Solar & Battery Regulation & Incentive Programs

Pee Dee Electric Cooperative - Energy Resource Conservation Loan Program

Program Overview


Category:
Financial Incentive
Program Type:
Loan Program
Implementing Sector:
Utility
State:
South Carolina
Eligible Storage Technologies:
Geothermal Heat Pumps, Heat pumps, Programmable Thermostats, Caulking/Weather-stripping, Building Insulation, Windows, Doors
Website:
http://peedeeelectric.com/save-energy/erc-loan.aspx
Maximum Loan:
$5,000
Interest Rate:
5%
Administrator:
Pee Dee Electric Cooperative
Applicable Sectors:
Residential
Utility:
Pee Dee Electric Coop, Inc
Last Updated:
04/25/2019

Summary

Pee Dee Electric Cooperative offers financing for members through the Energy Efficient Home Improvement Loan Program. Loans of up to $5,000 can be used for a number of measures including:

  • insulation for the attic, ducts, floors, walls, water heater and water piping
  • storm windows and doors
  • replacement thermal windows and insulated doors
  • attic ventilation systems
  • clock/programmable thermostats
  • high efficiency electric heat pumps
  • dual fuel systems (heat pump/fossil fuel combined systems)
  • ground source heat pumps
  • caulking and weatherstripping

Members must first have a PDEC marketing representative conduct a home energy audit, a credit check, and project approval. After the audit, the marketing representative will recommend improvements that will make the home more energy efficient and provide an application for the loan.