Citizens Bank Offering Energy Efficiency Loans

Low interest rates, yes, but is it worth it?

Citizens Bank announced today that it is offering a new Energy Efficiency Loan to help low-to-moderate income homeowners make their homes more energy efficient.

The Citizens Bank Energy Efficiency Loan offers select homeowners the ability to qualify for an unsecured loan of $1,000 to $3,000 at a rate of 1% APR for as long as 36 months. A 3% APR is available for loans of $3,001 up to $10,000, for up to 84 months.

Trying to go green this way may lead one to the poor house.