Last Updated August 4, 2023
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
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.