South Alabama Electric Cooperative – Residential Energy Efficiency Loan Program

Alabama
Incentive Type: Utility Loan Program
Eligible Efficiency Technologies: Heat pumps, Building Insulation, Windows, Doors
Eligible Renewable/Other Technologies: Geothermal Heat Pumps
Applicable Sectors: Residential
Amount: General: $300 – $5,000
Geothermal: up to $12,000
Maximum Incentive: General: $5,000
Geothermal: $12,000
Terms: Rate: 5%
General Repayment: up to 48 months
Geothermal Repayment: up to 60 months
Web Site: https://www.southaec.com/content.cfm?id=2014
Summary:
South Alabama Electric Cooperative is a part owner of Alabama Electric Cooperative which has a generation facility in Andalusia, AL. The Energy Resources Conservation Loan (ERC) helps members of the cooperative cover the cost of labor and materials for energy conservation measures on existing structures. Loans will only be made to members who have good credit ratings and also own the structures to be weatherized. ERC loans may be provided to finance the cost of labor and materials for items such as insulation, storm or thermal windows, storm or thermal doors, and high efficiency heat pumps.

Contact:
Chellie Phillips
South Alabama Electric Cooperative
P.O. Box 449
Troy, AL 36081
Phone: (800) 556-2060
Phone 2: (334) 566-8060
Fax: (334) 566-8949
E-Mail: chelliep@southaec.com
Web Site: http://www.southaec.com

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