services / loan program

Loan Program

(video courtesy of the Midwest Energy Efficiency Alliance)

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.

New loan options include the EnergyWise Improvement loan, which allows for almost any energy efficiency updgrade.

Type of Loan
Maximum Amount Interest Rate Term of Loan
ENERGYWISE Improvements $10,000 6.9% 7 years
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

For more information, please contact the Eastern Illini Marketing Department at 1-800-824-5102 or email us.