Texas: CPS Energy Savers Loan Program®
| Loan Features | Current Interest Rates |
| Eligible Measures | Selecting a Contractor | How to Apply |
The City of San Antonio is approaching the close of the CPS Energy Savers Loan Program term, and as of March 29, 2013, Energy Finance Solutions will no longer be accepting new loan applications for this Program. Potential EFS Loan customers must complete and submit a loan application no later than Friday, March 29, 2013. Following review and approval of the loan, customers and their contractors will have sixty days to complete the project. All existing loan customers will be contacted to ensure that their loan is closed before the June 30, 2013 closing date. We appreciate the opportunity to have serviced your financing needs through this program. Energy Finance Solutions will continue to serve contractors in the state of Texas through their market rate unsecured loan product. If you should have further questions, please contact Whitney Schorr, 1-866-826-4357, for further information.
Energy Finance Solutions, in partnership with the City of San Antonio, is currently offering a financing program for customers located within
the CPS Energy service territory. Homeowners may finance a number of energy efficient measures such as heating and cooling equipment,
insulation and other approved measures. All measures to be installed must meet a minimum efficiency requirement of at least 15% energy savings to be eligible for financing.
Program Workflow Process
For additional program information, please visit: www.cpsenergysavers.com.
*CPS Energy Savers Loan Program is brought to you in partnership with the City of San Antonio through the Department of Energy and is funded in part
by the American Recovery and Reinvestment Act.
Loan Features
Key features of an EFS energy loan:
- Residential owner-occupied single-family and duplex homes
- Unsecured loan (homeowner provides no collateral)
- Borrowers can finance $2,500 - $20,000
- Fixed rate loan terms available: 3, 5, 7 and 10 years
- No fees, points, or closing costs
- No prepayment penalty
- Can finance 100% of installation costs*
- Quick approval process
- Approved contractors only
*Installation must be for qualified energy efficiency measures. See Eligible Measures list below, or visit the CPS website for more details.
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Current Interest Rates
Low interest rates based on credit scores
| 0.00% APR | 720 and above |
| 1.99% APR | 680-719 |
| 3.99% APR | 640-679 |
Interest rates effective 3/1/2012 and are subject to change.
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Eligible Measures
To be eligible for financing, you must first have had an audit performed on your home through the CPS Energy Savers Program.
EFS' energy loan is designed to promote the installation of high efficiency measures, making your home more energy efficient.
Therefore, all measures to be installed must be selected from your CPS Audit Report,
and meet the minimum efficiency requirements to be eligible for financing. The following list provides you with the efficiency
requirements of all measures eligible for financing. Please see the
Eligible Measures list provided.
Additional information can be found at:
http://www.cpsenergysavers.com/residential/about-energy-savers/cps-rebates/.
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Selecting a Contractor
Once you have completed the audit and have identified installation measures from the audit report, the CPS Energy Savers Program can help you find reliable
and approved contractors that you can trust to make the most of your home energy upgrade. Your installation contractor must also be approved by EFS for
your installation to be eligible for financing.
Please click here to search for
approved Contractors.
As of October 1, 2012, registration for new Contractors is closed.
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How to Apply
We are no longer accepting applications for this program.
Submit to:
Energy Finance Solutions
431 Charmany Drive
Madison, WI 53719
Fax: 608.249.5788
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