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% |
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.
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