Saving Jobs, Air and Dollars All Across Nebraska

Whether viewed as an environmental effort, a jobs creation undertaking, housing rejuvenation, or just plain "saving Nebraskans hard-earned dollars," Dollar and Energy Saving Loans will continue to generate benefits for the state and its citizens for decades to come. Since the loan funds "recycle," these loans can continue to be offered to Nebraskans forever.

15,000th Loan in 1998

The loans became available to Nebraskans in mid-1990. Since that time, more than 13,000 projects have been financed, 92 percent of the projects in the homes of Nebraskans. To date, more than $80 million in projects have been financed with these low-interest loans. Each year, about 1,700 new loans finance projects totaling $10.8 million. Of this amount, nearly $10 million is spent on residential improvements, making this the state's largest, albeit narrowly focused on energy efficiency, housing rehabilitation effort.

Clean Air Effort

When viewed from an environmental standpoint, the loans may represent the state's largest, on-going commitment to greenhouse gas emissions reductions. Greenhouse gases carbon dioxide, sulfur dioxide, nitrous oxides and particulates are responsible for air pollution, acid rain, and global warming. Each year, the improvements made with the loans account for reductions of 40,000 tons of carbon dioxide, 142,500 pounds of sulfur dioxide and nearly one-quarter of a million pounds of nitrous oxides. Putting some of the carbon dioxide reductions into context, in seven years the agency's loans have resulted in the equivalent of removing 9,516 vehicles from the state's roads.

Jobs and Money in Nebraskans' Hands

Through June 1997, the loans have created the equivalent of 1,416 jobs, primarily among heating and cooling contractors and remodeling industries all across the state.

The savings earned by Nebraskans who used the loans to finance improvements in their homes came in two ways: savings from reductions in energy use and savings from lowered financing costs. Since 1990, the dollars saved by Nebraskans from reduced energy use total $16.9 million and the savings from the reduced financing costs total $15.86 million.