Alabama
Incentives/Policies for Renewables & Efficiency
|
 |
Last DSIRE Review: 11/20/2009
| Incentive Type: |
Utility Loan Program |
| State: |
Alabama |
| Eligible Efficiency Technologies: |
Heat pumps,
Building Insulation,
Windows
|
| Applicable Sectors: |
Residential
|
| Terms: | Heat Pump Loan: 8%
Energy Conservation Loan: 60 month maximum at 11% APR, up to $2,000
|
|
Web Site: |
http://www.cullmanec.com/default.aspx?id=135
|
|
|
Summary:
Cullman Electric Cooperative, a Touchstone Electric Cooperative, has two loan programs. One is their Energy Conservation Loan Program, which provides members a loan for insulation or storm windows. Maximum loan is $2,000, payable up to 60 months at a rate of 11%. A list of approved contractors is provided on the website.
Cullman helps finance electric heat pumps under TVA's "Energy Right" program. Interest rate is 8% and monthly payments are billed through the electric bill. A $50 application/filing fee and a copy of property description are required.
|
|
|
 |
Please note: The information on the DSIRE web site provides an overview of incentives and other policies, but it should not be used as the only source of information when making purchasing decisions, investment decisions, tax decisions or other binding agreements. Please refer to the individual contact provided in each record to verify that a specific incentive or other policy is applicable to your specific project.
|
