Austin Energy Loan PRograms

Velocity Credit Union and Austin Energy have teamed up to bring you access to low-cost financing at favorable terms for a variety of energy-related home improvements.

Austin Energy logo

Loan Programs

  1. Home Performance with ENERGY STAR®
  2. Solar Residential

Austin Energy Home Performance with ENERGY STAR®

Need a new AC?

The improvements can include the installation of:

  • Energy-efficient air conditioning and heating
  • Attic insulation
  • Duct system improvements
  • Seal the building envelope
  • Solar shading screens or film

Owners of residential properties that are at least 10 years old and serviced by Austin Energy are eligible to apply, subject to current Home Performance with ENERGY STAR® guidelines.

Borrowers must be eligible for Austin Energy’s Home Performance with ENERGY STAR® program.

General program requirements

For program details. In general, the requirements are as follows:

Check mark​ Only owners of 10-year or older single-family homes, condominiums, town homes, duplexes, triplexes, fourplexes, and rental properties serviced by Austin Energy are eligible.

Check mark A participating contractor with Austin Energy must perform the home energy analysis and make all energy efficiency improvements.

Check mark​ To maximize energy efficiency and performance, new air conditioning units and heat pumps must be properly sized according to specific guidelines communicated to the participating contractors.

Do you qualify? Apply Now!

Loan rates as low as 1.99% APR! (Rates subject to change.)

See the chart below for loan amounts, terms and sample payment amounts.

Rate Payment
Approximate Monthly Payment
per $1,000 Financed
$1,500 - $10,000 Up to 60 1.99% $26 - $175 $17.53
$1,500 - $15,000 Up to 120 2.99% $14 - $145 $9.66

Learn more or apply now by filling out the form below!

For borrowers who qualify, Velocity Credit Union is offering loans with a fixed interest rate as low as 1.99% APR and loan repayment terms of 5 or 10 years, depending upon the loan amount. Loans can be paid off early without a pre-payment penalty.  

To qualify for the special 1.99% to 2.99% APR, the following conditions must be met, in addition to the general program requirements specified above:

  • The potential energy savings of the recommended upgrades must meet the minimum criteria.
  • Minimum 600 credit score.
  • Loans up to $10,000 with terms up to 5 years, 1.99%
  • Loans up to $15,000 with terms up to 10 years, 2.99%
  • 1st payment can be set up to 45 days out.

Want to know more? Click here for frequently asked questions.

Solar Residential

Are you thinking about going solar? Solar residential systems are clean, quiet, and efficient ways of generating renewable energy at your home. Austin Energy provides solar education to help you become an informed shopper and offers a rebate to help you with your purchase.

Austin Energy wants you to have a great experience, and to make the best investment possible.

With the Austin Energy Solar Residential Rebate Program you can:

  • Reduce your energy bill.
  • Improve our environment.
  • Get the knowledge you need to make an informed decision.
  • Earn an Austin Energy rebate of $2,500.
Rate Payment
Approximate Monthly Payment
per $1,000 Financed
Up to $20,000 60 5.50% Up to $383 without insurance $19.15
Up to $20,000 120 5.99% Up to $222 without insurance $11.10
  • Minimum 660 credit score.
  • Max loan amount of $20,000.00.

Check your eligibility and learn more about the solar heating program at Austin Energy. When you're ready, apply below!


Austin Energy Loan Program Application

Apply if you meet the general program requirements specified above.
Type of Loan — Choose from Austin Energy Home Performance with ENERGY STAR® or Austin Energy Solar Residential

* Credit score and credit report source and type determined by Velocity Credit Union’s standard lending practices
** Subject to Velocity Credit Union’s normal underwriting requirements and borrower qualifications
* indicates a required field

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