| Implementing Sector: | Utility |
| Category: | Financial Incentive |
| State: | Arkansas |
| Incentive Type: | Loan Program |
| Web Site: | http://www.naeci.com/eecl |
| Administrator: | North Arkansas Electric Cooperative |
| Start Date: | 01/01/2015 |
| Utilities: | North Arkansas Elec Coop, Inc |
| Eligible Efficiency Technologies: | Heat pumps, Duct/Air sealing, Windows, Doors |
| Maximum Loan: | $20,000 for certain types of technology |
| Loan Term: | Fixed interest rate of 3% |
North Arkansas Electric Cooperative (NAEC), a Touchstone Energy Cooperative, serves approximately 35,000 member accounts in seven different counties. The coop provides low interest rates for energy efficiency improvements in the home through the EECL Loan Program.
Up to $20,000 is available for air or water source heat pumps, energy efficient lighting, energy star doors, energy star windows, high efficiency water heaters, and additional weatherization measures. To qualify, a heat pump must be a complete system and have a SEER rating of at least 14.0 and an HSPF of 8.2. All loans for heat pumps require a $100 blower door test at borrower’s expense. Heat pumps must be sized according to North Arkansas Electric design requirements determined at the time of the energy audit. Heat pump dealers must be licensed with the State of Arkansas. Applications for additional funds above $20,000 may be presented and considered for approval by board committee which meets monthly. Approval is needed prior to the installation of energy efficiency equipments.
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A solar PV system is custom-designed for your home. Final solar system price may vary based on your location, monthly utility bill, government incentives and rebates, the condition of your home, and local installation prices. Solar PV system output and estimated savings are calculated based on several factors including product type, system production, geography, weather, shade, electricity use, full utilization of the 30% solar investment tax credit, and utility rate structures and rate increases. Savings on your total electricity costs are not guaranteed. Financing options and terms vary by location, and may not be available in all areas. Solar QC is neither the lender nor the project installer. Solar QC License# 1130591
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