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The Energy Efficiency Conservation Loan Program allows members to borrow money from NAEC at low interest to improve the energy efficiency of their homes. Not only do energy efficiency upgrades improve the comfort of your home, but they also can lower energy costs. 

As of Sept. 27, 2022, the interest rate for these fixed-rate loans is 1 percent; however, this rate is subject to change. All loans require an application process, which does include a credit check. Also, board approval is required for loans exceeding $20,000. 

Below are the types of loans available:

  • Air Source Heat Pumps — All air source heat pump loans require a SEER rating of at least 14 and an HSPF of 8.2 with an amortization schedule for eight years. A $100 blower door test is required and can be financed. Please note: Heat pumps must be all-electric; those with dual fuel capabilities to use natural gas or propane do not qualify.
  • Geothermal Heat Pumps — All geothermal heat pump loans will have an amortization schedule for 12 years. A $100 blower door test is required and can be financed. 
  • Weatherization — Weatherization loans can apply toward Energy Star windows, Energy Star doors, insulation (ceiling, floor or wall) and electric water heaters with efficiency of 91 percent or greater. The amortization schedule is five years with a required minimum loan of $500.
  • Energy Efficient Lighting — Energy efficient lighting loans will cover LED installations with an amortization schedule for five years. The minimum loan amount is set at $500 with no maximum amount set at this time.

You can have more than one loan and can combine weatherization measures with a heat pump loan. Please note that new construction is not eligible for this program.

The EECLP application is available by clicking below. A print application may be picked up at an NAEC office.

Apply for the EECLP Application