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Low Interest Loan Programs for Energy Efficiency Upgrades
Eastern Illini Electric Cooperative offers low interest loans for geothermal systems, standby generators, electric air source heat pumps, air source heat pumps with gas backup and electric service upgrades.
| Type of Loan | Maximum Amount | Interest Rate | Term of Loan |
|---|---|---|---|
| Geothermal Systems | $10,000 | 6.9% | 7 years |
| Standby Generators | $10,000 | 6.9% | 7 years |
| All Electric Air Source Heat Pumps | $5,000 | 6.9% | 5 years |
| Electric/Gas Air Source Heat Pumps | $3,000 | 6.9% | 5 years |
| 100 AMP Service Upgrades | $600 | 6.9% | 1 year |
| 200 AMP Service Upgrades | $1200 | 6.9% | 1 year |
To find out more about the loan programs, contact the EIEC Marketing Department, at 800-824-5102.