| Implementing Sector | Utility |
|---|---|
| Category | Financial Incentive |
| State | North Carolina |
| Incentive Type | Loan Program |
| Web Site | https://union-power.com/member-resources-services/electel-credit-union |
| Administrator | Electal Cooperative Federal Credit Union |
| Utilities | Union Electric Membership Corp |
| Eligible Renewable/Other Technologies | Solar Photovoltaics |
| Eligible Efficiency Technologies | Water Heaters, Heat pumps, Air conditioners, Caulking/Weather-stripping, Building Insulation, Windows, Doors, Other EE |
| Applicable Sectors | Residential, Multifamily Residential |
| Maximum Loan | $30,000 |
| Interest Rate | Low Fixed Rates (3.90% minimum) |
Union Power Cooperative offers low interest loans to help its qualifying residential customers finance energy efficiency improvements, including new windows and doors, electric heat pumps, furnaces, air conditioners, generators, solar projects, water heaters, insulation, and ENERGY STAR® appliances.
Interest rates, offered as low as 3.90%, will be fixed for the term of the loan. Loans can be up to $30,000. Flexible payment terms are available for qualifying recipients. Contact Union Power Cooperative for more information regarding this program.
