Haywood EMC - Residential Heat Pump and Weatherization Loan Program (North Carolina)

From Open Energy Information


Last modified on February 12, 2015.

Financial Incentive Program

Place North Carolina

Name Haywood EMC - Residential Heat Pump and Weatherization Loan Program
Incentive Type Utility Loan Program
Applicable Sector Residential
Eligible Technologies Building Insulation, Caulking/Weather-stripping, Duct/Air sealing, Heat pumps
Active Incentive Yes
Implementing Sector Utility
Energy Category Energy Efficiency Incentive Programs
Amount 100% of the total cost for heat pump or weatherization measures

Maximum Incentive not specified

Terms Rate: 5%
Repayment: up to 60 months
Program Administrator Haywood EMC
Website http://www.haywoodemc.com/pages/heatpumploan.htm

References DSIRE[1]


Haywood EMC offers a low interest loan to their residential customers to finance the purchase of an energy efficient heat pump and certain weatherization measures. The current interest rate is 5% and the loan has a maximum payback time of 60 months. In order to apply for the loan, customers must submit an application, an approved credit check, a copy of their land deed, a quote from a licensed HVAC contractor with a "load calculation" report, and a processing fee of $150. The heat pump must be 15 SEER of higher to be financed by this loan program.

Incentive Contact

Contact Name Customer Service
Department Haywood EMC
Address 376 Grindstone Road
Place Waynesville, North Carolina
Zip/Postal Code 28785
Phone (828) 452-2281
Phone 2 (800) 951-6088

Website http://www.haywoodemc.com/

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


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