Updated about 5 years ago on . Most recent reply
Rhode Island Tax and Loan Incentives
Has anyone used or know of any local projects taking advantage of tax credits or low-interest loans?
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@Fan Bi I've used National Grid rebates a couple of times. They're very seasonal but they can be real money if you happen to catch one at the time you need it. Kinda like coupons in that way.
RISE Engineering is a great service, I recommend everyone - home owners and rental property owners alike - take advantage of them. After all, we're paying for them anyway (it comes out of one of the line items on our National Grid bills, I forget which one, it's something generic sounding like "RI energy programs").
They do decent work at a great price and it will save you energy/money over the long run too. The only challenge is that they are usually very backed up, so if you make an appointment now it could be 3-9 months before they actually can come out and do the energy assessment.
I haven't used any of the interest free or low interest loan programs for doing lead safe/remediation work, that I think you're asking about, but I am loosely familiar with them.
Basically while I appreciated knowing about those programs, I'd already budgeted for that work in my rehabs and didn't feel like being slowed down to apply for and arrange for the loan when I didn't need a loan in the first place. But I can see the appeal it could have especially if you're already stretched thin on your rehab budget.
If you're really interested in that I can hook you up with someone who knows those programs inside and out.