The program offers homeowners and landlords interest-free loans for insulation, smart thermostats and other residential improvements. The loans would be repaid over three to five years with the savings from the upgrades.
Specifically, the program is made possible through a grant awarded to local energy analytics firm EmpowerSaves and housing nonprofit Cincinnati Development Fund by the Duke Class Benefit Fund.
Officials hope to lend out the $500,000 to roughly 200 to 250 homeowners or landlords to each make upwards of $3,500 worth of energy improvements which are expected to deliver saving in the range of 25 pct off a homeowner's annual utility bills.
The program, available to Ohio residents in the Duke Energy service area.(Source: Cincinnati.com, 29 Jan., 2018) Contact: EmpowerSaves,www.empowersaves.com/online-assessment
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