Pee Dee Electric Cooperative - Energy Resource Conservation Loan Program

May 14, 2024

Summary

Pee Dee Electric Cooperative offers financing for members through the Energy Efficient Home Improvement Loan Program. Loans of up to $7,500 can be used for a number of measures including:

insulation for the attic, ducts, floors, walls, water heater and water piping
storm windows and doors
replacement thermal windows and insulated doors
attic ventilation systems
clock/programmable thermostats
high efficiency electric heat pumps
dual fuel systems (heat pump/fossil fuel combined systems)
ground source heat pumps
caulking and weatherstripping

Members must first have a PDEC marketing representative conduct a home energy audit, a credit check, and project approval. After the audit, the marketing representative will recommend improvements that will make the home more energy efficient and provide an application for the loan.

Program Overview

Implementing Sector:	Utility
Category:	Financial Incentive
State:	South Carolina
Incentive Type:	Loan Program
Web Site:	https://www.pdec.com/energy-center/erc-loan/
Administrator:	Pee Dee Electric Cooperative
Start Date:
Eligible Renewable/Other Technologies:	Geothermal Heat Pumps Heat pumps Programmable Thermostats Caulking/Weather-stripping Building Insulation Windows Doors
Maximum Loan:	The ERC Loan finances materials and labor up to $7,500 for energy-efficient improvements that are cost-effective and offer a return on the investment.
Interest Rate:	7%

Contact

Name:	Pee Dee Electric Coop Customer Service
Address:	1355 East McIver Road Darlington SC 29540
Phone:	(843) 665-4070

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.