAP’s Home Performance with ENERGY STAR are eligible for federal tax credits. To learn more, click here.
We are proud to offer Northern Virginia residents several loan options. Our credit union partners offer loans that serve most residents in northern Virginia.
Arlington Community Federal Credit Union Offers the “Energy Improvement Loan”
This unique loan offers Arlington County residents special loan terms and extremely competitive financing options for home energy improvements made through the Home Performance with ENERGY STAR home improvement program. Below is an outline of the two main types of Energy Improvement Loans.
$3000 – $10,000 3 – 7 year term As low as 4.99%
$5000 – $30,000 4 – 20 year term As low as 3.99%
CommonWealth One Federal Credit Union offers two Loan Programs. CLICK HERE to redirect to their website, for more specific information.
I. The Alexandria Energy Saver Loan
Eligibility — Must be a Homeowner in the City of Alexandria with a qualifying Energy Efficiency project as determined by LEAP
Income Maximums — Household income must be less than the Median Household Income for the Metro area.
Term: Up to 10 years depending on the loan amount
Minimum Payment: $45
II. The Home Performance Loan — this loan is for anyone who doesn’t meet the income limits above or who lives outside of the City of Alexandria but in the areas of Northern VA that LEAP serves. (this includes Fairfax County, Prince William County, and Loudon County)
Eligibility — Must be a homeowner with a qualifying Energy Efficiency project as determined by LEAP
Rate: 7.9% to 11.9% depending on credit qualification
Term: Up to 10 years depending on loan amount
Minimum Payment: $45
Many of these financing options are only available due to the generosity of the City of Alexandria. The City of Alexandria supports the Northern Virginia Home Performance with Energy Star Program and has provided limited financial support for the creation of the Alexandria Energy Saver Loan Program to ensure that City residents have access to affordable financing for residential energy efficiency improvements.