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Energy Advance Loans

A loan pro­gram is avail­able to assist Co-op mem­bers with ener­gy-effi­cient mea­sures.

With an Ener­gy Advance loan, Coastal Elec­tric mem­bers can finance their ener­gy-sav­ing home improve­ment projects with a com­pet­i­tive, fixed-rate loan that gets applied to their elec­tric bill.

The Ener­gy Advance pro­gram may be used in an exist­ing home for:

  • High-effi­cien­cy heat pumps
  • Dual fuel sys­tems
  • Insu­la­tion
  • Ther­mal win­dows and insu­lat­ed doors
  • Attic ven­ti­la­tion sys­tems
  • Pro­gram­ma­ble ther­mostats
  • Caulk­ing and weath­er strip­ping
  • Stand­by emer­gency gen­er­a­tors

Videos: DIY Weatherization

How to Seal Air Leaks Around Windows

How to Weather Strip Exterior Doors

What are the terms and conditions of the program?

The max­i­mum amount that can be bor­rowed for a con­ser­va­tion project is $10,000. The loan is financed for a max­i­mum of 5 years with a com­pet­i­tive, fixed inter­est rate and the pay­ments are added to the mem­ber’s pow­er bill.

A cred­it report will be required and a cred­it score of 600 or greater is need­ed to be qual­i­fied for a loan. In addi­tion, a down pay­ment may be required, along with fil­ing and record­ing fees and oth­er admin­is­tra­tion costs. All approved loans will have a lien filed on their prop­er­ty and will be removed when the loan is paid off in full.

There are oth­er pro­gram require­ments and restric­tions. If you’re inter­est­ed in an Ener­gy Advance Loan:

Vis­it EnergyStar.gov Fed­er­al Income Tax Cred­its and Oth­er Incen­tives for Ener­gy Effi­cien­cy »

Apply for an Energy Advance Loan:

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