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September 1, 2004 - Prime Rate Loans help customers save money


September 1, 2004 - Fact Sheet

Prime Rate Loans help customers save money
by conserving energy while helping the environment

  • The ENERGY STAR® Loan event provides homeowners with loans at Prime Rate for high efficiency furnaces or boilers. For qualifying residential customers who purchase a high efficiency furnace or boiler and other natural gas appliance(s) simultaneously, their total loan will be financed at Prime.
     

  • This program is available on ENERGY STAR® qualified furnaces and boilers. ENERGY STAR is an international symbol of energy efficiency indicating the most energy efficient product available.
     

  • Research shows that space heating makes up about 58% of a home's annual heating costs. With a high efficiency furnace (96% efficiency), customers can save up to $570 a year (compared to a 60% efficient furnace), depending on how much natural gas is consumed.
     

  • With every high efficiency furnace purchased through the ENERGY STAR Loan event, more than 2.2 tonnes of Green House Gas Emissions (GHGs) will be removed from our environment each year.
     

  • SaskEnergy is the only natural gas utility in the country to offer such a program. The company originally introduced the Prime Rate Loan Program which ran between July 2001 - June 2003 and the ENERGY STAR Loan Event which ran September 8, 2003 - March 31, 2004, to date SaskEnergy has assisted approximately 9,000 customers with $33.5 million in loans, saving them $7.5 million in interest and annual energy costs.
     

  • Loans are offered through over 135 SaskEnergy Network Members across Saskatchewan. The maximum loan amount is $10,000 per customer, for a maximum term of 5 years. The current Prime Rate is 3.75%.


For more information, please contact:

Candace Weimer
Communications Coordinator
SaskEnergy
Phone: (306) 777-9048
email: cweimer@saskenergy.com