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Last Updated May 8, 2019

Program Overview

Category:

Financial Incentive

State:

North Carolina

Incentive Type:

Loan Program

Administrator:

Lumbee River Electric Membership Corporation

Start Date:

N/A

Expiration Date:

N/A

Web Site:

Applicable Sectors:

Residential, Residential, Residential, Residential, Residential, Residential, Residential, Residential, Residential

Eligible Renewable/Other Technologies:

Geothermal Heat Pumps, Heat pumps, Windows, Doors, Building Insulation, Duct/Air sealing, Air conditioners, Solar Water Heat, Water Heaters, Heat pumps, Water Heaters

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.