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Last Updated June 18, 2022

Program Overview

Category:

Financial Incentive

State:

Arkansas

Incentive Type:

Loan Program

Administrator:

First Electric Cooperative

Start Date:

N/A

Expiration Date:

N/A

Web Site:

http://www.firstelectric.coop/products-and-services/home-improvement-loans

Applicable Sectors:

N/A

Eligible Renewable/Other Technologies:

N/A

Summary

First Electric Cooperative, a Touchstone Energy® Cooperative, serves over 85,000 member accounts throughout parts of seventeen counties in central and southeast Arkansas. The Home Improvement Loan Program allows members to borrow between $500 and $15,000 for energy efficiency home improvements associated with heat pumps, First Electric products and portable home generators. Loan repayments can be included in your monthly electric bill. 

For loans under $2500, there is a filing fee of $20; for loans over $2,500, the fee is $60. Only single-family primary residences served by FECC are eligible. Loans between $500 and $2,500 are secured with an equipment lien, and loans over $2500 are secured with a property mortgage and equipment lien.  Loan program applications, specific program details, and a list of approved dealers are available on the program website.