City of Lauderhill - Revolving Loan Program

Last updated: July 21, 2020

Program Overview

Implementing Sector:Local
Category:Financial Incentive
State:Florida
Incentive Type:Loan Program
Web Site:http://www.lauderhill-fl.gov/news-events/interest-free-loans
Administrator:City of Lauderhill
Eligible Renewable/Other Technologies:Solar Water Heat, Solar Photovoltaics
Eligible Efficiency Technologies:Clothes Washers, Dishwasher, Refrigerators/Freezers, Air conditioners, Other EE, Tankless Water Heater
Maximum Loan:$2,500
Loan Term:no more than 2 years; zero interest

Summary

City of Lauderhill - Revolving Loan Program

The City of Lauderhill offers interest-free loans for EnergyStar appliances through a municipal revolving loan program. Loans from $400 to $2,000 are available to homeowners purchasing new Energy Star certified appliances from eligible retailers. Tankless water heaters, solar photovoltaic systems, and solar water heating systems are also eligible for the loan program. Loan funds must be repaid within a two year period. Eligibility will be determined within 10 business days.

Loan funds are made payable directly to the retailer within a week of the time the final loan documents are signed. A check will be made payable to the retailer, must have a quote or invoice from the retailer with the name of the retailer and address. For Solar Powered Systems, the check will be made payable to the contractor with a 10% holdback. The holdback check will be released upon submittal of a Completion Certificate signed by both the borrower and the contractor and copies of all required city permits (if applicable). Any costs in excess of the contractor's bid/quote will be the customer’s responsibility.

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