Progress Energy Carolinas - Residential Energy Efficiency Loan Program

September 27, 2011


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.

Program Overview

Implementing Sector: Utility
Category: Financial Incentive
State: North Carolina
Incentive Type: Loan Program
Web Site:
Administrator: AFC First Financial Corporation
Start Date:
Eligible Renewable/Other Technologies:
  • Water Heaters
  • Furnaces
  • Heat pumps
  • Air conditioners
  • Programmable Thermostats
  • Building Insulation
  • Windows
  • Doors
  • Custom/Others pending approval
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.