Minnesota Housing has created a new program called the Energy Saver Rebate Program, funded through the American Recovery & Reinvestment Act. With the help of federal stimulus funds, homeowners may receive an Energy Saver Rebate for 35 percent of the cost of eligible improvements financed with the Fix-up Fund loan, up to $10,000. The current interest rate of the Fix-up Fund loan is at 5.99% that is amortized over a period of time not to exceed 20 years. The unreserved rebate program is designed to help homeowners with household income up to $96,500 improve home energy efficiency. Owner-occupied single family, condominium, duplex, triplex or fourplex homes are eligible for the program.

Eligible homeowners must use qualified, licensed contractors. Eligible improvements include: 

• Heating systems, such as furnaces and boilers
• Central air conditioners
• Light fixtures
• Window replacement
• Exterior doors
• Wall and attic insulation in conjunction with attic air sealing
• Water heaters meeting certain conditions  

For more information on this great savings program, contact Vonda Budde at Semcac at 507-864-8241 or vonda.budde@semcac.org .