Weatherization Loans – Lumbee River EMC

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?

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

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

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.

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.