Berkeley Electric Cooperative - Energy Efficiency Loan Programs
Berkeley Electric Coop Inc residential energy efficiency rebate program
program summary
Berkeley Electric Cooperative provides HomeAdvantage Loans to qualifying homeowners for energy efficiency upgrades to residences. Measures typically include air infiltration measures, insulation measures, duct work leakage, air flow improvement and HVAC system upgrades. Loans of up to $15,000 are available through this offering and must produce a reasonable return on investment as determined by Berkeley Electric Cooperative. Typically, measures must produce adequate savings to repay the loan within 6 years. The program web site contains a loan calculator that interested customers can use to determine a projected monthly loan payment.
Energy auditors will review the home and create a recommended plan for weatherization and efficiency upgrades. Customers who wish to use the HomeAdvantage loan must undertake all of the recommended upgrades. Should a customer wish to only implement some of the measures, they may take advantage of the Energy Advance Loan Program offered in partnership with Farmers & Merchant Bank. This loan program is more flexible but has interest rates will vary.
Contact BEC for information on the program or visit the program web site listed above.
eligible technologies
Geothermal Heat Pumps, Water Heaters, Heat pumps, Air conditioners, Caulking/Weather-stripping, Duct/Air sealing, Building Insulation, Windows, Doors, Custom/Others pending approval
website
program administrator
Berkeley Electric Cooperative
program notes
- July 16, 2015
- Updated to include additional loan options.
- August 2, 2018
- Annual review, some small changes.
- April 25, 2019
- Updated loan information.
- June 10, 2022
- Annual Review, updated loan terms and rates
What cities does Berkeley Electric Coop Inc cover?
- The following cities are in the Berkeley Electric Coop Inc service area. However, this program may not be
available in every city. Check the program website for details.
- Adams Run, Andrews, Awendaw, Bonneau, Charleston, Cordesville, Cross, Dorchester, Edisto Island, Eutawville, Georgetown, Goose Creek, Greeleyville, Harleyville, Holly Hill, Hollywood, Huger, Jamestown, Johns Island, Ladson, Lane, Manning, Mc Clellanville, Moncks Corner, Mount Pleasant, Pineville, Pinopolis, Ravenel, Ridgeville, Saint Stephen, Salters, Summerville, Wadmalaw Island