Coast Electric Power Association - Heat Pump and Weatherization Loan Program (Mississippi)

From Open Energy Information

Summary

Last modified on February 12, 2015.

This incentive is NOT active.

Financial Incentive Program

Place Mississippi


Name Coast Electric Power Association - Heat Pump and Weatherization Loan Program
Incentive Type Utility Loan Program
Applicable Sector Residential
Eligible Technologies Building Insulation, Caulking/Weather-stripping, Doors, Duct/Air sealing, Heat pumps, Water Heaters, Windows, Geothermal Heat Pumps, Generators
Active Incentive No
Incentive Inactive Date 2011-08-03
Implementing Sector Utility
Energy Category Energy Efficiency Incentive Programs, Renewable Energy Incentive Programs
Amount 1,000 - 15,000








Maximum Incentive 15,000





Terms Rate: 7%
Repayment: up to 120 months
Program Administrator Coast Electric Power Association
Website http://www.coastepa.com/caexistinghomes.aspx


References DSIRE[1]


Summary

Due to new federal banking and finance regulations, Coast Electric Power Association can not currently originate loans through this program. A new loan origination format will be available in the near future. Check the program web site above for program status.

Coast Electric Power Association (CEPA) offers an Energy Efficiency Finance Program for their residential customers. Mobile homes are not eligible for this loan. The loan can be from $1,000 to $15,000 with a fixed interest rate of two points above the prime rate, with a maximum payback period of 120 months. Loans are available for conservation measures in already existing structures, new construction does not apply. The Loan can cover the installed cost of a complete air-source or geothermal heat pump system, including wiring, duct work, and other associated costs. Certain weatherization measures are also eligible, such as electric water heaters, storm windows and doors, structural insulation, caulking and weather-stripping, and generators. Customers should contact a CEPA Marketing Representative to find out which measures are applicable for their home. For more information, customers can refer to the Comfort Advantage Finance Fact Sheet.

Incentive Contact

Contact Name Customer Service
Department Coast Electric Power Association
Address 302 US Highway 90
Address 2 PO Box 2430
Place Bay St. Louis, Mississippi
Zip/Postal Code 39521-2430
Phone (228) 467-6535
Phone 2 (800) 624-3348


Website http://www.coastepa.com/


















  • Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]

References

  1. ↑ 1.0 1.1  "Database of State Incentives for Renewables and Efficiency (DSIRE)"




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