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

What Energy Efficiency Measures May be Financed?

  • Heat pumps
  • Gas packs
  • Sealing of ducts
  • Thermal doors
  • Storm doors
  • Insulation (ceiling, walls & floors)
  • Central air conditioners
  • Geothermal heat pumpst
  • Thermal windows
  • Storm windows
  • Water heaters

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 Amount Terms (months)
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 Amount Terms (months)
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.
  • 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?