Union Power Cooperative - Residential Energy Efficient Loan Program

February 15, 2024


Union Power Cooperative offers low interest loans to help its qualifying residential customers finance energy efficiency improvements, including new windows and doors, electric heat pumps, furnaces, air conditioners, generators, solar projects, water heaters, insulation, and ENERGY STAR® appliances.

Interest rates, offered as low as 3.90%, will be fixed for the term of the loan. Loans can be up to $30,000. Flexible payment terms are available for qualifying recipients. Contact Union Power Cooperative for more information regarding this program.

Program Overview

Implementing Sector: Utility
Category: Financial Incentive
State: North Carolina
Incentive Type: Loan Program
Web Site: https://union-power.com/member-resources-services/electel-credit-union
Administrator: Electal Cooperative Federal Credit Union
Start Date:
Eligible Renewable/Other Technologies:
  • Solar Photovoltaics
  • Water Heaters
  • Heat pumps
  • Air conditioners
  • Caulking/Weather-stripping
  • Building Insulation
  • Windows
  • Doors
  • Other EE
Maximum Loan: $30,000
Interest Rate: Low Fixed Rates (3.90% minimum)


Name: Electal Cooperative Federal Credit Union
Organization: Union Power Cooperative
Phone: (180) 084-9560
Email: memberservices@electel.org

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.