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
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.