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Weatherization Loans


Lumbee River EMC's weatherization loan program is designed to provide low-interest loans to our residential members who wish to improve the energy efficiency of their home.  Loans up to $10,000 at a 6% interest rate with financing up to 84 months are available to qualified members. In addition, financing up to $17,000 at a 6% interest rate with financing up to 120 months is available to qualified members who wish to install a ground-source heat pump.

What energy efficiency measures may be financed?

  • Heat Pumps
  • Central Air Conditioners
  • Gas Packs
  • Geothermal Heat Pumps
  • Sealing of Ducts
  • Thermal Windows
  • Thermal Doors
  • Storm Windows
  • Storm Doors
  • Water Heaters
  • Insulation 
    ^ (ceiling, walls, & floors)


Who is eligible for a loan?

Lumbee River EMC residential members may qualify for a loan through our weatherization loan program is they meet the following requirements:

  • Must be the legal owner of the property and home on which the improvements are to be made (The electric account, title, and deed must be in applicant’s name)
  • The home must be at least 5 years old and have a permanent foundation
  • Good payment history or credit score of 600 or greater
    • No LREMC Account Credit Rating of more than 12 for the last 12 months
    • No record of meter tampering
    • No record of bankruptcy in the past 7 years

​What are the terms & limits on Loans?

Weatherization Loans


Ground Source Heat-Pump $17,000 120
Air-Source Heat Pump $8,000 84
Thermal Windows & Doors $4,000 48
Storm Windows & Doors $2,000 30
Insulation (floors, ceilings & walls) $2,000 30
Installation/Sealing of Ducts $2,000 30
Attic Ventilation Fans $500 12
Foundation Vents $500 12

Water Heater Loans


Solar Water Heater $7,000 60
Heat Pump Water Heater $7,000 60
Marathon Water Heater $2,000 24
Efficient Steel Water Heater $500 12







What is the loan processing procedure?

  • Complete and submit your weatherization loan application. (applications can be faxed, mailed, or dropped off at any office locations. Click here to find contact information for an office near you)
  • Once the loan is processed, a pre-approval or denial letter will be mailed.
  • If pre-approved, a list of pre-qualified contractors will be mailed with the pre-approval letter.  Member selects a contractor from the list and has the contractor submit an estimate.
  • Once the estimate is received, our Energy Service Representative will contact the member to schedule the loan signing.
  • Once all documentation has been signed our Energy Service Representative will notify the contractor of approval.

What type of documents must be signed for the loan?

Loans $2,000 or less are secured with a Promissory Note.  Loans in excess of $2,000 are secured with a Promissory Note and Deed of Trust.

How long does it take to process an application?

It usually takes less than 2 weeks to process a loan.

Ready to apply?

Applications are available at any of our office locations and can also be download by clicking the following link: Weatherization Loan Application - Lumbee River Electric Membership Corporation

For a list of pre-qualified contractors please click here.

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