CEE Loan Program

The Center for Energy and Environment offers qualified Minnesota homeowners zero- and low-interest loans for energy-efficient home improvements. These loans provide Connexus Energy members options for financing their purchase instead of applying for a rebate after purchase. CEE, a Twin Cities-based nonprofit organization that promotes energy efficiency to strengthen the economy while improving the environment, serves as the lender and will assist you through the loan process.

CEE offers Connexus Energy members a discounted rate. Connexus does not represent CEE or participate in the loan process.

CEE Published Rate Connexus Member Discounted Rate Maximum Loan Amount Term
2.99% 0% (0%) $7,500 6-60 months
4.99% 2.99% (2.998 APR*) $25,000 61-120 months


*Annual Percentage Rate (APR) based on $25,000 loan for 10 years

Eligible Improvements

The following systems are eligible for CEE loans:

  • Ground source heat pumps that meet or exceed ENERGY STAR® Tier 1 energy-efficiency requirements.
  • ENERGY STAR® qualified air source heat pumps.
  • Electric thermal storage (ETS) space heating systems capable of meeting all or a portion of the home’s heating requirements by storing heat produced from electricity during a nightly, off-peak period.
  • ENERGY STAR® qualified heat pump water heaters.
  • ETS water heating systems with an energy factor (EF) of 0.90 or greater, and a storage capacity of at least 80 gallons. Heating elements must be wired to limit demand to no more than 5.5 kW. If more than one tank is used, they must be wired in series.

Credit Requirements

Borrowers must be current on mortgage payments, property taxes, and their Connexus Energy electric bill. Credit history must:

  • Reflect no payments 30 or more days late in the past 12 months.
  • Not have a bankruptcy in the last 24 months without a reasonable explanation.
  • Not have a foreclosure in the last 24 months without a reasonable explanation.
  • Not have any open judgments or tax liens.

The current loan terms and conditions stated, including interest rates, are subject to change at any time without notice. Further, these terms do not constitute a commitment to lend or an offer to enter into an agreement, and such and offer may only be pursuant to MN Statutes Section 47.206 (3) and (4).

How to Sign-Up

Loans are typically set up within 24 hours of receipt of the application, and then are given to the loan officer. Typically, loan officers will contact the applicant within another 24 hours.

Completed applications may be submitted to CEE via email, fax, or by mail.

Email: loaninfo@mncee.org
Fax: 612.335.2650
Mail: 212 3rd Ave. N, Suite 560, Minneapolis, MN 55401

Contact CEE with any questions by visiting their website or by calling 612.335.5858.