| 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% |
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.
