South Central Indiana REMC - Residential Energy Efficiency Loan Program (Indiana)

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Summary

Last modified on February 12, 2015.

Financial Incentive Program

Place Indiana

Name South Central Indiana REMC - Residential Energy Efficiency Loan Program
Incentive Type Utility Loan Program
Applicable Sector Residential
Eligible Technologies Building Insulation, Central Air conditioners, Doors, Heat pumps, Windows, Geothermal Heat Pumps, Solar Water Heat, Emergency Back-up Generators, Electric Thermal Storage Units
Active Incentive Yes

Implementing Sector Utility
Energy Category Energy Efficiency Incentive Programs, Renewable Energy Incentive Programs
Amount $2,000 - $10,000















Maximum Incentive $10,000









Terms Rate: 6%

Repayment: up to 72 months
No interest of payment required for first 6 months

Program Administrator South Central Indiana Rural Electric Membership Corporation
Website http://www.sciremc.com/efficiencyResources/loanProgram.aspx
Date added to DSIRE 2008-10-23
Last DSIRE Review 2012-06-20



References DSIRE[1]


Summary

South Central Indiana REMC offers a 6.0% interest loan for residential customers interested in making energy efficiency improvements to participating homes. The loan can be used for a variety of energy efficient improvements ranging from replacement thermal windows and insulation upgrades to heating and cooling system installations. Heating and cooling equipment must meet the following standards to be eligible: Air-source heat pumps must have a minimum SEER rating of 15.0. Geothermal heat pumps must have a minimum EER rating of 15.1. Dual fuel systems must consist of an air-source heat pump with a minimum SEER rating of 15.0 and a fossil fuel furnace with a minimum AFUE rating of 95%. To apply for the loan, customers should submit an Energy Efficient Loan application form accompanied by a copy of the contractor estimate and a processing fee check for $35 to South Central Indiana REMC.

Length of loan varies from 12 to 72 months. There is a six month grace period in which no payment is required and no interest is accrued. Contact South Central Indiana REMC for any additional information on this program.


Incentive Contact

Contact Name SCIREMC Information
Department South Central Indiana Rural Electric Membership Corporation

Address 300 Morton Avenue

Place Martinsville, Indiana
Zip/Postal Code 46151
Phone (765) 342-3344
Phone 2 (800) 264-7362

Email paulas@sciremc.com
Website http://www.sciremc.com/efficiencyResources/loanProgram.aspx
     
     


















  • 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)"