Northern Virginia Electric Cooperative - Residential Energy Efficiency Finance Program (Virginia)
Last modified on May 23, 2011.
Financial Incentive Program
|Name||Northern Virginia Electric Cooperative - Residential Energy Efficiency Finance Program|
|Incentive Type||Utility Loan Program|
|Eligible Technologies||Water Heaters, Heat pumps|
|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|
|Date added to DSIRE||2006-08-28|
|Last DSIRE Review||2008-09-02|
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.
|Contact Name||Account Services|
|Department||Northern Virginia Electric Cooperative|
|Address||PO Box 795|
|Phone||(888) 335-0500 Ext:1503|
|Phone 2||(703) 392-1503|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.