Blue Ridge Electric Cooperative (BREC) offers low interest loans to help members finance the purchase of energy efficient heat pumps. Loans under $1,500 can be financed for up to 42 months, and loans above $1,500 can be financed for up to 60 months for houses. Loans must be at least $1,000. Qualifying heat pump must have a SEER Rating of 15 or higher for houses and 14 for mobile homes. In order to qualify for the rebate, the customer must own their home or property.
Contact BREC for more information on this program.
| Implementing Sector: | Utility |
| Category: | Financial Incentive |
| State: | South Carolina |
| Incentive Type: | Loan Program |
| Web Site: | https://www.blueridge.coop/content/heat-pump-loan-program |
| Administrator: | Blue Ridge Electric Cooperative |
| Start Date: | |
| Eligible Renewable/Other Technologies: |
|
| Maximum Loan: |
Homes: One heat pump: up to $10,000 Two or more heat pumps: up to $15,000 Geothermal Heat Pump loans Mobile home One heat pump up to $8,000 |
| Loan Term: |
Repayment: For loans under $1,500, up to 42 months For loans over $1,500, 60 months |
| Interest Rate: |
Geothermal Heat Pump Repayment: On-bill financing at 6.5% for up to 7 years, as well as a geothermal rebate of $1,600 per ton Non-Geothermal Heat Pump Loan: 7.5% |
| Name: | Anderson Office |
| Organization: | Blue Ridge Electric Cooperative |
| Address: |
1212 North Fant Street Anderson SC 29622 |
| Phone: | (864) 878-6326 |
| Name: | Greenville Office |
| Organization: | Blue Ridge Electric Cooperative |
| Address: |
3751 Highway 11 Travelers Rest SC 29690 |
| Phone: | (864) 647-2005 |
| Name: | Oconee Office |
| Organization: | Blue Ridge Electric Cooperative |
| Address: |
2328 Sandifer Blvd Westminster SC 29693 |
| Phone: | (864) 647-2005 |
| Name: | Pickens Office |
| Organization: | Blue Ridge Electric Cooperative |
| Address: |
734 West Main Street Pickens SC 29671 |
| Name: | Heat Pump Program |
| Address: |
|
| Phone: | (800) 240-3400 |
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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