|Incentive Type:||Utility Loan Program|
|Eligible Efficiency Technologies:||Heat pumps|
Repayment: up to 60 months
|Incentive Amount:||up to 7,500|
Union Power Cooperative offers low interest loans to help its residential customers finance new, energy-efficient heat pumps. Interest rates, currently at 9%, will be fixed for the term of the loan. Loans can be up to $7,500 over five years. Customers pay back the loan with payments on monthly electric bills. There is a one time loan filing fee of $42. Contact Union Power Cooperative for more information regarding this program.