Implementing Sector: | Utility |
Category: | Financial Incentive |
State: | North Carolina |
Incentive Type: | Loan Program |
Web Site: | http://www.haywoodemc.com/content/heat-pumpweatherization-loan |
Administrator: | Haywood EMC |
Utilities: | Haywood Electric Member Corp |
Eligible Renewable/Other Technologies: | Solar - Passive, Solar Water Heat, Solar Space Heat, Solar Thermal Electric, Solar Thermal Process Heat, Solar Photovoltaics, Municipal Solid Waste, Solar Pool Heating |
Eligible Efficiency Technologies: | Water Heaters, Heat pumps, Caulking/Weather-stripping, Building Insulation, Windows, Doors |
Maximum Loan: | $35,000 maximum loan $5,000 maximum for a mobile home |
Loan Term: | $35,000 maximum loan $5,000 maximum for a mobile home |
Interest Rate: | 3.90% |
Haywood EMC offers a low interest loan to residential customers to finance the purchase of an energy efficient heat pump and certain weatherization measures. Within this program, Haywood EMC members may borrow up to $35,000 for improvements, including new windows and doors, electric heat pumps, furnaces, air conditioners, generators, solar projects, water heaters, insulation, and ENERGY STAR appliances. The program applies to residential property owners of single-family homes, duplexes, mobile homes, and owner-occupied condominiums. The current interest rate is 3.90% and the loan has a maximum payback time of 120 months. In order to apply for the loan, customers must submit an application online.
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