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Indiana

Indiana

Incentives/Policies for Renewables & Efficiency

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South Central Indiana REMC - Residential Energy Efficiency Loan Program   

Last DSIRE Review: 02/28/2014
Program Overview:
State: Indiana
Incentive Type: Utility Loan Program
Eligible Efficiency Technologies: Heat pumps, Central Air conditioners, Building Insulation, Windows, Emergency Back-up Generators, Electric Thermal Storage Units
Eligible Renewable/Other Technologies: Solar Water Heat, Geothermal Heat Pumps
Applicable Sectors: Residential
Amount:$2,000 - $10,000
Maximum Incentive:$10,000
Terms:Rate: 6%
Repayment: up to 72 months
No interest of payment required for first 6 months
Web Site: http://www.sciremc.com/efficiencyResources/loanProgram.aspx
Summary:
South Central Indiana REMC offers a 6.0% interest loan for residential customers interested in making energy efficiency improvements to participating homes. The loan can be used for a variety of energy efficient improvements ranging from replacement thermal windows and insulation upgrades to heating and cooling system installations. Heating and cooling equipment must meet the following standards to be eligible: Air-source heat pumps must have a minimum SEER rating of 15.0. Geothermal heat pumps must have a minimum EER rating of 15.1. Dual fuel systems must consist of an air-source heat pump with a minimum SEER rating of 15.0 and a fossil fuel furnace with a minimum AFUE rating of 95%. To apply for the loan, customers should submit an Energy Efficient Loan application form accompanied by a copy of the contractor estimate and a processing fee check for $35 to South Central Indiana REMC.
 
Length of loan varies from 12 to 72 months. There is a six month grace period in which no payment is required and no interest is accrued. Contact South Central Indiana REMC for any additional information on this program.

 


 
Contact:
  SCIREMC Information
South Central Indiana Rural Electric Membership Corporation
300 Morton Avenue
Martinsville, IN 46151
Phone: (765) 342-3344
Phone 2: (800) 264-7362
E-Mail: paulas@sciremc.com
Web Site: http://www.sciremc.com/
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Disclaimer: The information presented on the DSIRE web site provides an unofficial overview of financial incentives and other policies. It does not constitute professional tax advice or other professional financial guidance, and it should not be used as the only source of information when making purchasing decisions, investment decisions or tax decisions, or when executing other binding agreements. Please refer to the individual contact provided below each summary to verify that a specific financial incentive or other policy applies to your project.

While the DSIRE staff strives to provide the best information possible, the DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. make no representations or warranties, either express or implied, concerning the accuracy, completeness, reliability or suitability of the information. The DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. disclaim all liability of any kind arising out of your use or misuse of the information contained or referenced on DSIRE Web pages.

Copyright 2013 - 2014 North Carolina State University, under NREL Subcontract No. XEU-0-99515-01. Permission granted only for personal or educational use, or for use by or on behalf of the U.S. government. North Carolina State University prohibits the unauthorized display, reproduction, sale, and/or distribution of all or portions of the content of the Database of State Incentives for Renewables and Efficiency (DSIRE) without prior, written consent.