Guadalupe Valley Electric Cooperative - Conservation Plan 7 Loan Program (Texas)

From Open Energy Information

Summary

Last modified on February 12, 2015.

Financial Incentive Program

Place Texas


Name Guadalupe Valley Electric Cooperative - Conservation Plan 7 Loan Program
Incentive Type Utility Loan Program
Applicable Sector Commercial, Residential
Eligible Technologies Building Insulation, Doors, Duct/Air sealing, Energy Mgmt. Systems/Building Controls, Heat pumps, Lighting, Water Heaters, Windows
Active Incentive Yes
Implementing Sector Utility
Energy Category Energy Efficiency Incentive Programs
Amount up to $7,000








Maximum Incentive $7,000





Terms Rate: 7%
Repayment: 7 years
Program Administrator Guadalupe Valley Electric Cooperative
Website http://www.gvec.org/ycoopConservationPlan7.aspx


References DSIRE[1]


Summary

Guadalupe Valley Electric Cooperative offers an incentive for members to increase the energy efficiency of existing homes and facilities through the Conservation Plan 7 Loan Program. The loan program provides funds up to $7,000 for GVEC members to make energy-saving improvements at a 7% interest rate over a 7 year loan term. Monthly payments will be made through GVEC electric bills. Energy-efficient items that may be financed include:

  • Insulating windows and doors
  • Attic and wall insulation
  • Central electric heat pump units and central ductwork
  • Electric water heaters, heat exchangers, and hot water banks
  • Load shedding equipment, energy-saving lighting fixtures, and commercial building energy-management systems
  • Other low-cost energy conservation improvements may qualify and be included in the financing package

Loans require a 10% down payment plus sales tax, and certain qualifications must be met. For more information, visit the program website of contact the cooperative directly.

Incentive Contact

Contact Name Member Services
Department Guadalupe Valley Electric Cooperative
Address PO Box 118
Place Gonzales, Texas
Zip/Postal Code 78629
Phone (800) 223-4832
Phone 2 (830) 857-1200
Email info@gvec.org
Website http://www.gvec.org/


















  • Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]

References

  1. 1.0 1.1  "Database of State Incentives for Renewables and Efficiency (DSIRE)"