Lumbee River EMC is offering 6% loans to residential customers for the installation of solar water heaters on their homes. To qualify, the systems must be certified OG-300 by the Solar Ratings and Certification Council (SRCC) and installed by a program-approved contractor or an installer certified by the North American Board of Certified Energy Practitioners (NABCEP). Loans of $2,000 or less will be secured as a signature loan. Loans in excess of $2,000 will be secured by a deed of trust against the home and property.
| Implementing Sector: | Utility |
| Category: | Financial Incentive |
| State: | North Carolina |
| Incentive Type: | Loan Program |
| Web Site: | http://www.lumbeeriver.com/content/weatherization-loans |
| Administrator: | Lumbee River EMC |
| Start Date: | |
| Eligible Renewable/Other Technologies: |
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| Maximum Loan: | $7,000 |
| Loan Term: | 60 months |
| Interest Rate: | 6% |
| Name: | Water Heater Incentives |
| Address: |
P.O. 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.
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