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Loans & Credit

Energy Saver Loan Program

The Energy Saver Loan Program is designed exclusively for home energy improvement projects and CommonWealth One members. The Alexandria Energy Saver Loan and Home Performance Loan are cost-effective alternatives with affordable, monthly payments. If you would like to make qualified home improvements and realize long-term savings on your energy bills, then one of these loans may be right for you.

Alexandria Energy Saver Loan

  • You own a single-family home, condominium, or townhouse in the City of Alexandria and are a CommonWealth One member in good standing.
  • You are improving your home with a qualifying Energy Efficiency project as outlined by the LEAP program.
  • Your median household income is less than the limits listed below:
    • One person - $75,300
    • Two persons - $86,000
    • Three persons - $96,800
    • Four persons - $107,500

Loan Terms

  • Interest Rates as low as 4.90% APR.
  • No loan-to-value requirement!
  • Income-qualified homeowners wanting to improve their home’s energy efficiency by 20% or more are eligible to receive a $250 cash rebate for a home energy assessment performed by a LEAP Home Performance with ENERGY STAR service provider.

How To Obtain an Alexandria Energy Saver Loan

  • Enroll in LEAP’s Home Performance with ENERGY STAR program.
  • Complete a home energy assessment.
  • Sign a contract with a LEAP participating contractor to install the improvements that will make your home at least 20% more efficient.

Home Performance Loan

You own a single-family home, condominium, or townhouse in Washington, DC or certain areas outside of the City of Alexandria and are a CommonWealth One member in good standing. You are improving your home with a qualifying Energy Efficiency project as outlined by the LEAP program.

Loan Terms

  • Interest Rates as low as 7.90% APR.
  • No loan-to-value requirement!
  • Income-qualified homeowners wanting to improve their home’s energy efficiency by 20% or more are eligible to receive a $250 cash rebate for a home energy assessment performed by a LEAP Home Performance with ENERGY STAR service provider.

How To Obtain a Home Performance Loan

  • Enroll in LEAP’s Home Performance with ENERGY STAR program.
  • Complete a home energy assessment,
  • Sign a contract with a LEAP participating contractor to install the improvements that will make your home at least 20% more efficient.

Contact for more information:

  • CommonWealth One Lending Department at (703) 823-5211, ext. 7611
  • LEAP, Michael Hogan at (202) 222-5426

Disclosures

  • *APR = Annual Percentage Rate. Rates are subject to change at any time. All credit union rates and terms are based upon the evaluation of applicant(s) credit. Your actual rate may vary.
  • Loans are subject to a minimum monthly payment of $45.00.
  • Refinanced funds cannot be used to pay off existing CommonWealth One loan balances.
  • Some rates quoted reflect a .50% reduction for Loan Loyalty Rewards. Example: 2.24% (current rate) less .50% Loan Loyalty Rewards equals 1.74% (your final APR). For more information, please contact us.

Alexandria Energy Saver Loan 

  • Obtain an unsecured loan up to $9,999 for a maximum term of 12 years.
  • Obtain a loan secured by a deed of trust on your home for amounts up to $20,000 for a term up to 15 years. The proceeds of the Alexandria Energy Saver Loan may only be used for energy efficiency improvements.
  • Loan proceeds will be paid directly to the participating contractor.
  • Sample payment: borrow $3,000 for 60 months, pay only $57 per month!

Home Performance Loan

  • Obtain a loan secured by a deed of trust on your home for amounts up to $20,000 for a term up to 10 years.
  • The proceeds of the Home Performance Loan may only be used for energy efficiency improvements.
  • Loan proceeds will be paid directly to the participating contractor.
  • Sample payment: borrow $10,000 for 84 months, pay only $155 per month!