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South Central Indiana REMC - Residential Energy Efficiency Loan Program

Last Review: 2012-06-20
Incentive Type: Utility Loan Program
Eligible Efficiency Technologies: Heat pumps, Central Air conditioners, Building Insulation, Windows, Solar Water Heat, Geothermal Heat Pumps
Applicable Sectors: Residential
Terms: Rate: 6%
Repayment: up to 72 months
No interest of payment required for first 6 months
Incentive Amount: 2,000 - 10,000
Website: http://www.sciremc.com/efficiencyResources/loanProgram.aspx

Summary:
South Central Indiana REMC offers a 6.0% interest loan for residential customers interested in making energy efficiency improvements to participating homes. The loan can be used for a variety of energy efficient improvements ranging from replacement thermal windows and insulation upgrades to heating and cooling system installations. Heating and cooling equipment must meet the following standards to be eligible: Air-source heat pumps must have a minimum SEER rating of 15.0. Geothermal heat pumps must have a minimum EER rating of 15.1. Dual fuel systems must consist of an air-source heat pump with a minimum SEER rating of 15.0 and a fossil fuel furnace with a minimum AFUE rating of 95%. To apply for the loan, customers should submit an Energy Efficient Loan application form accompanied by a copy of the contractor estimate and a processing fee check for $35 to South Central Indiana REMC.
 
Length of loan varies from 12 to 72 months. There is a six month grace period in which no payment is required and no interest is accrued. Contact South Central Indiana REMC for any additional information on this program.

 


Contact:
SCIREMC Information
South Central Indiana Rural Electric Membership Corporation
300 Morton Avenue

Martinsville, IN 46151
Phone:(765) 342-3344 Ext.
Phone 2:(800) 264-7362
Email: paulas@sciremc.com
Web site: http://www.sciremc.com/

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