South Alabama Electric Cooperative - Residential Energy Efficiency Loan Program (Alabama)
Last modified on February 12, 2015.
Financial Incentive Program
|Name||South Alabama Electric Cooperative - Residential Energy Efficiency Loan Program|
|Incentive Type||Utility Loan Program|
|Eligible Technologies||Building Insulation, Doors, Heat pumps, Windows, Geothermal Heat Pumps|
|Energy Category||Energy Efficiency Incentive Programs, Renewable Energy Incentive Programs|
|Amount|| Air-Source Heat Pump Loan: up to $5,000|
Geothermal Heat Pump Loan: up to $12,000
|Terms|| Rate: 5%|
Repayment Period: 48 months - 60 months
|Program Administrator||South Alabama Electric Cooperative|
|Date added to DSIRE||2006-08-18|
|Last DSIRE Review||2013-01-22|
| Last Substantive Modification
to Summary by DSIRE
South Alabama Electric Cooperative (SAEC) is a part owner of Alabama Electric Cooperative which has a generation facility in Andalusia, Alabama. The Energy Resources Conservation Loan (ERC) helps members of the cooperative cover the cost of labor and materials for energy conservation measures on existing structures. Loans will only be made to members who have good credit ratings and also own the structures to be weatherized. ERC loans may be provided to finance the cost of labor and materials for items such as insulation, storm or thermal windows, storm or thermal doors and high efficiency heat pumps. Contact SAEC for more information or view the program web site listed above.
|Contact Name||Chellie Phillips|
|Department||South Alabama Electric Cooperative|
|Address||P.O. Box 449|
|Phone 2||(334) 566-8060|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.