First Electric Cooperative, a Touchstone Energy® Cooperative, serves over 85,000 member accounts throughout parts of seventeen counties in central and southeast Arkansas. The Home Improvement Loan Program allows members to borrow between $500 and $15,000 for energy efficiency home improvements associated with heat pumps, First Electric products and portable home generators. Loan repayments can be included in your monthly electric bill.
For loans under $2500, there is a filing fee of $20; for loans over $2,500, the fee is $60. Only single-family primary residences served by FECC are eligible. Loans between $500 and $2,500 are secured with an equipment lien, and loans over $2500 are secured with a property mortgage and equipment lien. Loan program applications, specific program details, and a list of approved dealers are available on the program website.
| Implementing Sector: | Utility |
| Category: | Financial Incentive |
| State: | Arkansas |
| Incentive Type: | Loan Program |
| Web Site: | http://www.firstelectric.coop/products-and-services/home-improvement-loans |
| Administrator: | First Electric Cooperative |
| Start Date: | |
| Eligible Renewable/Other Technologies: |
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| Maximum Loan: | $500- $15,000 |
| Loan Term: |
Rate: 5.25% fixed Repayment: 12 to 60 months |
| Interest Rate: | Fixed interest rate, No pre-payment penalty. |
| Name: | Marketing Representative |
| Organization: | First Electric Cooperative |
| Address: |
1000 South J.P. Wright Loop Road Jacksonville AR 72076 |
| Phone: | (800) 489-7405 |
| Email: | jacksonvilleoffice@firstelectric.coop |
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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