Lumbee River EMC - Residential Energy Efficiency Loan Program

May 06, 2024

Summary

Lumbee River Electric Membership Corporation (LREMC) offers low interest loans through the ElecTel Cooperative Federal Credit Union to help residential members increase the energy efficiency of homes. Loans up to $35,000 are available for the purchase and installation of:

  • Efficient windows and doors
  • Heating and cooling units (heat pumps, gas packs, a/c units)
  • Generators
  • Solar projects
  • Water heaters (electric, solar, gas)
  • Insulation
  • Energy Star Appliances
  • Weatherization efforts

    For detailed program information, see ElecTel's website here. Energy Efficient loans are primarily available to residential dwelling property owners only.  This may include single family residences, duplexes, and owner-occupied condominiums.

    Program Overview

    Implementing Sector: Utility
    Category: Financial Incentive
    State: North Carolina
    Incentive Type: Loan Program
    Web Site: https://www.lumbeeriver.com/energy-efficient-loans
    Administrator: Lumbee River Electric Membership Corporation
    Start Date:
    Eligible Renewable/Other Technologies:
    • Solar Water Heat
    • Geothermal Heat Pumps
    • Water Heaters
    • Furnaces
    • Heat pumps
    • Air conditioners
    • Duct/Air sealing
    • Building Insulation
    • Windows
    • Doors
    Maximum Loan: Loan Amount: $35,000 ($5,000 max. for mobile homes)
    Loan Term: Contact ElecTel Coop. for more details, low fixed rates offered.

    Contact

    Name: Lumbee River EMC Customer Service
    Organization: Lumbee River Electric Membership Corporation
    Address: PO Box 830
    Red Springs NC 28377
    Phone: (910) 843-4131
    Email: support@lumbeeriver.com

    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.