South Central Indiana REMC - Residential Energy Efficiency Loan Program

April 07, 2015


South Central Indiana REMC offers a 6.0% interest loan for residential customers interested in making energy efficiency improvements to participating homes. The loan can be used for a variety of energy efficient improvements ranging from replacement thermal windows and insulation upgrades to heating and cooling system installations. Heating and cooling equipment must meet the following standards to be eligible: Air-source heat pumps must have a minimum SEER rating of 15.0. Geothermal heat pumps must have a minimum EER rating of 15.1. Dual fuel systems must consist of an air-source heat pump with a minimum SEER rating of 15.0 and a fossil fuel furnace with a minimum AFUE rating of 95%. To apply for the loan, customers should submit an Energy Efficient Loan application form accompanied by a copy of the contractor estimate and a processing fee check for $35 to South Central Indiana REMC.
Length of loan varies from 12 to 72 months. There is a six month grace period in which no payment is required and no interest is accrued. Contact South Central Indiana REMC for any additional information on this program.


Program Overview

Implementing Sector: Utility
Category: Financial Incentive
State: Indiana
Incentive Type: Loan Program
Web Site:
Administrator: South Central Indiana Rural Electric Membership Corporation
Start Date:
Eligible Renewable/Other Technologies:
  • Solar Water Heat
  • Geothermal Heat Pumps
  • Heat pumps
  • Air conditioners
  • Building Insulation
  • Windows
  • Other EE
Maximum Loan: $10,000
Loan Term: Rate: 6%
Repayment: up to 72 months
No interest of payment required for first 6 months


Name: SCIREMC Information
Organization: South Central Indiana Rural Electric Membersh
Address: 300 Morton Avenue
Martinsville IN 46151
Phone: (765) 342-3344

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.