Loans are available to eligible Piedmont Electric Cooperative members to finance the purchase and installation of energy efficient home upgrades through ElecTel Cooperative Federal Credit Union. Approved members may borrow up to $30,000 for 10 years at market interest rates. This program is only available for existing homes served by Piedmont Electric. New construction does not qualify for the program.
Types of qualifying home upgrades:
- Electric vehicle charging stations (Level 2) or 240 V outlets for EV charging
- Electric water heaters
- Electric well pumps
- Energy efficient central A/C systems, including electric heat pumps of 15 SEER2 or greater
- New insulation or crawl space sealing
- Replacement of poorly insulated doors, windows
- Solar panels
- Solar water heaters
- Weather stripping
- Whole house or stand-by generation
For more information about your energy needs, please call 800.222.3107 to speak with our Energy Services Department or visit ElecTel for more information about loan services.