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Last Updated June 6, 2022

Program Overview

Category:

Financial Incentive

State:

North Carolina

Incentive Type:

Loan Program

Administrator:

Randolph Electric Membership Corporation

Start Date:

N/A

Expiration Date:

N/A

Web Site:

Applicable Sectors:

N/A

Eligible Renewable/Other Technologies:

N/A

Summary

As a member of the Randolph Electric Membership Corporation (Randolph EMC), residential customers are eligible for low-interest loans on energy efficiency improvement projects if they join the ElecTel Cooperative Federal Credit Union. Membership may cost as low as $1. Projects available for financing include but aren't limited to:

  • Efficient windows/doors
  • Electric heat pumps
  • Furnaces
  • Air conditioners
  • Generators
  • Solar projects
  • Water heaters
  • Insulation
  • EnergyStar appliances

Fixed rates are as low as 4.9%, with up to 100% financing of the purchase price. Payment terms are flexible with a maximum loan of $35,000 ($5,000 if a mobile home). See program site for details.