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:
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.
| Implementing Sector: | Utility |
| Category: | Financial Incentive |
| State: | North Carolina |
| Incentive Type: | Loan Program |
| Web Site: | https://www.randolphemc.com/financing-electel |
| Administrator: | Randolph Electric Membership Corporation |
| Start Date: | |
| Eligible Renewable/Other Technologies: |
|
| Maximum Loan: | $35,000 ($5,000 for mobile homes) |
| Loan Term: | Flexible |
| Interest Rate: | As low as 4.9% |
| Name: | ElecTel Cooperative Federal Credit Union |
| Address: |
3400 Sumner Blvd. Raleigh NC 27616 |
| Phone: | (191) 987-2239 |
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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