Solar & Battery Regulation & Incentive Programs

Union Power Cooperative - Residential Energy Efficient Heat Pump Loan Program

Program Overview


Category:
Financial Incentive
Program Type:
Loan Program
Implementing Sector:
Utility
State:
North Carolina
Eligible Storage Technologies:
Heat pumps
Website:
https://union-power.com/heatpumpfinancing/
Maximum Loan:
$7,500
Loan Term:
Up to 60 months
Interest Rate:
9%
Administrator:
Marketing and Energy Services
Applicable Sectors:
Residential
Utility:
Union Electric Membership Corp
Last Updated:
05/02/2019

Summary

Union Power Cooperative offers low interest loans to help its qualifying 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.