Section 27-165 Loan criteria.

(a) Under the program established hereunder, loan recipients must own the residential structure or commercial property or equivalent property in Boone County, Missouri for which the improvements are to be made. Recipients must be customers of the electric utility.

(b) Loans shall be made for the following uses :

(1) Residential:

a. Insulation--attic, walls, floor joists, ductwork;

b. HVAC (heating, ventilation, air conditioning) systems. A loan shall not be made for heating systems only ;

c. Heat pump water heater ;

d . Approved solar water heating.

e . Approved photovoltaic systems;

f . Energy Star doors and windows;

g . Upgrades to electrical wiring to meet city codes , when needed for energy efficiency improvements and when approved by the director ;

h. Air sealing;

i. Home performance with Energy Star assessments.

(2) Commercial:

a. Insulation--attic, ductwork and walls ;

b. HVAC (heating, ventilation, air conditioning) systems. A loan shall not be made for heating systems only ;

c . Lighting retrofits.

d . Energy efficient motors and variable frequency drives ;

e . Approved solar water heating;

f . Approved photovoltaic systems;

g . Approved energy management systems;

h . Reflective films for windows;

i . Energy Star reflective roofing ;

j. Air sealing;

k. ASHRAE Level II Audit (equivalent) or investment grade energy audit.

(c) Residential loan amounts shall not exceed fifteen thousand dollars ($15,000.00) plus applicable filing fees for deed of trust. Loans for multi-family structures shall not exceed thirty thousand dollars ($30,000.00) plus applicable filing fees for deed of trust.

(d) Commercial loans shall be restricted to customers that qualify for the small general service rate as defined in Sec. 27-114 and shall not exceed thirty thousand dollars ($30,000.00).

(e) Home performance with Energy Star assessments shall be required for all residential loans.

(f) A minimum ASHRAE Level II Audit or equivalent shall be required for all commercial loans.

(g) A minimum 14 SEER rating, as defined by the Air Conditioning, Heating and Refrigeration Institute (AHRI) is required for all HVAC systems.

(Code 1964, § 15.940; Ord. No. 9785, § 1, 4-18-83; Ord. No. 13794, § 1, 9-7-93; Ord. No. 17895, § 1, 11-3-03; Ord. No. 19681, § 1, 9-17-07 ; Ord. No. 20065, § 1, 9-15-08; Ord. No. 20582, § 1, 03-15-10 )

(Ord. 20582, Amended, 03/15/2010, Prior Text; Ord. 20065, Amended, 09/15/2008, Prior Text; Ord. 19681, Amended, 09/17/2007, Prior Text; Ord. 017895, Amended, 11/03/2003, Prior Text)