Vermontâ€™s Warm and Weatherized Loan Program, a new program announced in September by the State Treasurerâ€™s Office, has dropped one percentage point, making it more affordable to Bennington, Vermont Real estate owners. The fixed interest rate on loans is now 2.75%.
In the fall of 2008, the Treasurerâ€™s Office partnered with TD Banknorth and Efficiency Vermont to make loans available to Vermont homeowners who want to make their homes more energy efficient.
Â Â â€œThe program gives Vermonters another opportunity to decrease their energy bills,â€said State Treasurer Jeb Spaulding. â€œThe lower interest rate makes this option even more affordable to homeowners.â€
Loans range from $2,500 to $5,000. Some improvements eligible under the program include:
â€¢ Comprehensive whole-house air sealing
â€¢ Added attic or wall insulation
â€¢ Lighting efficiency upgrades
â€¢ Any health, safety or moisture control measures associated with the improvement package.
As a limited time offer through March 31, 2009, Efficiency Vermont will pay 10% or up to $500 of the cost of comprehensive improvements that fit the requirements of the offer.
The loan program runs through June 30, 2009. For more information, contact the TD Banknorth branch closest to you.