Dollar and Energy Savings Loans (Nebraska)

From Open Energy Information


Last modified on December 17, 2014.

Financial Incentive Program

Place Nebraska

Name Dollar and Energy Savings Loans
Incentive Type State Loan Program
Applicable Sector Commercial, Residential, Nonprofit, Local Government, Multi-Family Residential, Agricultural, Institutional, Energy Star Partners
Eligible Technologies Clothes Washers/Dryers, Dishwasher, Refrigerators, Dehumidifiers, Ceiling Fan, Equipment Insulation, Water Heaters, Lighting, Lighting Controls/Sensors, Furnaces, Boilers, Heat pumps, Central Air conditioners, Heat recovery, Programmable Thermostats, Caulking/Weather-stripping, Duct/Air sealing, Building Insulation, Windows, Roofs, Custom/Others pending approval, Solar Water Heat, Solar Space Heat, Photovoltaics, Landfill Gas, Wind, Biomass, Hydroelectric, Geothermal Electric, Fuel Cells, Geothermal Heat Pumps, Municipal Solid Waste, Tankless Water Heaters
Active Incentive Yes
Implementing Sector State/Territory
Energy Category Renewable Energy Incentive Programs, Energy Efficiency Incentive Programs
Amount Varies

Funding Source Oil Overcharge Funds; miscellaneous state, public power district, and federal funds

Maximum Incentive Traditional Dollar and Energy Savings Loans:

Residential: 100,000;
Multifamily dwellings with 3 or more units: 250,000
Non-Residential: 250,000;
Home Electronics: 25,000;
Office Equipment: 50,000
Wind, PV, Fuel Cells: 125,000
Solar Water Heaters: 14,000
New Home Construction: 417,000
Case-by-Case Basis Loans
Non-Residential: 750,000

Terms Effective interest rate varies between 2.5% and 5% depending on the project.

Payback term ranges between 3 and 15 years.

Program Administrator Nebraska Energy Office

References DSIREDatabase of State Incentives for Renewables and Efficiency[1]


The Nebraska Dollar and Energy Savings Loan program was created in 1990 using oil overcharge funds. The program, administered by the Nebraska Energy Office, makes available low-interest loans for residential and commercial energy efficiency improvements and renewable energy projects.

Renewable energy projects may be eligible for a loan under one of two circumstances. First, a project may be eligible if it is included in a list of prequalified improvements. This list includes a variety of renewable energy projects, including wind, photovoltaics, solar hot water heating, and fuel cells. Second, projects not listed as prequalified improvements may be eligible with the submission of an energy audit that verifies that the project will have a reasonable payback period (varies by improvement type).


The program works by leveraging of State Energy Office funds through collaboration with individual Nebraska banks, savings institutions, and credit unions. An individual seeking a loan under this program first approaches his or her financial institution, which approves the project on financial terms. The financial institution then gains approval from the Energy Office, who can purchase 50%, 65%, or 75% of the loan at 0% to deliver a low interest rate to the borrower.

Terms and Conditions

Under the program the simple interest rates are 5%, 3.5%, or 2.5% for the borrower, depending on the project. Prequalified projects are financed with a low-interest loan for up to 15 years for home and building improvements, 5 years for appliances, and 3 to 10 years for other prequalified projects.

Most loan applications are reviewed and processed within 10 working days. All qualifying work should be completed within 5 months of Energy Office's commitment of funds to invest in lender's fund.

As of August 2011, about 300 lenders at 900 Nebraska locations offer Dollar and Energy Savings Loans, and more than $250,000,000 has financed more than 26,000 projects.

Incentive Contact

Contact Name Jack Osterman
Department Nebraska Energy Office
Address P.O. Box 95085
Address 2 1111 O Street, Suite 223
Place Lincoln, Nebraska
Zip/Postal Code 68509-5085
Phone (402) 471-2867


  • Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]


  1. 1.0 1.1  "Database of State Incentives for Renewables and Efficiency" Cite error: Invalid <ref> tag; name "DSIRE" defined multiple times with different content