Arkansas
Incentives/Policies for Renewables & Efficiency
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Last DSIRE Review: 05/29/2009
| Incentive Type: |
Utility Loan Program |
| State: |
Arkansas |
| Eligible Efficiency Technologies: |
Heat pumps,
Duct/Air sealing,
Windows,
Doors
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| Applicable Sectors: |
Residential
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| Terms: | 5% interest rate for loans up to $5,000 for air-source heat pumps and $9,000 for water-source heat pumps.
Amounts over maximum limit will be loaned on a seven-year fixed rate of 2.5% above the Federal Discount Rate
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Web Site: |
http://www.naeci.com/content.cfm?id=2014#
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Summary:
North Arkansas Electric Cooperative (NAEC), a Touchstone Energy Cooperative®, serves approximately 35,000 member accounts in seven different counties. The coop provides low interest rates for energy efficiency improvements in the home through the Energy Resource Conservation (ERC) Loan Program. Eligible measures include heat pumps and weatherization measures such as insulation, ductwork, and storm doors/windows. To qualify, the heat pump must have a SEER rating of at least 11.0 and a HSPF of at least 7. Heat pumps must be sized according to North Arkansas Electric design requirements determined at the time of the energy audit. Loans must be approved before work is done.
Water-source heat pump loans under $9,000 and air-source heat pump loans under $5,000 may receive a 5% interest rate payable up to 7 years.
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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.
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