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Investing in energy efficiency measures in your home or office can save energy, and thus lower your utility bills. It’s a win-win. To help you invest ...
Friday | August 31, 2018
All News

Save energy and dollars with LPEA’s On-bill Financing Program

 

Investing in energy efficiency measures in your home or office can save energy, and thus lower your utility bills. It’s a win-win.

 

To help you invest in energy efficiency projects, La Plata Electric Association, Inc. (LPEA), in partnership with 1st Southwest Bank, offers an On-bill Financing Program. Apply for a low-interest loan to finance your energy efficiency projects. Repay that loan monthly over time on your LPEA electric bill.

 

Q: What projects are eligible for financing?

A: The On-bill Financing covers labor and materials for projects such as caulking/weather-stripping, insulation, LED lighting, storm or thermal windows and doors, insulating window coverings, water heaters, heat pump systems or other heating or cooling systems that reduce energy consumption – and more.

 

(New home construction and distributed generation projects (i.e. solar panels) are not eligible for this program.)

 

Q: How much can I apply for with On-bill Financing and what are the terms of the loan?

A: LPEA customers-in-good-standing can apply for loans up to $7,500. With an established LPEA credit rating, customers could receive a 3.95% annual percentage rate [APR) and can pay the loan back monthly over time on the LPEA electric bill [term to be determined].

 

Q: Can I hire an outside handyman or contractor to do the work under this program?

A: Yes. The financing includes purchase of the materials (such as caulking/weather stripping or LED flood lights) and will cover the cost of the labor to do the installation for you.

 

Q: What’s the catch?

A: Nothing that we can see. Investing in energy efficiency measures pays on-going dividends with lower electric (and other utility) bills. The low-interest loans and on-bill financing help LPEA members/customers finance these projects over time, while you begin to reap the energy-saving benefits as soon as the efficiency measures are complete.

 

Q: How do I apply for the On-bill Financing?

A: Download the application below, and don't hesitate to call us with questions. Applicants must be in-good-standing and have an established credit rating with LPEA.

 

LPEA On-bill Financing Application Form (PDF file)

 

For additional LPEA On-bill Financing Program information call (970) 247-5786.

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©2019 La Plata Electric Association, Inc. A Touchstone Energy Cooperative

  • Home
  • About Us
    • ABOUT LPEA
      • LPEA History
      • Annual Report
      • Contact Information
      • Cooperative Difference
      • Cooperative Principles
      • Employment & Career Opportunities
      • Mission & Vision Statement
      • Strategic Plan
      • Together We Save
      • Touchstone Energy
    • BOARD DIRECTORS
      • Board of Directors
      • Board of Directors Meeting Agendas
      • Board of Directors Meeting Minutes
      • Board of Directors Meeting Videos
      • Board of Directors Resolutions
      • Board Director Candidate Information
      • Long-Term Strategies Sub-Committee
      • Power Supply Committee
      • CEO Vision
      • Annual Meeting
      • Voting Districts
      • Calendar of Events
    • POLICIES & REGULATIONS
      • Policy 303 LRGF Grant Request Committee
      • LPEA Policies
      • Articles of Incorporation
      • Bylaws
  • Community
    • COMMUNITY PROGRAMS
      • Round Up Foundation
      • Energy Outreach Colorado
    • EDUCATIONAL PROGRAMS
      • Presentations & Workshops
      • Educational Electricity Programs
      • Educational Grants
      • Electric Utility Terms
      • Electric Vehicles (EVs)
      • Scholarships
      • Cooperative Youth Leadership Camp
      • Youth Tour
  • Electric Services
    • BILLING
      • Billing Payment Options
      • Budget Billing
      • Capital Credit Refunds
      • On-bill Financing Program
      • SmartHub Application
    • COMMERCIAL SERVICE
      • Commercial Service
    • RESIDENTIAL SERVICE
      • New Construction
      • New Member Information
      • Forms & Applications
      • AMI Meter Information
      • Electric Energy Rates
      • Time-of-Use Program
      • Undergound Utility Line Location
  • Member Services
    • GREEN POWER
      • Green Power Program
    • LOCAL RENEWABLE GENERATION
      • Community Solar Gardens
      • On-Site Net Metering Program
      • Photovoltaics
      • REC Payment & Tax Incentives
      • Renewable Generation Forms
      • Local Funding for Renewable Projects
      • Long-term Alternative Energy Outlook
      • Colorado Renewable Portfolio Standard Compliance Report
      • Interconnection Standards Cogenerators & Small Power Producers
    • ENERGY EFFICIENCY PROGRAMS
      • Energy Assessments
      • Energy Conservation Tips
      • Energy Saving Tips ─ Laundry
      • Energy Saving Tips ─ The Whole House
      • Energy Savings Tips ─ The Kitchen
    • LIGHTING
      • Lighting Information
      • Area Light Rental
    • PRODUCTS
      • Electric Thermal Storage (ETS) Heater
      • Marathon Water Heaters
      • Socket Arrestors
    • REBATE PROGRAMS
      • Rebate Programs
      • Energy Efficiency Audit Rebates
      • Energy Star Appliances Rebates
      • Energy Star Air Conditioner Split System Rebates
      • Heat Pump System Rebates
      • Lighting Rebates
      • Permanent Electric Heater Rebate
      • Water Heater Rebate
  • Safety
    • ELECTRICAL SAFETY
      • Electrical Safety Checklist
      • Electrical Safety Tips Quiz
    • ELECTRICAL SAFETY TIPS
      • Indoor Electrical Safety Tips
      • Outdoor Electrical Safety Tips
      • Severe Weather Safety Tips
        • Lightning Safety
      • Generator Safety
  • News & Outage Center
    • Fast Facts
    • Colorado Country Life
    • WATT'S UP Member Newsletter
    • Outage Viewer Map
    • Power Outage Tips
    • Power Restoration Plan
    • Report An Outage
    • Standby Generator Requirements
    • Social Media Platforms
    • OTS
  • Contact Us