Progress Energy Carolinas - Residential Energy Efficiency Loan Program (North Carolina)
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|
|Eligible Technologies||Building Insulation, Central Air conditioners, Custom/Others pending approval, Doors, Furnaces, Heat pumps, Programmable Thermostats, Water Heaters, Windows|
|Energy Category||Energy Efficiency Incentive Programs|
|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|
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.
|Contact Name||Customer Service - Progress Energy|
|Address||P.O. Box 1551|
|Place||Raleigh, North Carolina|
|Phone 2|| (888) 232-3477
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.