ODOD - Double Saving Loan

The Ohio Department of Development (ODOD) and the Office of Energy Efficiency (OEE) offers a Double Saving Loan to qualified residential borrowers. Projects that improve energy efficiency in a one- to three-unit residential building are eligible for a interest-rate reduction of up to 50% through a linked deposit. Possible projects include the installation of Energy Star products and equipment, as well as home insulation and weatherization. Weatherization projects will either need a Home Energy Rating Systems (HERS) rating or to be installed by an approved and Ohio OEE trained contractor. Borrowers first contact a private lender for funds and then apply for approval under the Ohio Double Saving Loan program. Not all Ohio financial institutions are participating in this program; contact the Ohio OEE for more information. This program is funded through a system benefits charge; only residents who are in the service area of AEP, Cinergy, First Energy, Dayton Power and Light and Monongahela/Allegheny Power are eligible to apply.