City of Plano – Smart Energy Loan Program

The City of Plano has established a loan program in collaboration with the Department of Energy to assist homeowners in Plano who are interested in making energy-efficient improvements to their homes.

In conjunction with BTH Bank, the program offers financing options to participants, contingent upon successful credit approval. The specific terms of the loan, including the loan duration and interest rate, will be determined by BTH Bank. Homeowners can apply for loans ranging from $2,500 to $25,000 to fund energy-efficient upgrades and enhancements to their residences.

An interesting feature of this program is its sustainability, as it will continue to provide future loans once existing loans are paid off. This ensures an ongoing opportunity for Plano residents to invest in energy efficiency measures and contribute to a more sustainable and environmentally friendly community.

It’s important to note that, in accordance with the guidelines set by the Department of Energy and the Energy Efficiency and Conservation Block Grant (EECBG) Template, the Smart Energy Loan Program cannot fund projects that have already been completed. This requirement ensures that the program supports new and upcoming energy-efficient projects, aligning with its goal of promoting sustainable practices in Plano.

For individuals interested in participating in the Smart Energy Loan Program, comprehensive information, including eligibility criteria, required application documents, and a program flowchart, can be accessed on the official program website at www.smartenergyloans.com. This online resource serves as a central hub for applicants to gather all necessary details and navigate through the application process seamlessly. It is designed to provide transparency and accessibility, making it easier for homeowners to make informed decisions regarding energy-efficient home improvements.