Fort Collins Utilities has launched a new loan program to help residential property owners make their homes more efficient through a financial partnership with the Colorado Energy Office and Bloomberg Philanthropies.
The new EPIC Loan is open to all eligible single-family attached and detached properties served by Fort Collins Utilities. The City offers affordable financing via EPIC Loans, and can be repaid on the owner’s utility bill over 3 to 20 years, a type of loan known as on bill financing.
The City aims to address community wellbeing by targeting less efficient rental properties.
EPIC leverages the Fort Collins Efficiency Works Home program providing a cost-effective process to make older homes more efficient, from an initial energy assessment to project completion. The City partners with local experienced efficiency contractors that offer standardized pricing.
Funding for the EPIC Loan program is provided by third-party sources, not Fort Collins Utilities ratepayers.