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Lumbee River EMC - Residential Weatherization Loan Program

Last Review: 2012-04-16
Incentive Type: Utility Loan Program
Eligible Efficiency Technologies: Equipment Insulation, Water Heaters, Heat pumps, Duct/Air sealing, Building Insulation, Windows
Applicable Sectors: Residential
Terms: Rate: unspecified
Repayment: not specified
Website: http://www.lumbeeriver.com/energy_services/weatherization_loan.aspx

Summary:

Lumbee River Electric Membership Corporation (LREMC) offers low interest loans to help residential members increase the energy efficiency of homes. Loans up to $10,000 are available for the purchase and installation of:

  • thermal windows and doors
  • attic ventilation fans
  • water heaters
  • foundation vents
  • insulation and or mastic sealing of duct work
  • a heat pump
  • a gas pack
  • insulation of ceilings, walls, floors, storm doors and windows

Loans of $2,000 or less will be secured as signature loan. Loans in excess of $2,000 will be secured by a deed of trust against the home and property. To qualify for a loan, the property on which the improvements are to be made must be titled in the customer's name and be receiving service from LREMC. The applicant must have a good credit rating as determined by the cooperative. The structure on which the improvements are to be made must be at least five years old.


Contact:
Misha Melvin
Lumbee River Electric Membership Corporation
PO Box 830

Red Springs, NC 28377
Phone:(910) 843-7911 Ext.
Phone 2:(910) 843-4131
Email: misha.melvin@lumbeeriver.com
Web site: http://www.lumbeeriver.com

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