Silicon Valley Clean Energy (SVCE) has initiated a Zero Interest Financing Program to support residents in 13 Santa Clara County communities in upgrading to energy-efficient systems. The program provides loans covering up to 100% of the costs for heat pumps and water heaters with no interest, making clean energy solutions more financially accessible. Additionally, it includes ongoing support and bill monitoring to help users realize energy savings that can offset loan repayments. Initially, it is expected to benefit around 200 households in an effort to drive sustainable energy usage.
The Sunnyvale-based nonprofit's Zero Interest Financing Program removes significant upfront costs for homeowners who want to install energy-efficient heat pump systems and water heaters.
Beyond financial accessibility, the pilot program includes bill monitoring and ongoing support for new equipment to ensure that the energy savings realized offset the loan payments.
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