Lumbee River EMC - Residential Weatherization Loan Program

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Program Lumbee River EMC - Residential Weatherization Loan Program
Category Financial Incentive
Implementing sector Utility
Last Update
State North Carolina
Administrator Lumbee River Electric Membership Corporation
Website http://www.lumbeeriver.com/content/weatherization-loans
Budget -
Start Date
Technologies Solar Water Heat
Sectors Residential

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.

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