ENERGY STAR financing was created to make it easier for consumers to purchase ENERGY STAR qualified products. The Environmental Protection Agency (EPA) and the Department of Energy (DOE) do not provide the funding for the financing. Rather, the EPA works with private lenders and sponsors, such as manufacturer, utility, energy efficiency administrator, or retailer partners, who are interested in providing energy efficiency financing to their customers. Like other ENERGY STAR qualifying products, the EPA allows companies to use the ENERGY STAR label on financing products that meet certain criteria. At a minimum, the EPA requires that the financing product give consumers the incentive to purchase ENERGY STAR qualified products. This can take the form of lower interest rates and longer repayment terms than those offered for non-ENERGY STAR qualified equipment. Both the lender and the sponsor must have a signed agreement with EPA.
Financing rates, terms, and eligible products, vary by sponsored product. Ask your heating and cooling contractor for details.