Holland residents can finance home energy upgrades from insulation to furnaces through a new program that will launch this fall.
The on-bill loan program from the Holland Energy Fund will coordinate with the Holland Board of Public Works to help city residents finance certain projects.
The hope was to launch the loan program in August, but work is still underway.
“We are not yet taking applications, but are still working on the back of the house processes and procedures and forms and information exchanges,” said Anne Saliers, community energy services manager. “It’s making really good progress.”
Applications for the on-bill loan program will likely be able to be accepted in October.
The Holland Board of Public Works’ oversight board met Monday to approve a credit line for up to $3 million for the loan program
Homeowners would be able to receive a loan for any project that is within the Michigan Energy Measures database released by the Michigan Public Service Commission.
Those are projects with documented energy savings — including new light bulbs, solar panel, Energy Star appliances, insulation, caulking and sealing, new windows, new furnace or air conditioning, Saliers said.