Haywood EMC - Residential Heat Pump and Weatherization Loan Program (North Carolina)
Last modified on February 12, 2015.
Financial Incentive Program
|Name||Haywood EMC - Residential Heat Pump and Weatherization Loan Program|
|Incentive Type||Utility Loan Program|
|Eligible Technologies||Building Insulation, Caulking/Weather-stripping, Duct/Air sealing, Heat pumps|
|Energy Category||Energy Efficiency Incentive Programs|
|Amount||100% of the total cost for heat pump or weatherization measures|
|Maximum Incentive||not specified|
|Terms|| Rate: 5%|
Repayment: up to 60 months
|Program Administrator||Haywood EMC|
Haywood EMC offers a low interest loan to their residential customers to finance the purchase of an energy efficient heat pump and certain weatherization measures. The current interest rate is 5% and the loan has a maximum payback time of 60 months. In order to apply for the loan, customers must submit an application, an approved credit check, a copy of their land deed, a quote from a licensed HVAC contractor with a "load calculation" report, and a processing fee of $150. The heat pump must be 15 SEER of higher to be financed by this loan program.
|Contact Name||Customer Service|
|Address||376 Grindstone Road|
|Place||Waynesville, North Carolina|
|Phone 2||(800) 951-6088|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.