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Pennsylvania embraces HELP

With the clever initials HELP, a program from the state of Pennsylvania has been launched to help homeowners get loans for home energy efficiency projects.

The Keystone Home Energy Loan Program (HELP) helps qualified Pennsylvania homeowners take advantage of lower-rate, fixed-term loans for whole home energy efficiency projects.  

"Keystone HELP is a national model for sustainable lending to retrofit existing homes with efficient equipment," Pennsylvania Treasurer Rob McCord said. "We are adding this new financing option to an existing suite of loans to save homeowners money, conserve energy, and create demand for green-certified installers and manufacturers."

The new Conservation Audit and Performance Protocol (CAPP) Loans can be used for qualifying activities such as insulation and air sealing, as well as other Energy Star improvements involving heating and cooling equipment. Unsecured loans up to $15,000 are available under CAPP for three-, five- or 10-year terms at an interest rate of 2.99%, the lowest rate HELP has ever offered for unsecured loans. 

"The more we can do to encourage affordable energy efficiency, the closer we get to the world we all want -- clean and less reliant on foreign and carbon-emitting energy sources," McCord added.