First Electric Cooperative - Home Improvement Loans (Arkansas)
Last modified on February 12, 2015.
Financial Incentive Program
|Name||First Electric Cooperative - Home Improvement Loans|
|Incentive Type||Utility Loan Program|
|Eligible Technologies||Building Insulation, Doors, Duct/Air sealing, Heat pumps, Water Heaters, Windows, Geothermal Heat Pumps, Electric service upgrades; Portable home generators; Surge and lightning protection|
|Energy Category||Energy Efficiency Incentive Programs, Renewable Energy Incentive Programs|
|Amount||$500 - $15,000|
|Terms|| Rate: 5.75% fixed |
Repayment: up to 60 months
|Program Administrator||First Electric Cooperative|
|Date added to DSIRE||2006-08-25|
|Last DSIRE Review||2013-01-22|
| Last Substantive Modification
to Summary by DSIRE
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. 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.
|Contact Name||Marketing Representative|
|Department||First Electric Cooperative|
|Address||1000 South J.P. Wright Loop Road|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.