Ohio announces financing help for energy upgrades
OHIO - Ohio's treasurer has announced a new program to provide homeowners reduced interest rates on loans for renewable and energy efficiency improvements.
Treasurer Kevin Boyce said that the Energy Conservation for Ohioans program would provide 3 percent interest rate reductions when homeowners make energy efficiency improvements or install solar panels.
Participating banks include KeyBank as well as community banks such as First National Bank of Bellevue.
Boyce says the interest rate reduction will increase the value of homes and supplement federal tax credits already available for energy improvements.
He also says the program would mean more projects for the energy industry and possibly create jobs.
Related News
Rising Electricity Prices: Inflation, Climate Change, and Clean Energy Challenges
WASHINGTON - In recent months, consumers have been grappling with a concerning trend: rising electricity prices. This increase is not merely a fluctuation but a complex issue shaped by a confluence of factors including inflation, climate change, and the transition to clean energy. Understanding these dynamics is crucial for navigating the current energy landscape and preparing for its future.
Inflation and Its Impact on Energy Costs
Inflation, the economic phenomenon of rising prices across various sectors, has significantly impacted the cost of living, including energy bills. As the price of goods and services increases, so too does the cost of producing and…
