Blue Ridge Electric Cooperative - Heat Pump Loan Program

May 14, 2024

Summary

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.

Program Overview

Implementing Sector: Utility
Category: Financial Incentive
State: South Carolina
Incentive Type: Loan Program
Web Site: https://blueridge.coop/hvac
Administrator: Blue Ridge Electric Cooperative
Start Date:
Eligible Renewable/Other Technologies:
  • Geothermal Heat Pumps
  • Heat pumps
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: Current interest rate: 8.0%

Contact

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.