Cullman Electric Cooperative, a Touchstone Electric Cooperative, has two loan programs. One is the Energy Conservation Loan Program, which provides members a loan for insulation or storm windows. Maximum loan is $2,000, payable up to 36 months at a rate of 8%. A list of approved contractors is provided on the web site.
Cullman also helps finance electric heat pumps through the Heat Pump Loan Program. The current interest rate is as low as 6% and monthly payments are billed through the electric bill. Contact Cullman for loan amounts. A $50 application/filing fee and a copy of property description are required. See the program web site listed above for other information regarding this program.
| Implementing Sector: | Utility |
| Category: | Financial Incentive |
| State: | Alabama |
| Incentive Type: | Loan Program |
| Web Site: | http://www.cullmanec.com/heat-pump-financing/ |
| Administrator: | Cullman Electric Cooperative |
| Start Date: | |
| Eligible Renewable/Other Technologies: |
|
| Maximum Loan: |
Heat Pump Rate: not specified Energy Conservation Rate: $2,000 |
| Loan Term: |
Heat Pump Rate: as low as 6% Heat Pump Repayment: not specified Energy Conservation Rate: 8% Energy Conservation Repayment: up to 36 months |
| Name: | Member Services |
| Organization: | Cullman Electric Cooperative |
| Address: |
PO Box 1168 Cullman AL 35056 |
| Phone: | (800) 242-1806 |
| Email: | info@cullmanec.com |
This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.
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