Energy Efficiency Loan Program – Requirements

Applicant Eligibility:
  • Delaware Resident
  • Property owner and Owner-occupied (The property can be a detached or attached one to four unit residence. Attached units are duplexes, condominiums, and townhomes.)
  • New construction and commercial properties are not eligible
  • Minimum Credit Score of 650
  • Maximum Monthly Debt to Income Ratio of 40% (Note: All applicants are required to submit their past four months of paystubs or any other source of income.)
Eligible Projects
  • Air Sealing – Building Performance Institute (BPI) standards, Energy Star Guidelines and/or ASHRAE 62.2-7 2007 Ventilation Standards
  • Duct Sealing – HERS Test and a copy of the CF6R Form required
  • Attic Insulation – R20 Minimum
  • Wall Insulation – Minimum R11
  • Crawlspace Wall Insulation
  • Heat Pump (Air Source or Ductless) – Minimum 14.5 SEER, 12 EER, 8.2 HSPF
  • Central Air (Package System or Split System) – 14.5 SEER
  • Furnace (Gas or Oil) – Minimum 90 AFUE
  • Water Heater – Energy Star Certified
  • Boiler (Gas or Oil)- Minimum 85 AFUE
Loan Details:
Total Loan Amount Interest Rate Maximum Term
$1,000 – $30,000 5.99% 10 Years
Application Process:

All applicants must have an energy audit performed by a participating contractor or energy advisor prior to submitting their application. Applications can be completed online by the homeowner at The application has two parts, initial and final. After Part I is submitted, applicants will receive an eligibility letter via email. If approved, the contractor may begin work. Applicants must begin their installation within three months of the acceptance. Once installation is complete, the applicant must complete Part II. Part II must be completed within six months.

*Approved Applicants: After Part II documents have been submitted and reviewed, the applicant will receive a notice via email. Once funds have been dispersed to the installer, the homeowner will begin their loan repayment the following month. Homeowners can opt for paper or electronic statements.