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Thinking about adding insulation or replacing your old windows?

SELCO is now offering 0% interest energy conservation loans for owner-occupied homes or condominiums. These loans are available for conversion of an electric heating system to an energy efficient, non-electric heating system (such as gas or oil) or for other efficiency upgrades such as installation of energy efficient replacement windows, solar panels, geothermal heating systems, or additional insulation.


Residents must contact HELPS for a free home energy audit (1-888-333-7525) and submit a loan application for pre approval before the start of any work.

Energy Conservation Loans


Eligible Improvements
  • Windows, doors, insulation

  • Photovoltaic, wind and geothermal heat pumps

  • Conversion of electric heat to gas/oil heating systems

  • See web site ( for a detailed list of qualifying products

Loan Amounts (max. repayment period 60 months)
  • Windows, Doors, Insulation - up to $3,500

  • Conversion from electric heat to energy efficient gas, oil or geothermal heating systems - up to $10,000

  • Residential photovoltaic or wind - up to $10,000

  • Minimum / Maximum loan amounts - $1,000 / $10,000

Loan Application Process
  1. Customers who are contemplating applying for the 0% interest loan program must first have a free energy audit. The appointment can be scheduled by calling the HELPS program at 1-888-333-7525. SELCO Energy Conservation Loans are available only for owner-occupied homes where the resident has been a SELCO customer for a minimum of 1 year. 

  2. Based upon the audit recommendations and the customer's desire to make the improvements, the customer should get a cost estimate for the proposed work. The customer may do the work him/her self, in this case the materials only are covered by the loan. If a contractor is hired both labor and material costs are covered. 

  3. The Energy Conservation Loan Application (Form A) is available at the SELCO office or online. The Application form and a copy of the Energy Audit must be submitted to SELCO. 

  4. SELCO will review the application and notify the customer of approval or denial of the Loan Application. In the case of the application not being approved, a reason will be given. 

  5. The customer then proceeds to have the approved work completed. 

  6. Following the project completion, the customer again calls the HELPS program for a post-installation inspection. 

  7. The customer will submit an Payment Application (Form B), a copy of paid receipts for the work done, and a copy of the post-installation inspection report at this time. The customer will sign and return a notarized Loan Agreement Contract (Form C). A notary public is available at the Town Clerk's office in the Shrewsbury Town Hall. 

  8. SELCO will process a check for payment and begin billing the customer for the amount due in equal amounts for a period of up to sixty (60) months. A one-time $100 administrative fee will be billed along with the first loan installment.


To apply for a loan, click here for the downloadable PDF,  please fill out all information and bring it into the SELCO Main office for processing.

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