Has the maximum interest rate for Dollar and Energy Saving Loans been lowered?
Yes. Since February 1, 1995, the maximum interest rate for Dollar and Energy Saving Loans has been 6 percent. However, long-term interest rates have declined since 1995 and stabilized at lower levels. To keep loans competitive and continue to provide incentives for borrowers to make energy efficiency improvements in their homes and businesses, the interest rate on loans was reduced to 5 percent effective June 7, 1999. Loan limits on single family and multi-family homes were also raised to $25,000 and $75,000 respectively. Are there even lower rates available for loans for waste minimization projects in business operations? Yes. Loans at 2.5 percent are available to Nebraska businesses and manufacturers, as well as Climate Wise and Rebuild Nebraska partners who have facilities in Nebraska to undertake eligible waste minimization projects. These loans are available for any projects that are completed and funded by December 31, 1999. Eligible projects vary from pollution prevention assess
