| Program | Randolph EMC - ElecTel Energy Efficiency Loan Program |
|---|---|
| Category | Financial Incentive |
| Implementing sector | Utility |
| Last Update | |
| State | North Carolina |
| Administrator | Randolph Electric Membership Corporation |
| Website | https://www.randolphemc.com/financing-electel |
| Technologies | Solar Photovoltaics |
| Sectors | Residential |
As a member of the Randolph Electric Membership Corporation (Randolph EMC), residential customers are eligible for low-interest loans on energy efficiency improvement projects if they join the ElecTel Cooperative Federal Credit Union. Membership may cost as low as $1. Projects available for financing include but aren't limited to:
- Efficient windows/doors
- Electric heat pumps
- Furnaces
- Air conditioners
- Generators
- Solar projects
- Water heaters
- Insulation
- EnergyStar appliances
Fixed rates are as low as 4.9%, with up to 100% financing of the purchase price. Payment terms are flexible with a maximum loan of $35,000 ($5,000 if a mobile home). See program site for details.
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