Pee Dee Electric Cooperative - Energy Resource Conservation Loan Program

Last updated: August 28, 2018

Program Overview

Implementing Sector:Utility
Category:Financial Incentive
State:South Carolina
Incentive Type:Loan Program
Web Site:http://peedeeelectric.com/save-energy/erc-loan.aspx
Administrator:Pee Dee Electric Cooperative
Eligible Renewable/Other Technologies:Geothermal Heat Pumps
Eligible Efficiency Technologies:Heat pumps, Programmable Thermostats, Caulking/Weather-stripping, Building Insulation, Windows, Doors

Summary

Pee Dee Electric Cooperative offers financing for members through the Energy Efficient Home Improvement Loan Program. Loans of up to $5,000, with repayment periods up to 72 months, can be used for a number of measures including:

  • insulation for the attic, ducts, floors, walls, water heater and water piping
  • storm windows and doors
  • replacement thermal windows and insulated doors
  • attic ventilation systems
  • clock/programmable thermostats
  • high efficiency electric heat pumps
  • dual fuel systems (heat pump/fossil fuel combined systems)
  • ground source heat pumps
  • electric thermal storage
  • caulking and weatherstripping

Members must first have a PDEC marketing representative conduct a home energy audit, a credit check, and project approval. After the audit, the marketing representative will recommend improvements that will make the home more energy efficient and provide an application for the loan.

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