Aiken Electric Cooperative offers residential members rebates for installing high-efficiency electric water heaters and/or timers in their homes. Customers have four rebate options:
A member may choose a free, new high-efficiency 50-gallon or 80-gallon electric water heater from AEC without a timer and pay a $200 installation fee. You can either pay the installation fee up front or take up to 36 months to pay by having a monthly payment amount added to your electric bill. A 9.9% interest rate will apply.
A member may choose a free, new high-efficiency 50-gallon or 80-gallon electric water heater from AEC with a timer and receive free installation AND a $2.50 per month credit for 10 years.
A member may choose to have a timer only installed on their existing electric water heater and receive a $200 cash payment from AEC and a $2.50 per month credit for 10 years.
For building an all electric, energy-efficient, new construction contract home, the member/buyer will receive $250 cash.