Coast Electric Power Association - Heat Pump and Weatherization Loan Program (Mississippi)
Last modified on February 12, 2015.
Financial Incentive Program
|Name||Coast Electric Power Association - Heat Pump and Weatherization Loan Program|
|Incentive Type||Utility Loan Program|
|Eligible Technologies||Building Insulation, Caulking/Weather-stripping, Doors, Duct/Air sealing, Heat pumps, Water Heaters, Windows, Geothermal Heat Pumps, Generators|
|Incentive Inactive Date||2011-08-03|
|Energy Category||Energy Efficiency Incentive Programs, Renewable Energy Incentive Programs|
|Amount||1,000 - 15,000|
|Terms|| Rate: 7% |
Repayment: up to 120 months
|Program Administrator||Coast Electric Power Association|
|Date added to DSIRE||2009-04-09|
|Last DSIRE Review||2011-08-03|
| Last Substantive Modification
to Summary by DSIRE
Due to new federal banking and finance regulations, Coast Electric Power Association can not currently originate loans through this program. A new loan origination format will be available in the near future. Check the program web site above for program status.
Coast Electric Power Association (CEPA) offers an Energy Efficiency Finance Program for their residential customers. Mobile homes are not eligible for this loan. The loan can be from $1,000 to $15,000 with a fixed interest rate of two points above the prime rate, with a maximum payback period of 120 months. Loans are available for conservation measures in already existing structures, new construction does not apply. The Loan can cover the installed cost of a complete air-source or geothermal heat pump system, including wiring, duct work, and other associated costs. Certain weatherization measures are also eligible, such as electric water heaters, storm windows and doors, structural insulation, caulking and weather-stripping, and generators. Customers should contact a CEPA Marketing Representative to find out which measures are applicable for their home. For more information, customers can refer to the Comfort Advantage Finance Fact Sheet.
|Contact Name||Customer Service|
|Department||Coast Electric Power Association|
|Address||302 US Highway 90|
|Address 2||PO Box 2430|
|Place||Bay St. Louis, Mississippi|
|Phone 2||(800) 624-3348|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.