Randolph EMC - ElecTel Energy Efficiency Loan Program

August 04, 2023


As a member of the Randolph Electric Membership Corporation (Randolph EMC), residential customers are eligible for low-interest loans on energy efficiency improvement projects if they join the ElecTel Cooperative Federal Credit Union. Membership may cost as low as $1. Projects available for financing include but aren't limited to:

  • Efficient windows/doors
  • Electric heat pumps
  • Furnaces
  • Air conditioners
  • Generators
  • Solar projects
  • Water heaters
  • Insulation
  • EnergyStar appliances

Fixed rates are as low as 4.9%, with up to 100% financing of the purchase price. Payment terms are flexible with a maximum loan of $35,000 ($5,000 if a mobile home). See program site for details.

Program Overview

Implementing Sector: Utility
Category: Financial Incentive
State: North Carolina
Incentive Type: Loan Program
Web Site: https://www.randolphemc.com/financing-electel
Administrator: Randolph Electric Membership Corporation
Start Date:
Eligible Renewable/Other Technologies:
  • Solar Photovoltaics
  • Clothes Washers
  • Dishwasher
  • Water Heaters
  • Furnaces
  • Heat pumps
  • Air conditioners
  • Building Insulation
  • Windows
  • Doors
Maximum Loan: $35,000 ($5,000 for mobile homes)
Loan Term: Flexible
Interest Rate: As low as 4.9%


Name: ElecTel Cooperative Federal Credit Union
Address: 3400 Sumner Blvd.
Raleigh NC 27616
Phone: (191) 987-2239

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.