Providence Water has received a $3 million loan from the Rhode Island Infrastructure Bank (RIIB) to offer 10-year 0% interest loans to homeowners to assist with the replacement of their private-side lead service lines. When a homeowner replaces the private portion of the lead service line, Providence Water will replace the public portion of the lead service line at no cost to the homeowner.
Here’s how the program works:
- Call our Water Quality Hotline at (401) 521-6303 to request an agreement for Providence Water’s 10-year 0% interest loan program. Under the terms of this loan, a $4,500 replacement will cost $37.50 per month.
- Once we receive the executed agreement, your address will be assigned to one of our approved contractors.
- The contractor will contact you directly to arrange a date to replace the private-side lead service line.
- The cost for this private-side work includes the replacement of your existing lead service pipe from the curb stop (shutoff valve in sidewalk or street right-of-way) to the water meter. This cost also includes the interior plumbing work, which must be performed in the area of the water meter.
We encourage homeowners to take advantage of this cost-effective loan opportunity. Loans are distributed on a first-come, first-serve basis. If you still have questions regarding the 10-year 0% interest loan, please contact us at (401) 521-6303 and we will be glad to assist you.
Read the full press release here.
Providence Water Lead Demonstration Video