|Incentive Type:||Utility Loan Program|
|Eligible Efficiency Technologies:||Heat pumps, Geothermal Heat Pumps|
Repayment: up to 60 months
|Incentive Amount:||500 - 12,000|
Blue Ridge Electric Cooperative (BREC) offers low interest loans to help members finance the purchase of energy efficient heat pumps. Loans under $1,500 can be financed for up to 42 months, and loans above $1,500 can be financed for up to 60 months for houses and 48 months for mobile homes. Homeowners planning to install one heat pump, electric or geothermal can borrow up to $7,500. Homeowners wishing to install two or more heat pumps or one geothermal heat pump can borrow up to $12,000. Mobile Home owners can borrow up to $5000. Qualifying heat pump must have a SEER Rating of 13 or higher. Contact BREC for more information on this program.