North Arkansas Electric Cooperative, Inc - Residential Energy Efficiency Loan Program (Arkansas)

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Summary

Last modified on February 12, 2015.

Financial Incentive Program

Place Arkansas

Name North Arkansas Electric Cooperative, Inc - Residential Energy Efficiency Loan Program
Incentive Type Utility Loan Program
Applicable Sector Residential
Eligible Technologies Doors, Duct/Air sealing, Heat pumps, Windows
Active Incentive Yes

Implementing Sector Utility
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
Website http://www.naeci.com/content.cfm?id=2014#
Date added to DSIRE 2006-08-25
Last DSIRE Review 2012-05-29
Last Substantive Modification
to Summary by DSIRE
2011-10-12


References DSIRE[1]


Summary

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.


Incentive Contact

Contact Name North Arkansas Electric Cooperative
Department Customer Service

Address 824 Highway #56

Place Ash Flat, AR 72513

Phone Phone: (870) 994-2191
Phone 2 Phone: (870) 425-2141


Website http://www.naeci.com/index.cfm
     
     


















  • 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)"