State officials on Thursday announced a new home energy efficiency program that will offer rebates and low-interest loans.
KY Home Performance is funded by a $4 million grant from federal stimulus dollars, as well as $2.1 million from the Kentucky Housing Corporation, which will administer the program.
The program offers a rebate of up to $2,000 or financing for qualified improvements of up to $20,000. That financing is at a 6.99 percent interest rate for a maximum 10-year term. To view terms and conditions or to register, visit www.kyhomeperformance.org.
State officials believe at least 1,200 homes will make renovations through the program by March 2012, according to a statement.
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The first 1,000 homes to participate will receive $150 toward the cost of a KY Home Performance energy evaluation. They will also receive a free quality-assurance evaluation to verify the installation of improvements, according to a statement.
The officials launched the program at Lexington's Arronco Comfort Air, an installer of geothermal heating and cooling systems that expects to add 20 employees due to increased demand by the end of 2011.