OPALCO expands support for home and business energy efficiency projects
Posted March 30, 2022 at 12:26 pm by San Juan Update
OPALCO shares an update about the $46 million in funding available to Islanders considering certain types of energy efficiency improvements to their home or business.
OPALCO members can now finance up $100,000 (per membership) in efficiency upgrades for their home or business. Projects that qualify include home heating units (ducted and ductless), smart thermostats, weatherization measures like windows, doors and insulation, solar and battery projects, energy star appliances, fiber internet, electric vehicle chargers, and commercial projects.
OPALCO’s Switch It Up program is an on-bill financing program that’s easy to qualify for, requires no money down, and financing terms of up to 10 years at 2% interest. To qualify you must be a co-op member in good standing, meaning you have paid your power bill on time for 12 months. The first steps are to get a bid from a contractor and fill out the online application.
Join us on April 6 via Zoom at 5 p.m. to find out how to Fast Start your Switch It Up Project. Email [email protected] to find out how to register.
This program is funded by the USDA Rural Energy Savings Program. Since 2018, 228 members in San Juan County have taken advantage of the program – mostly to install ductless heat pumps in their homes. With this third round of funding, OPALCO is able to make a much bigger list of projects available to members.
“This is one of the best things you can do for your energy future,” says OPALCO General Manager Foster Hildreth. “Making your homes all electric and highly efficient will keep your power bills down and is a huge step towards a healthy and green power supply. This is huge capital investment in our community that will have benefits for generations to come. ”
Find the full list of projects, how to apply, and program details on the OPALCO website.
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