Lumbee River EMC - Residential Weatherization Loan Program

Last updated: May 08, 2019

Program Overview

Implementing Sector:Utility
Category:Financial Incentive
State:North Carolina
Incentive Type:Loan Program
Web Site:http://www.lumbeeriver.com/content/weatherization-loans
Administrator:Lumbee River Electric Membership Corporation
Utilities:Lumbee River Elec Member Corp
Eligible Renewable/Other Technologies:Solar Water Heat, Geothermal Heat Pumps
Eligible Efficiency Technologies:Water Heaters, Furnaces, Heat pumps, Air conditioners, Duct/Air sealing, Building Insulation, Windows, Doors
Maximum Loan:Ground source heat-pump - $17,000 Air-source heat pump - $8,000 Thermal windows and doors - $4,000 Storm windows and doors - $2,000 Insulation (floors, ceilings & walls) - $2,000 Installation/sealing of ducts - $2,000 Attic ventilation fans - $500 Foundation vents - $500 Solar water heater - $7,000 Heat pump water heater - $7,000 Marathon water heater - $2,000 Efficient steel water heater - $500
Loan Term:Ground source heat-pump - 120 months Air-source heat pump - 84 months Thermal windows and doors - 48 months Storm windows and doors - 30 months Insulation (floors, ceilings & walls) - 30 months Installation/sealing of ducts - 30 months Attic ventilation fans - 12 months Foundation vents - 12 months Solar water heater - 60 months Heat pump water heater - 60 months Marathon water heater - 24 months Efficient steel water heater - 12 months

Incentives

Technologies:Geothermal Heat Pumps
Sectors:Residential
Parameters:The incentive is $17000.00
Technologies:Heat pumps
Sectors:Residential
Parameters:The incentive is $8000.00
Technologies:Windows, Doors
Sectors:Residential
Parameters:The incentive is $4000.00, The incentive is $2000.00
Technologies:Building Insulation
Sectors:Residential
Parameters:The incentive is $2000.00
Technologies:Duct/Air sealing
Sectors:Residential
Parameters:The incentive is $2000.00
Technologies:Air conditioners
Sectors:Residential
Parameters:The incentive is $500.00
Technologies:Solar Water Heat
Sectors:Residential
Parameters:The incentive is $7000.00
Technologies:Water Heaters, Heat pumps
Sectors:Residential
Parameters:The incentive is $7000.00
Technologies:Water Heaters
Sectors:Residential
Parameters:The incentive is $2000.00, The incentive is $500.00

Summary

Lumbee River Electric Membership Corporation (LREMC) offers low interest loans to help residential members increase the energy efficiency of homes. Loans up to $17,000 are available for the purchase and installation of:

  • thermal windows and doors
  • attic ventilation fans
  • water heaters
  • foundation vents
  • insulation and or mastic sealing of duct work
  • heat pumps
  • gas packs
  • insulation of ceilings, walls, floors, storm doors and windows
  • geothermal heat pumps

Loans of $2,000 or less will be secured as signature loan. Loans in excess of $2,000 will be secured by a deed of trust against the home and property. To qualify for a loan, the property on which the improvements are to be made must be titled in the customer's name and be receiving service from LREMC. The applicant must have a good credit rating as determined by the cooperative, and meet other qualifications. The structure on which the improvements are to be made must be at least five years old.

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