PSA: Energy costs for you down? Save $$$ by getting an energy audit & heat loan!

Submitted by MrNoodleOnAcid t3_znnap1 in Connecticut

What’s up people, happy Friday!

Not sure if this has been posted before, so I apologize if it has, but with the cost of energy so high I figured I would share my resources to other fellow homeowners.

First is an energy audit, we scheduled a company to come in and perform one. They sealed up places that had heat escaping from them, replaced faucets / shower heads that we’re more efficient, sealed doorways etc. Best part is at the end they give you a booklet of rebates to make improvements on your home (insulation, boiler replacements, etc) We just redid all of our insulation on our home for like $500, saved us a few thousand dollars. The audit itself was like $100.

Next is the Energize CT loan. Our boiler was old as fuck, literally like 70+ years old, no idea how it lasted so long. So we applied for a low interest loan to replace the boiler. They are replacing our system entirely and now instead of dishing out 10k, the loan company will just add on payments to our elective bill for the next 9 years, but we plan on paying it off sooner than that. Plus the new system will help offset the cost of oil needed since this will be much more efficient.

Home Energy Solutions (energy audit of your home / improvements to your home) Energize CT (0.99% Heat Loans to replace heating systems in your home)

Hope this helps those who are struggling with heat this winter, cheers!

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[deleted] t1_j0iec74 wrote

How did you get away with redoing your insulation for $500, I had the energy audit and they quoted me somewhere between 5-6k

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MrNoodleOnAcid OP t1_j0imacn wrote

It was quoted at like $4k but because of the rebates provided we were only responsible for a small amount. We had ours done a few months ago, did you receive rebates with your audit?

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[deleted] t1_j0j24q1 wrote

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Same_Pay_8419 t1_j0jf1rm wrote

> loan. Our boiler was old as fuck, literally like 70+ years old, no idea how it lasted so long. So we applied for a low interest loan to replace the boiler. They are replacing our system entirely and now instead of dishing out 10k, the loan company will just add on payments to our elective bill for the next 9 years, but we plan on paying it off sooner than that. Plus the new system will help offset the cost of oil needed since this will be much more efficient.

I was able to successfully switch to constellation last month despite having a heat loan through UI. Read the contract for the loan and it said nothing about electricity supplier.

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BryanCalens2ndFamily t1_j0kvx8d wrote

Constellation has no forced lock in agreement, like for residents you can cancel it at a whim or moments notice and either revert to Eversource or another company with no penalty?

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Same_Pay_8419 t1_j0le9g7 wrote

That’s correct. Can cancel anytime.

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BryanCalens2ndFamily t1_j0leop7 wrote

Seems like a no-brainer, I heard a friend mention Constellation as well. I’m guessing they’re the best rate, thanks!

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Wise_Commission_6053 t1_j0kv3fx wrote

I have the 0.99% heating loan. I could pay it off entirely but I refuse to do so. Borrowing at 0.99% is like, FREE MONEY. I save money in a higher interest and tax free earning account, so I’m generating income on the difference at investing at 3-8% vs borrowing at 0.99%. Plus, when inflation is high, the repayment of your loan, in real, not nominal dollar terms, is less. Too bad the loan is only capped at $10K.

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