Solar & Battery Regulation & Incentive Programs

Lumbee River EMC - Residential Weatherization Loan Program

Program Overview


Category:
Financial Incentive
Program Type:
Loan Program
Implementing Sector:
Utility
State:
North Carolina
Eligible Storage Technologies:
Solar Water Heat, Geothermal Heat Pumps, Water Heaters, Furnaces, Heat pumps, Air conditioners, Duct/Air sealing, Building Insulation, Windows, Doors
Website:
http://www.lumbeeriver.com/content/weatherization-loans
Maximum Loan:
Ground source heat-pump - $17,000
Air-source heat pump - $8,000
Thermal windows and doors - $4,000
Storm windows and doors - $2,000
Insulation (floors, ceilings & walls) - $2,000
Installation/sealing of ducts - $2,000
Attic ventilation fans - $500
Foundation vents - $500
Solar water heater - $7,000
Heat pump water heater - $7,000
Marathon water heater - $2,000
Efficient steel water heater - $500
Loan Term:
Ground source heat-pump - 120 months
Air-source heat pump - 84 months
Thermal windows and doors - 48 months
Storm windows and doors - 30 months
Insulation (floors, ceilings & walls) - 30 months
Installation/sealing of ducts - 30 months
Attic ventilation fans - 12 months
Foundation vents - 12 months
Solar water heater - 60 months
Heat pump water heater - 60 months
Marathon water heater - 24 months
Efficient steel water heater - 12 months
Administrator:
Lumbee River Electric Membership Corporation
Applicable Sectors:
Residential
Utility:
Lumbee River Elec Member Corp
Last Updated:
05/08/2019

Eligibility Criteria

EligibilitySectorsTechnologies
$17000.0000
Residential
Geothermal Heat Pumps
$8000.0000
Residential
Heat pumps
$4000.0000
Residential
Windows
Doors
$2000.0000
Residential
Windows
Doors
$2000.0000
Residential
Building Insulation
$2000.0000
Residential
Duct/Air sealing
$500.0000
Residential
Air conditioners
$7000.0000
Residential
Solar Water Heat
$7000.0000
Residential
Water Heaters
Heat pumps
$2000.0000
Residential
Water Heaters
$500.0000
Residential
Water Heaters

Summary

Lumbee River Electric Membership Corporation (LREMC) offers low interest loans to help residential members increase the energy efficiency of homes. Loans up to $17,000 are available for the purchase and installation of:

  • thermal windows and doors
  • attic ventilation fans
  • water heaters
  • foundation vents
  • insulation and or mastic sealing of duct work
  • heat pumps
  • gas packs
  • insulation of ceilings, walls, floors, storm doors and windows
  • geothermal heat pumps

Loans of $2,000 or less will be secured as signature loan. Loans in excess of $2,000 will be secured by a deed of trust against the home and property. To qualify for a loan, the property on which the improvements are to be made must be titled in the customer's name and be receiving service from LREMC. The applicant must have a good credit rating as determined by the cooperative, and meet other qualifications. The structure on which the improvements are to be made must be at least five years old.