This loan offers 5% financing for high-energy efficient heat pumps (15 SEER or higher), insulation, and storm windows. Homes must meet minimum insulation levels for the heat pump loan and homeowners must have their credit approved by Central Electric. Newly constructed homes are not eligible. Contact Central Electric at 800-446-7752 to request a comfort loan application.
Water Heater Financing
Central Electric provides financing for heat pump water heaters 50 gallons or less and water heaters in lowboy and standard sizes ranging from 40 to 120 gallon sizes. The cooperative will finance the unit at a low interest rate for 1-2 years as a line item on your bill. In addition to financing, we also offer the convenience of installation by a licensed plumber. This service is available to those whose credit has been approved.
Rebates are available to assist homeowners in buying energy-efficient heat pumps. For new construction, a $200 rebate is available to members who install a heat pump with a minimum 15 SEER efficiency rating.
Heat Pump Rebate Application
Rebates are also available to assist homeowners in buying energy-efficient heat pump water heaters (HPWH). A $200 rebate is available for Energy Star HPWHs 50 gallons or less that have been installed in the previous 90 days and the old unit has an efficiency factor less than .90.
Heat Pump Water Heater Rebate Application
Rebates are available for High Efficiency Residential Option (HERO) built homes. HERO uses two methods to accomplish greater energy efficiency: the Prescriptive Path and the Performance Path. While both are effective and produce energy-efficient homes, Central Electric requires the Performance Path for rebate eligibility due to the involvement of a Home Energy Rating System (HERS) rater throughout the HERO certification process.
In order to be sure that your home meets the HERO requirements completely, we recommend that you read fully the North Carolina Energy Conservation Code (NCECC), which can be found at www.energycodes.gov.
One important improvement is a reduction in the fenestration solar heat gain coefficient to 0.30 (from 0.40). This is a 25 percent improvement in heat gain reduction. Fenestration U-factors were lowered across the state from 0.40 to 0.35, this improvement will be felt the most during the heating season.
Air leakage control in the 2012 NCECC has become a significantly higher priority. Building envelope air tightness must be demonstrated either through compliance with an air sealing checklist or, alternatively, a blower door test that demonstrates delivered air tightness at less than 5 ACH50. When the air leakage test option is elected, the value must be displayed on the building certificate along with all other construction attributes required.
All HVAC ducts must be tested, demonstrating leakage no greater than 6 CFM per 100 square feet of conditioned floor area. Like building envelope testing, tested duct leakage performance values must be shown on the compliance certificate.
Efficiency gains are also delivered through the requirement that at least 75% of the lamps in permanently installed fixtures will be high efficiency lamps.
The HERO program requires the services of a home energy rater and building diagnosticians for duct testing, envelope testing and building modeling, to determine code compliance.
How to receive your HERO rebate
Central EMC members who build or purchase a new HERO built home will qualify for a rebate of $200-$600. These energy efficiency improvements can save homeowners about $115 per year on utility bills.
In order to apply for a rebate, complete a Central Electric HERO Home application and return it along with all diagnostic testing forms and a REM/Rate Home Summary Report completed by a qualified HERS rater.
If you build a new speculative HERO certified home that receives electricity from Central Electric, you will receive a $400 rebate once the home has been checked for compliance by a licensed independent HERS rater and all appropriate paperwork has been submitted*.
If you purchase a newly built home that has been HERO certified, you will receive a $200 rebate. For members who have a HERO home custom built, you will receive a $600 rebate once the home has been checked for compliance by a licensed independent HERS rater and all appropriate paperwork is submitted*.
Click here for a list of certified raters in North Carolina, as well as a list of specifications for qualifying homes. HERO rebate applications for both contractors and members must be completed and certification verified before rebates are issued. All rebates are contingent upon the final report of an independent HERS rater.
HERO Rebate Application
Rebate forms may be e-mailed to Janet Jackson or Nancy Gust. They may also be printed and returned to the co-op.
*Rebates are subject to change without notice and subject to approval and contingent upon fund availability.
For more information, contact Nancy Gust or Janet Jackson at 800-446-7752.