Union Power Cooperative - Residential Energy Efficient Heat Pump Loan Program (North Carolina)

From Open Energy Information


Last modified on February 12, 2015.

Financial Incentive Program

Place North Carolina

Name Union Power Cooperative - Residential Energy Efficient Heat Pump Loan Program
Incentive Type Utility Loan Program
Applicable Sector Residential
Eligible Technologies Heat pumps
Active Incentive Yes
Implementing Sector Utility
Energy Category Energy Efficiency Incentive Programs
Amount up to $7,500

Maximum Incentive $7,500

Terms Rate: 9%
Repayment: up to 60 months
Program Administrator Union Power Cooperative
Website http://www.union-power.com/mainNav/myHome/heatPumpFinancing.aspx

References DSIRE[1]


Union Power Cooperative offers low interest loans to help its residential customers finance new, energy-efficient heat pumps. Interest rates, currently at 9%, will be fixed for the term of the loan. Loans can be up to $7,500 over five years. Customers pay back the loan with payments on monthly electric bills. There is a one time loan filing fee of $42. Contact Union Power Cooperative for more information regarding this program.

Incentive Contact

Contact Name Steve Whitley
Department Union Power Cooperative
Address 1525 Rocky River Rd. N.
Place Monroe, North Carolina
Zip/Postal Code 28110
Phone (800) 922-6840 Ext:3239
Phone 2 (704) 289-3145
Email steve.whitley@union-power.com
Website http://www.union-power.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)"