Lumbee River EMC - Residential Energy Efficiency Loan Program

May 06, 2024

Summary

Lumbee River Electric Membership Corporation (LREMC) offers low interest loans through the ElecTel Cooperative Federal Credit Union to help residential members increase the energy efficiency of homes. Loans up to $35,000 are available for the purchase and installation of:

Efficient windows and doors
Heating and cooling units (heat pumps, gas packs, a/c units)
Generators
Solar projects
Water heaters (electric, solar, gas)
Insulation
Energy Star Appliances
Weatherization efforts

For detailed program information, see ElecTel's website here. Energy Efficient loans are primarily available to residential dwelling property owners only. This may include single family residences, duplexes, and owner-occupied condominiums.

Program Overview

Implementing Sector:	Utility
Category:	Financial Incentive
State:	North Carolina
Incentive Type:	Loan Program
Web Site:	https://www.lumbeeriver.com/energy-efficient-loans
Administrator:	Lumbee River Electric Membership Corporation
Start Date:
Eligible Renewable/Other Technologies:	Solar Water Heat Geothermal Heat Pumps Water Heaters Furnaces Heat pumps Air conditioners Duct/Air sealing Building Insulation Windows Doors
Maximum Loan:	Loan Amount: $35,000 ($5,000 max. for mobile homes)
Loan Term:	Contact ElecTel Coop. for more details, low fixed rates offered.

Contact

Name:	Lumbee River EMC Customer Service
Organization:	Lumbee River Electric Membership Corporation
Address:	PO Box 830 Red Springs NC 28377
Phone:	(910) 843-4131
Email:	support@lumbeeriver.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.