Mortgage & Finance

Making energy efficent furnaces affordable

Furnaces are expensive and so are roofs and windows. I recently talked to a neighbor who says her furnace has not worked properly for three years and she can not afford a new one. 


There are some low interest and no interest loan programs available for people who wish to buy and energy efficient furnace.  In most cases the income limits are pretty liberal.  

There are also some tax incentives for purchasing energy efficient heating or cooling systems.  Here are some local programs for low or no interest loans that can be paid off over periods of up to 20 years.  Some of these programs also work for replacing windows, doors and even roofs.  


Neighborhood Energy Connection (NEC)

City living program – City of St. Paul

Center for Energy and Environment 

Ramsey County deferred payment program

Keep in mind that especially here in Minnesota a home has to have a furnace and when you when you put a new one in your homes does not increase in value by the amount of money that the furnace cost. 

One comment on “Making energy efficent furnaces affordable
  1. Tom Jackson says:

    That’s great that there is local assistance for this in your area. I’ll have to do some research and see what we have in Ulster County as a resource for my clients. Happy Holidays to you and yours!


Teresa Boardman
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Licensed Broker
Saint Paul Home Realty
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