First Electric Cooperative, a Touchstone Energy® Cooperative, serves over 85,000 member accounts throughout parts of seventeen counties in central and southeast Arkansas. The Home Improvement Loan Program allows members to borrow between $500 and $15,000 for energy efficiency home improvements associated with heat pumps, First Electric products and portable home generators. Loan repayments can be included in your monthly electric bill.
For loans under $2500, there is a filing fee of $20; for loans over $2,500, the fee is $60. Only single-family primary residences served by FECC are eligible. Loans between $500 and $2,500 are secured with an equipment lien, and loans over $2500 are secured with a property mortgage and equipment lien. Loan program applications, specific program details, and a list of approved dealers are available on the program website.
|Incentive Type:||Loan Program|
|Administrator:||First Electric Cooperative|
|Eligible Renewable/Other Technologies:||
|Maximum Loan:||$500- $15,000|
Rate: 5.25% fixed
Repayment: 12 to 60 months
|Interest Rate:||Fixed interest rate, No pre-payment penalty.|
|Organization:||First Electric Cooperative|
1000 South J.P. Wright Loop Road
Jacksonville AR 72076
This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.
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