Progress Energy Carolinas - Residential Energy Efficiency Loan Program (North Carolina)

From Open Energy Information


Last modified on February 12, 2015.

Financial Incentive Program

Place North Carolina

Name Progress Energy Carolinas - Residential Energy Efficiency Loan Program
Incentive Type Utility Loan Program
Applicable Sector Residential
Eligible Technologies Building Insulation, Central Air conditioners, Custom/Others pending approval, Doors, Furnaces, Heat pumps, Programmable Thermostats, Water Heaters, Windows
Active Incentive No
Implementing Sector Utility
Energy Category Energy Efficiency Incentive Programs
Amount $2,500-$20,000

Funding Source Progress Energy Carolinas

Maximum Incentive $20,000

Terms Rate: fixed rate, not specified
Repayment: up to 10 years
No collateral necessary, no closing costs, no prepayment penalty, unsecured.
Program Administrator AFC First Financial Corporation

References DSIRE[1]


Progress Energy Carolinas provides financing to help its residential customers install energy saving products in their homes. Loans are available for up to $20,000 with up to 10 years to repay for energy efficient heating and cooling systems, storm windows and doors, insulation and other energy-saving home improvements. The loans are backed by Fannie Mae and administered through AFC First Financial Corporation. Loans are available at a fixed rate with no collateral, closing costs or extra fees involved. All work must be completed by an approved contractor. The contractor will also help potential participants fill out the loan application. Customers should wait for approval before you begin work with a contractor.

Incentive Contact

Contact Name Customer Service - Progress Energy
Department Progress Energy
Address P.O. Box 1551
Place Raleigh, North Carolina
Zip/Postal Code 27602-1551
Phone (888) 999-8856
Phone 2 (888) 232-3477


  • 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)"