Union Power Cooperative - Residential Energy Efficient Heat Pump Loan Program

Last updated: May 02, 2019

Program Overview

Implementing Sector:Utility
Category:Financial Incentive
State:North Carolina
Incentive Type:Loan Program
Web Site:https://union-power.com/heatpumpfinancing/
Administrator:Marketing and Energy Services
Utilities:Union Electric Membership Corp
Eligible Efficiency Technologies:Heat pumps
Maximum Loan:$7,500
Loan Term:Up to 60 months
Interest Rate:9%

Summary

Union Power Cooperative offers low interest loans to help its qualifying residential customers finance new, energy-efficient heat pumps. Interest rates, currently at 9%, will be fixed for the term of the loan. Loans can be up to $7,500 over five years. Customers pay back the loan with payments on monthly electric bills. There is a one time loan filing fee of $42.  Contact Union Power Cooperative for more information regarding this program.

Solar system price checker

Design Your Solar Home

START

Market Trend

12 3

Input your address to see if it is solar friendly and how much you can save with solar.

Great. Your address is perfect for solar. Solar incentive is still available. Select monthly utility cost and calculate the size of solar system you will need now.

Whoa ! Going solar is definitely a smart decision.

kw System size years Payback period Lifetime savings

No money down, 100% finance is available.

See How Much Money You Can Save By Switching To Solar

Do not show this information again.