Progress Energy Carolinas provides financing to help its residential customers install energy saving products in their homes. Loans are available for up to $20,000 with up to 10 years to repay for energy efficient heating and cooling systems, storm windows and doors, insulation and other energy-saving home improvements. The loans are backed by Fannie Mae and administered through AFC First Financial Corporation. Loans are available at a fixed rate with no collateral, closing costs or extra fees involved. All work must be completed by an approved contractor. The contractor will also help potential participants fill out the loan application. Customers should wait for approval before you begin work with a contractor.
| Implementing Sector: | Utility |
| Category: | Financial Incentive |
| State: | North Carolina |
| Incentive Type: | Loan Program |
| Web Site: | http://progress.energyloan.net/index.php |
| Administrator: | AFC First Financial Corporation |
| Start Date: | |
| Eligible Renewable/Other Technologies: |
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| Maximum Loan: | $20,000 |
| Loan Term: |
Rate: fixed rate, not specified Repayment: up to 10 years No collateral necessary, no closing costs, no prepayment penalty, unsecured. |
| Name: | Customer Service - Progress Energy |
| Organization: | Progress Energy |
| Address: |
P.O. Box 1551 Raleigh NC 27602-1551 |
| Phone: | (888) 999-8856 |
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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