Over the past 30 years BEMC members received more than $19 million in 5% interest loans to make energy efficiency improvements to their existing homes.
The Weatherization Loan Program, administered by the Rural Consumer Services Corporation (RCSC), can help with funding for your DIY project or one that requires a licensed professional. Members can apply for a loan up to $6,000 for residential projects and up to $10,000 for commercial projects. Terms can be as long as 60 months, and payments are included with your monthly electric bill.
TogetherWeSave.com has a list of energy efficiency ideas for you to consider. Eligible projects include new heat pumps with a minimum 15 SEER rating, new electric or solar water heaters, ENERGY STAR replacement windows and doors, insulation of all types, and duct repair or replacement.
If you own your home served by the cooperative, receive a monthly electric bill and have two years of service with a good payment history, the loan process is simple:
- Choose a contractor (must be licensed for heat pump installation)
- Obtain cost estimates
- Complete an application at bemc.org or at a BEMC office
As always, call (800) 842-5871 to speak with one of our energy experts about any questions you may have. Visit our website to learn more.