Northern Virginia Electric Cooperative - Residential Energy Efficiency Finance Program (Virginia)

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Summary

Last modified on May 23, 2011.

Financial Incentive Program

Place Virginia

Name Northern Virginia Electric Cooperative - Residential Energy Efficiency Finance Program
Incentive Type Utility Loan Program
Applicable Sector Residential
Eligible Technologies Water Heaters, Heat pumps
Active Incentive No

Implementing Sector Utility
Energy Category Energy Efficiency Incentive Programs
Amount The term of the loan will depend on the amount financed

Call SunTrust at 1-888-SUNTRUST (1-888-786-8787) to find out the current NOVEC interest rate



























Program Administrator Northern Virginia Electric Cooperative
Website http://www.novec.com/page.cfm?id=81
Date added to DSIRE 2006-08-28
Last DSIRE Review 2008-09-02



References DSIRE[1]


Summary

Northern Virginia Electric Cooperative, through an arrangement with SunTrust Bank, offers loans to its residential customers to have an eligible HVAC dealer replace or upgrade their electric air or ground source heat pump or electric water heater. Customers can call SunTrust at 1-888-SUNTRUST (1-888-786-8787) to find out the current NOVEC interest rate, which is typically two to five percentage points below the average interest rate in the marketplace. If the loan amount is $5,000 or greater, customers may receive an additional 1/4 percent off the interest rate by having their loan payments automatically deducted from a SunTrust deposit account.


Incentive Contact

Contact Name Account Services
Department Northern Virginia Electric Cooperative

Address PO Box 795

Place Alexandria, Virginia
Zip/Postal Code 22334-0795
Phone (888) 335-0500 Ext:1503
Phone 2 (703) 392-1503

Email energyservices@novec.com
Website http://www.novec.com
     
     

  • 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)"