North Arkansas Electric Cooperative, Inc - Residential Energy Efficiency Loan Program (Arkansas)
Last modified on February 12, 2015.
Financial Incentive Program
|Name||North Arkansas Electric Cooperative, Inc - Residential Energy Efficiency Loan Program|
|Incentive Type||Utility Loan Program|
|Eligible Technologies||Doors, Duct/Air sealing, Heat pumps, Windows|
|Energy Category||Energy Efficiency Incentive Programs|
|Amount||Heat Pumps: up to $10,000|
|Maximum Incentive||$10,000 (amounts loaned above $10,000 will have an adjusted interest rate)|
|Terms|| Rate: 5% |
Repayment: Up to 7 years
|Program Administrator||North Arkansas Electric Cooperative|
|Date added to DSIRE||2006-08-25|
|Last DSIRE Review||2012-05-29|
| Last Substantive Modification
to Summary by DSIRE
North Arkansas Electric Cooperative (NAEC), a Touchstone Energy Cooperative, serves approximately 35,000 member accounts in seven different counties. The coop provides low interest rates for energy efficiency improvements in the home through the Energy Resource Conservation (ERC) Loan Program. Eligible measures include heat pumps and weatherization measures such as insulation, ductwork, and storm doors/windows. To qualify, the heat pump must have a SEER rating of at least 14.0 and a HSPF of at least 8.2. Heat pumps must be sized according to North Arkansas Electric design requirements determined at the time of the energy audit. Participants have up to 7 years to repay loans. Loan amounts in excess of $10,000 will be loaned at a rate determined by either adding 2.5% to the Federal Discount Rate, or 2% to North Arkansas Electric's average cost of capital. Loans must be approved before work is done. Contact NAEC for more information on this program.
|Contact Name||North Arkansas Electric Cooperative|
|Address||824 Highway #56|
|Place||Ash Flat, AR 72513|
|Phone||Phone: (870) 994-2191|
|Phone 2||Phone: (870) 425-2141|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.