Home > News > Germany Saarbrucken Participation Program
Germany Saarbrucken Participation Program
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Germany Saarbrücken Participation Programme |
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Active |
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Funding Mechanism |
Loan fund |
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Duration |
1988- ongoing |
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Objectives |
To provide low interest loans for energy and water conservation in order to eliminate Saarbrücken's dependence on fossil fuel. |
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Sponsors |
City of Saarbrücken and Stadtwerke Saarbrücken (utility) |
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Eligible Sectors |
Residential |
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Eligible Projects/Technologies |
Insulation, heating systems, planting of greenery on facades, installation of solar systems (thermal and photovoltaic), systems for the use of rain-water – essentially any household improvement which is related to energy efficiency, energy conservation, or water conservation. |
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Fund Endowment |
N/A |
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Terms |
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-Funding Instruments |
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Loans, Stadtwerke Saarbrücken subsidizes these loans, which are provided by a local partner bank, e.g. Saarbrücken Sparkasse. |
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-Interest Rates |
Varied from 3 to 5 points below the going commercial rate – presently 2.86%. |
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-Payback |
5 years |
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-Size |
Up to DM 20,000 for each individual measure. |
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-Collateral |
No |
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-Share of loan in project cost |
100% |
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-Loan criteria |
The Stadtwerke Saarbrücken defines the loan criteria. In any case, the project must reduce the amount of energy used (or water). |
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Comments |
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Sources |
City of Saarbrücken |
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Contact Information |
1) City of Saarbrücken , Dr. Jürgen Lottermoser Juergen.lottermoser@saarbruecken.de
2) Sparkasse Saarbrüecken service@sparkasse-saarbruecken.de |
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