Piedmont EMC – Residential Solar and Energy Efficiency Loan Program

Program Overview

Implementing Sector Utility
Category Financial Incentive
State North Carolina
Incentive Type Loan Program
Web Site https://pemc.coop/save-energy-money/use-less-save-more/rebates-loans/
Administrator Piedmont EMC
Utilities Piedmont Electric Member Corp
Eligible Renewable/Other Technologies Solar Water Heat, Solar Photovoltaics
Eligible Efficiency Technologies Heat pumps, Air conditioners, Building Insulation, Windows, Doors
Applicable Sectors Residential
Maximum Loan $10,000
Loan Term 7 years
Interest Rate 5%

Summary

Piedmont Electric Membership Corporation’s (PEMC) Energy Efficiency and Renewable Energy Loan Program is available to eligible Piedmont Electric members to finance the purchase and installation of an energy efficient electric heat pump, replacement of poorly insulated doors and windows, and/or additional insulation in their home at low interest rates. The loan is also available for solar water heaters, solar panels and central A/C systems. Approved consumers may borrow up to $10,000 for seven years at a five percent interest rate.

Contact PEMC for further information about this program. In addition to solar equipment, residents may also use this program to finance the installation of certain energy efficiency improvements. 

Contact

Organization:
Piedmont Electric Membership Corporation
Address:
Post Office Drawer 1179
Hillsborough, NC 27278-1179
Phone:
(800) 222-3107
E-Mail: