Union Power Cooperative - Residential Energy Efficient Heat Pump Loan Program (North Carolina)
Last modified on February 12, 2015.
Financial Incentive Program
|Name||Union Power Cooperative - Residential Energy Efficient Heat Pump Loan Program|
|Incentive Type||Utility Loan Program|
|Eligible Technologies||Heat pumps|
|Energy Category||Energy Efficiency Incentive Programs|
|Amount||up to $7,500|
|Terms|| Rate: 9%|
Repayment: up to 60 months
|Program Administrator||Union Power Cooperative|
|Date added to DSIRE||2006-09-05|
|Last DSIRE Review||2012-04-16|
Union Power Cooperative offers low interest loans to help its residential customers finance new, energy-efficient heat pumps. Interest rates, currently at 9%, will be fixed for the term of the loan. Loans can be up to $7,500 over five years. Customers pay back the loan with payments on monthly electric bills. There is a one time loan filing fee of $42. Contact Union Power Cooperative for more information regarding this program.
|Contact Name||Steve Whitley|
|Department||Union Power Cooperative|
|Address||1525 Rocky River Rd. N.|
|Place||Monroe, North Carolina|
|Phone||(800) 922-6840 Ext:3239|
|Phone 2||(704) 289-3145|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.