Lumbee River EMC - Solar Water Heating Loan Program (North Carolina)
Last modified on February 12, 2015.
Financial Incentive Program
|Additional Place applies to||Lumbee River EMC|
|Name||Lumbee River EMC - Solar Water Heating Loan Program (North Carolina)|
|Incentive Type||Utility Loan Program|
|Eligible Technologies||Solar Water Heat|
|Energy Category||Renewable Energy Incentive Programs|
|Terms||1.50% interest rate|
|Program Administrator||Lumbee River EMC|
|Last DSIRE Review||2012-08-07|
| Last Substantive Modification
to Summary by DSIRE
|Incentive Source||The given value was not understood.|
Lumbee River EMC is offering 1.50% loans to residential customers for the installation of solar water heaters on their homes. To qualify, the systems must be certified OG-300 by the Solar Ratings and Certification Council (SRCC) and installed by a program-approved contractor or an installer certified by the North American Board of Certified Energy Practitioners (NABCEP). Loans of $2,000 or less will be secured as a signature loan. Loans in excess of $2,000 will be secured by a deed of trust against the home and property. Lumbee River EMC also provides rebates for solar water heaters. Customer must choose between the rebate and this loan; they may not accept both.
|Contact Name||Water Heater Incentives|
|Department||Lumbee River EMC|
|Address||P.O. Box 830|
|Place||Red Springs, North Carolina|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.