South Central Arkansas Electric Cooperative - Energy Resource Conservation Loan (Arkansas)
Last modified on May 23, 2011.
Financial Incentive Program
|Name||South Central Arkansas Electric Cooperative - Energy Resource Conservation Loan|
|Incentive Type||Utility Loan Program|
|Applicable Sector||Commercial, Residential|
|Eligible Technologies||Heat pumps, Duct/Air sealing, Windows, Doors, Unspecified technologies|
|Energy Category||Energy Efficiency Incentive Programs|
|Amount|| Up to 5,000 for an Air-to-Air Heat Pump|
Up to 9,000 for a Water Source Heat Pump
|Program Administrator||South Central Arkansas Electric Cooperative|
South Central Arkansas Electric Cooperative was founded in 1940 and serves about 10,000 customers in an eight county region of south-central Arkansas. To encourage energy efficiency, South Central Arkansas offers a Energy Resource Conservation (ERC) loan program to residents and businesses.
The ERC Loan Program will provide loan funds to finance the purchase and installation of heat pumps, duct-work, storm doors and windows and other energy efficiency improvements. Up to $5000 is available for the purchase of an air-to-air heat pump and up to $9000 is available for the purchase of a water source heat pump. Loans of up to these amounts are available at a 5% interest rate; amounts greater than this will be loaned at a seven-year fixed rate of 2.5% above the Federal Discount Rate.
Heat pumps that qualify for this loan should have a SEER rating of at least 11.0 and an HSPF of 7.0. Any contractor located in the state of Arkansas can install the energy efficiency measures. To apply for this loan, contact South Central Arkansas to begin the process. No work should begin on these energy efficiency measures before the loan is approved.
|Contact Name||ERC Program Manager|
|Department||South Central Arkansas Electric Cooperative|
|Address||P.O. Box 476|
|Address 2||1140 Main Street|
|Phone 2||(800) 814-2931|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.