Solar & Battery Regulation & Incentive Programs

Piedmont EMC - Residential Solar and Energy Efficiency Loan Program

Program Overview

Category:: Financial Incentive
Program Type:: Loan Program
Implementing Sector:: Utility
State:: North Carolina
Eligible Storage Technologies:: Solar Water Heat, Solar Photovoltaics, Heat pumps, Air conditioners, Building Insulation, Windows, Doors
Website:: https://pemc.coop/save-energy-money/use-less-save-more/rebates-loans/
Maximum Loan:: $10,000
Loan Term:: 7 years
Interest Rate:: 5%
Administrator:: Piedmont EMC
Applicable Sectors:: Residential
Utility:: Piedmont Electric Member Corp
Last Updated:: 05/02/2019

Summary

Piedmont Electric Membership Corporation's (PEMC) Energy Efficiency and Renewable Energy Loan Program is available to eligible consumers to finance the purchase and installation of photovoltaic (PV) and solar water heating systems. Approved consumers may borrow up to $10,000 for seven years at a five percent interest rate. Contact PEMC for further information about this program. In addition to solar equipment, residents may also use this program to finance the installation of certain energy efficiency improvements.